PARIS, April 17, 2002 (PRIMEZONE) -- Fi SYSTEM (Euroclear 6588) -- The Fi SYSTEM shareholders, who met at the second convening of an Extraordinary General Meeting on Monday April 15th, have approved the increase in capital for the benefit of UOVO Ltd shareholders within the framework of the acquisition of 100% of the capital of this company.
This operation gave rise to the creation of an E document registered by the Paris SEC (Commission des Operations de Bourse) on April 12th, under the number E.02-054.
UOVO Ltd, a prize-winner at the European Retail Award for its sales kiosk solution which was developed for Virgin V.Shop, works with prestigious clients such as ABBEY NATIONAL OFFSHORE, ARGOS, DIGITAL JUKEBOX, HEINZ, POWERGEN and VIRGIN MEGASTORE. UOVO has very solid expertise of key technologies such as the BEA Weblogic application server or the Java J2EE platform.
The acquisition of UOVO Ltd will enable the Fi SYSTEM Group to complete its plan of action in the UK, by having a structure which is centred on new forms of technology, as well as being capable - both in terms of its size and its expertise - of accompanying its British and European clients through the realization and deployment of their projects.
The 2001 annual accounts - which were published earlier than initially scheduled so as to meet the legal requirements concerning the information to be given to the shareholders at the EGM on April 15th, will be submitted to the shareholders' Ordinary General Meeting which will be held in the course of the month of June.
The publication of the Q1 consolidated sales figures will take place on May 13th 2002 after the closing of markets.