Constellation Growth Capital exercise warrants and receives new class
B shares in Net Insight
23 March, 2009
Stockholm, Sweden - Number of shares and voting rights: Constellation
Growth Capital exercise warrants and receives new class B shares in
Net Insight
Constellation Growth Capital has exercised warrants equal to 10 042
440 number of Net Insight shares of class B. Constellation made its
first investment in Net Insight in 2004 including a subscription of
warrants and is a major shareholder of Net Insight.
As of March 23, 2009 the total number of shares in the Company is 389
933 009, of which 1 300 000 are class A shares and 388 633 009 are
class B shares. One class A-share entitles the holder to 10 votes and
one class B share to one vote. The total number of votes in Net
Insight is 401 633 009. Constellation Growth Capital's holdings are
approximately 12% of the shares and votes."Constellation invested in Net Insight at a critical point in our
development," says Fredrik Trägårdh, CEO of Net Insight. "With their
broad industry competence, professional network as well as hands on
contributions they have been key to our positive development.""Our continued investment in Net Insight is a vote of confidence in
the company management and Net Insight's long term prospects," says
Clifford H. Friedman, Senior Managing Director at Constellation
Growth Capital.
For more information, please contact:
Fredrik Trägårdh, CEO of Net Insight AB, +46 8 685 04 69,
fredrik.tragardh@netinsight.net
Clifford H. Friedman, Senior Managing Director, Constellation Growth
Capital, +1 212 287-6792,
cliff.friedman@highbridge.com
The information in this press release is such information that Net
Insight is required to publicly disclose pursuant to the Swedish
Securities Market Act and/or the Swedish Financial Instruments
Trading Act. The information was released for publication on 23
February, 2009 at 9.00 am CET.
About Net Insight
Net Insight delivers the world's most efficient and scalable optical
transport solution for Broadcast and Media, Digital Terrestrial TV,
Mobile TV and IPTV/CATV networks.
Net Insight products truly deliver 100 percent Quality of Service
with three times improvement in utilization of bandwidth for
a converged transport infrastructure. Net Insight's Nimbra(TM)
platform is the industry solution for video, voice and data, reducing
operational costs by 50 percent and enhancing competitiveness in
delivery of existing and new media services.
World class customers run mission critical video services over Net
Insight products for more than 100 million people in more than 30
countries. Net Insight is quoted on the Stockholm Stock Exchange. For
more information, visit www.netinsight.net
About Constellation Growth Capital
For more information, please visit www.constellationventures.com
