Reading time ( words)
Helsinki, Finland -- Elcoteq Network Corp. shareholders are invited to attend the Annual General Meeting scheduled to take place at 2 p.m. on Wednesday, March 26, 2003.
The meeting will be held in the ballroom of the Scandic Hotel Continental, Mannerheimintie 46-48, Helsinki. Registration of participants and distribution of voting coupons will begin at 1 p.m.
The agenda will contain the following items:
- The standard business stated in §16 of the Articles of Association.
- The Board of Directors' proposal that the Board be authorized to float one or several convertible bond loans and/or to issue stock options and/or to raise the share capital in one or several installments through a rights issue within one year from the Annual General Meeting.
Copies of the documents related to the financial statements and the proposals of the Board of Directors will be on display for shareholders from 9 a.m. on Tuesday, March 18, 2003, at the company's corporate office, Sinimaentie 8B, Espoo. Copies of the documents will be mailed to shareholders upon request.
Shareholders who are entered in the company's shareholder register maintained by the Finnish Central Securities Depository Ltd. at the latest on Friday, March 14, 2003, shall have the right to participate in the Annual General Meeting.
The Board of Directors has decided to propose to the meeting that a dividend of EUR 0.40 per share be distributed on the financial year January 1 through December 31, 2002. The dividend approved by the meeting will be paid to shareholders registered in the company's shareholder register maintained by the Finnish Central Securities Depository Ltd. on the record date, March 31, 2003. The dividend payment date is April 7, 2003.
For more information on Elcoteq Network Corp., visit www.elcoteq.com.