Annual General Meeting Report 2012

BV Acquisitions AB (“BV Acquisitions”), a company controlled by Battery Ventures IX (AIV II), L.P., (“Battery”), announced on March 26, 2012 a recommended cash offer to the shareholders and warrant holders in Jeeves Information Systems AB (publ) (“Jeeves”) to acquire all outstanding shares and warrants in Jeeves. During the initial acceptance period the offer has been accepted to the extent that BV Acquisitions will hold shares, representing approximately 97 percent of the total number of shares and votes and warrants representing approximately 99 percent of the total number of outstanding warrants in Jeeves. All conditions for the offer have therefore been fulfilled and BV Acquisitions has declared the offer wholly unconditional on May 10, 2012.

With this in mind, the most essential resolutions of the Annual General Meeting on May 15, 2012 were the following:

Dividend
The Annual General Meeting resolved that no dividend should be paid for the fiscal year 2011.

Election of the board
The Annual General Meeting resolved to elect R. David Tabors, Richard Paul Smith, Morad Elhafed and Jesper Gustafsson as board members and to elect R. David Tabors as chairman of the board.

Other resolutions
The Annual General Meeting resolved not to approve the suggestions to authorize the Board to decide regarding the Company’s repurchasing of its own shares or to decide about the issue of new shares.

The information in this report is information that Jeeves is required to publish under the Swedish Securities Markets Act. The information was submitted for publication at 8.30 am on May 16, 2012.

Jeeves Information Systems AB (publ)

 

About Jeeves 
Jeeves Information Systems AB (Jeeves) develops ERP systems for small and midsized companies. Each day, more than 4,000 companies in more than 40 countries use one of Jeeves’ ERP systems: Jeeves Selected, Jeeves Universal or Garp. These ERP systems are easy to use and customize to each company's specific needs, while enabling continuous development of business support. The head office is located in Stockholm, Sweden, and Jeeves’ shares have been listed on the NASDAQ OMX Nordic Exchange (Small Cap) since 1999. For more information, go to www.jeeves.se