STOCKHOLM, The following decisions were passed at the Annual General Meeting (the “AGM”) in Net Insight AB on 26 April 2012. The board of directors’ complete proposals have previously been published and are available at the company’s website, www.netinsight.net.
Approval of the annual report, appropriation of result and discharge from liability
The AGM decided to adopt the income statement and balance sheet, consolidated income statement and balance sheet for 2011. Furthermore, it was decided that the distributable funds, SEK 707,863,495, should be brought forward. The AGM decided to discharge the board members and the managing director from liability.
Number of board members and auditors, election of board members and auditors and fees to the board members and auditors
The AGM decided that the number of board members, appointed by the shareholders’ meeting, should be seven without deputies. Lars Berg, Clifford H. Friedman, Bernt Magnusson, Gunilla Fransson, Arne Wessberg, Anders Harrysson och Fredrik Trägårdh were re-elected members of the board and Lars Berg was re-elected chairman of the board.
The AGM decided that the number of auditors shall be one without deputies. Öhrlings PricewaterhouseCoopers was re-elected as the company’s auditor.
The AGM decided that the remuneration to the board should amount to SEK 1.275.000 to be allocated with SEK 400.000 to the chairman of the board of directors and SEK 175.000 to each other member of the board of directors who are not employees in the company. Remuneration to the auditor, Öhrlings PricewaterhouseCoopers, will be on approved account.
Resolution regarding the nomination committee and guidelines for remuneration and other terms of employment for the group management
The AGM resolved to approve the proposed instructions for the nomination committee and the board of directors’ proposal regarding guidelines for remuneration and other terms of employment for the group management.
For more information, please contact:
Lars Berg, Chairman of the Board, Net Insight AB
Phone: +46 8 685 04 69, e-mail email@example.com
Fredrik Trägårdh, CEO, Net Insight AB.
Phone: +46 8 685 04 00, e-mail: firstname.lastname@example.org
Net Insight AB discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on April, 2012 at 12.30 CET.
About Net Insight
Net Insight delivers the world’s most efficient and scalable transport solution for Broadcast and IP 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.
More than 150 world class customers run mission critical video services over Net Insight products in over 50 countries. Net Insight is quoted on the NASDAQ OMX, Stockholm.
For more information, visit www.netinsight.net