Global IP Solutions: New Share Capital Registered
San Francisco — March 18, 2010 — Global IP Solutions (GIPS) Holding AB (PUBL) announced today that, further to the stock exchange notices of March 4 and March 10, 2010, the new share capital following the company’s rights offering has been registered in the Swedish Register of Business Enterprises, managed by Bolagsverket.
The new share capital is SEK 9,714,207.90 divided into 32,380,693 shares, each with a nominal value of SEK 0.30. Each share carries the right to cast one vote in the company’s general meeting.
The new shares will be transferred to the subscribers’ accounts with the Norwegian Central Securities Depository (VPS) and the Swedish Central Securities Depository (VPC) on or about March 19, 2010 and will be listed on the Oslo Stock Exchange the same date.
ABG Sundal Collier Norge ASA is acting as manager for the rights offering.
The new share capital is SEK 9,714,207.90 divided into 32,380,693 shares, each with a nominal value of SEK 0.30. Each share carries the right to cast one vote in the company’s general meeting.
The new shares will be transferred to the subscribers’ accounts with the Norwegian Central Securities Depository (VPS) and the Swedish Central Securities Depository (VPC) on or about March 19, 2010 and will be listed on the Oslo Stock Exchange the same date.
ABG Sundal Collier Norge ASA is acting as manager for the rights offering.
Important notice
Not for release, publication or distribution in Australia, Canada, Japan, the United Kingdom or the United States or elsewhere where such dissemination or distribution is not appropriate or lawful. This announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company (the "Securities") in Australia, Canada, Japan, the United Kingdom, the United States or in any other jurisdiction. The Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The issuer of the Securities has not registered, and does not intend to register, any of the Securities or the new shares to be issued in the Rights Offering in the United States, and does not intend to conduct a public offering of the Securities in the United States.
About Global IP Solutions
Global IP Solutions (Oslo Børs: GIPS) provides best-in-class voice and video processing in IP communications. GIPS enables its customers to deliver unmatched quality, with a faster time-to-market and with less risk than alternative solutions. GIPS serves application developers, wired and wireless service providers and network and telecommunications equipment vendors. Its customer list includes ANET, AOL, Cisco, Citrix, CommuniGate, fg microtec, KT Networks, Nimbuzz, Nortel, Oracle, PCCW, Samsung Yahoo! and other key players in the voice and video over IP markets. The company is headquartered in San Francisco with offices in Stockholm, Boston and Hong Kong. For more information, visit www.gipscorp.com
Not for release, publication or distribution in Australia, Canada, Japan, the United Kingdom or the United States or elsewhere where such dissemination or distribution is not appropriate or lawful. This announcement does not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company (the "Securities") in Australia, Canada, Japan, the United Kingdom, the United States or in any other jurisdiction. The Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The issuer of the Securities has not registered, and does not intend to register, any of the Securities or the new shares to be issued in the Rights Offering in the United States, and does not intend to conduct a public offering of the Securities in the United States.
About Global IP Solutions
Global IP Solutions (Oslo Børs: GIPS) provides best-in-class voice and video processing in IP communications. GIPS enables its customers to deliver unmatched quality, with a faster time-to-market and with less risk than alternative solutions. GIPS serves application developers, wired and wireless service providers and network and telecommunications equipment vendors. Its customer list includes ANET, AOL, Cisco, Citrix, CommuniGate, fg microtec, KT Networks, Nimbuzz, Nortel, Oracle, PCCW, Samsung Yahoo! and other key players in the voice and video over IP markets. The company is headquartered in San Francisco with offices in Stockholm, Boston and Hong Kong. For more information, visit www.gipscorp.com
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