Mandrakesoft: Shareholder meeting for a transfer to a regulated market

Flash:  Shareholder meeting for a transfer to a regulated market

A general shareholder meeting is scheduled for September 13, 2004.

At the meeting, the following points will be put up to vote:

- To authorize the board to transfer the company to a regulated market
and to delegate authority, as necessary, both to effect the transfer and
to realize operations on this market.
- To direct the board to proceed with a privately placed increase in
reserved capital prior to the above transfer, for a maximum of 1 million
shares at a price between 6 and 6.5 euros per share before December 31,
2004.  The purpose of this capital increase is to improve the balance
sheet of the company to the level required by a regulated market.  To
simplify the process, the sale of shares will be limited to large
existing shareholders.
- To direct the board to finalize the acquisition of Edge IT.

The increase in capital and transfer to a regulated market will give
Mandrakesoft the means to continue its growth strategy both internally
and through mergers and/or acquisitions.  Being listed on a regulated
market is conducive for mergers and/or acquisitions by the exchange of
shares.

More investors news:
http://www.mandrakesoft.com/company/investors

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