FreeSoft Plc.'s 2010 Annual General Meeting Proposal
FreeSoft Plc. (1037 Budapest, Montevideo u. 8.) informs its investors and the participants of the financial and capital market, that a shareholders proposal was submitted to be placed on the agenda of FreeSoft Plc.'s Annual General Meeting of 15th April 2010. Management Board hereby publishes the modified (Agenda Item 11. - "Authorization of Board of Directors to issue convertible loans") Annual General Meeting Invitation, and the proposal described below.
New Item: Authorization of Board of Directors to issue convertible loans.
Proposal: At present FreeSoft Plc.'s Board of Directors have the authorization to increase capital privately, but only at a price that exceeds the maximum price of the previous issue at least 10 percent - that is at least HUF 3700. This price isn't really attractive regarding present market prices, thus it would be difficult to finance any - incidentally emerging - promising acquisition possibility by increasing capital. Therefore I suggest that General Meeting authorize Board of Directors to issue convertible loans privately to finance acquisitions provided the conversion rate of loans will be higher than HUF 3700.
Previous proposals of the Company's Annual General Meeting of 15th April 2010 are available since 2nd April 2010, this proposal is available since 7th April 2010 in the headquarter of the FreeSoft Plc. (1037 Budapest, Montevideo u. 8.) between 9:00 and 16:00 on business days, on the website of the FreeSoft Plc. (www.freesoft.hu), on the website of the Budapest Stock Exchange (www.bet.hu), and at the location of the General Meeting from the start of the registration (15th April 2010 13:00).
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