STOCKHOLM, Sweden, Oct. 28, 2002 (PRIMEZONE) -- The Extraordinary General Meeting in Skanditek (Stockholm:STEK) today decided, according to the Board's proposal to:
-- approve the motion proposed by the subsidiary CMA Microdialysis AB regarding the raising of a convertible subordinated loan. -- approve the motion proposed by the subsubsidiary Mydata Automation AB regarding the raising of subordinated loan with detachable warrants.
All decisions were unanimous.
Skanditek is an industrial holding company owning stock in Swedish unlisted and listed companies. The business concept is to be an active and long-term stockholder and to further the portfolio companies' development by providing industrial and financial competence at board and management level. The portfolio comprises 12 companies within electronics, information technology, biotechnology and services. The major holdings are in Axis (14%), LGP Telecom Holding (9%), Mydata Automation (39%), PartnerTech (40%) and Vitrolife (35%). Skanditek is listed on the Stockholm Exchange's O list.