STOCKHOLM, Sweden, March 29, 2005 (PRIMEZONE) -- The shareholders of Effnet Holding AB (publ) are hereby called to the annual general meeting at 2:00 pm on Wednesday 27 April, 2005 at Gustafs Konferenscenter, Gustavslundsvagen 151 G, Alviksstrand, Bromma, Sweden.
Entitlement to attend the meeting Shareholders who wish to attend the meeting must first be entered in the share register maintained by VPC AB ("VPC") as of Friday 15 April, 2005, second give the company notice of their intention to attend the meeting no later than 12:00 am on Friday 22 April, 2004. In order to be entitled to attend the meeting, shareholders whose shares are registered to nominees must temporarily re-register the shares in their own name. Such registration must have been carried out (registered at VPC) no later than Friday 15 April 2004. This means that the shareholder must inform the nominee of such re-registration in good time before that date.
Notice of attendance at the meeting Notice of attendance at the meeting must be given in writing to Effnet Holding AB, Box 15040, 167 15 Bromma, Sweden, or by telephone on +46 (0) 8-564 605 50, fax +46 (0) 8-564 605 60 or by email to: krister.moberger@effnet.com The notice shall include name and national insurance number/company registration number, address and telephone number. Shareholders represented by proxies shall issue a written power of attorney to the proxy. The power of attorney should be sent to the company at the above address in good time before the meeting.
Proposed agenda
1. Opening of the meeting and election of its chairman
2. Preparation and approval of the voting list
3. Approval of the agenda
4. Election of one or two persons to check the minutes
5. Examination of whether the meeting has been duly called
6. Submission of the annual report and auditor's report together
with the consolidated annual report and auditor's report
7. To resolve on adoption of the profit and loss account
and balance sheet together with the consolidated profit
and loss account and balance sheet
8. To resolve on arrangements for the company's profit or
loss as shown in the balance sheet adopted
9. To resolve on release from liability of the members of the
board and the chief executive officer
10. Establishment of the number of board members and deputies
11. Establishment of directors' fees and remuneration to auditors
12. Election of directors and deputies
13. Authorisation I
14. Authorisation II
15. Any other business
16. Closing of the meeting
Proposed resolutions
Arrangements for the company's profit or loss etc (item 8 ) The Board does not recommend a dividend to shareholders for accounting year 2004. Election of board Shareholders controlling 42,3 per cent of outstanding shares and votes propose reelection of the present Board Magnus Ryde, Goran E. Larsson, Hans Runesten och Svante Carlsson and that the directors' fee shall amount to SEK 400.000 annually. Authorisation I (item 13) The board proposes that the annual general meeting resolve to authorise the Board, on one or more occasions during the period up to the next ordinary general meeting, to decide to issue new stocks and/or take up loans by issuing convertible promissory notes or promissory notes linked to options to subscribe against payment in ready money, contributions in kind and/or by means of set-offs with or without exception to the stockholders' preferential rights. The number of newly issued stocks may not exceed 12,000,000. The object of the authorisation is to give the Board the opportunity to raise working capital, make and/or finance corporate acquisitions by issuing financial instruments or to issue stocks to industrial partners within the framework of cooperations and alliances. If the issue is made without subscription priority the issue price should be close to the share's price on the New Market at the time of the issue. If the authorisation is fully exhausted the newly issued shares will constitute 9.9 per cent of share capital. Authorisation II (item 14) The board proposes that the annual general meeting resolve to authorise the Board, on one or more occasions during the period up to the next ordinary general meeting, to decide to issue new stocks and/or take up loans by issuing convertible promissory notes or promissory notes linked to options to subscribe against payment in ready money, contributions in kind and/or by means of set-offs with or without exception to the stockholders' preferential rights. The number of newly issued stocks may not exceed 25,000,000. The object of the authorisation is to give the Board the opportunity to make and/or finance corporate acquisitions by issuing financial instruments or to issue stocks to industrial partners within the framework of cooperations and alliances. Other The annual report for the accounting year 2004 will be accessible at the company at its address Gustavslundsvagen 151G, 167 15 Bromma, Sweden, as from April 13, 2005 and will be sent to stockholders who request so and give their address. The complete proposal of the Board for authorisation will be seen above. Stockholm, March 2005 Effnet Group AB (publ) The Board
About the Effent Holding Group
The Effnet Holding Group consists of the parent company Effnet Holding AB (publ) and two wholly-owned subsidiaries: Factum Electronics AB and Effnet AB. Factum Electronics AB develops and sells components and systems for digital radio, DAB, and components for digital stereo sound in television broadcasting, NICAM. Effnet AB develops and sells Header Compression software that increases efficiency, speed and reliability of Internet Protocol (IP) traffic in fixed, mobile and satellite networks. Effnet Holding AB (publ) is traded on Stockholm Stock Exchange's New Market under the EFFN ticker. For more information, visit www.effnetholding.se, www.effnet.com and www.factum.se.
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