The board’s proposals consisted of, firstly, a share issue of a maximum of 16,205,261 new B-shares with preferential rights for existing shareholders, and, secondly, the issue of a promissory note for a maximum of 8,102,631 separable options for subscription to B-shares.
The criteria for the share issue are as follows: every whole number of five existing shares, regardless of share type, entitle the holder to subscribe to two new B-shares, at SEK 10 per new share. The record day for determining which shareholders are entitled to participate in this share issue is 1June 2001. Shares may be purchased between 7 June and 21 June 2001 inclusive.
Shareholders who utilize the right to subscribe to new B-shares in the share issue will receive, via a wholly-owned subsidiary of Net Insight AB, a further share option for every two B-shares subscribed to.
If the share issue is not fully subscribed, the shares will be distributed between the members of the consortium of investors that guaranteed the new share issue up to the maximum amount.
For more information, please contact:
Carl-Johan Blomberg, CFO Net Insight AB
Tel. +46 8 685 06 20, e-mail
carl.johan.blomberg@netinsight.net
Lars Carlson, Corporate Finance, ABG Securities ASA
Tel. 08-566 28 671, e-post:
lars.carlson@abgsec.se
Ulf Hellzén, Corporate Finance, Swedbank Markets
Tel. 08-58 59 1447,
ulf.hellzen@swedbank.com
About Net Insight
Net Insight develops and markets network switches for fiber-optic broadband networks. Using Net Insight solutions, operators can offer everything from new advanced real-time services such as studio-quality video and Internet communication to traditional telephony and data. These services can be supplied simply and cost-effectively across one and the same infrastructure. Net Insight has around 140 employees in Sweden and the USA. The company is listed on the Attract40 O-list of the OM Stockholm Exchange.