PROPOSALS OF STONESOFT CORPORATION’S LARGEST SHAREHOLDER TO THE EXTRAORDINARY GENERAL MEETING TO BE HELD ON 13 AUGUST 2013
STONESOFT CORPORATION STOCK EXCHANGE RELEASE 23 July 2013 at 11.15 A.M.
Stonesoft Corporation (“Stonesoft”) has convened an Extraordinary General Meeting of shareholders to be held on 13 August 2013 at 3:00 pm at the company headquarters at Itälahdenkatu 22 A, 00210 Helsinki, Finland. The notice to the meeting was published through a stock exchange release and on the company’s website on 5 July 2013.
McAfee Suomi Funding LLC (“McAfee”) that following the completion of McAfee’s public tender offer for all the shares and option rights in Stonesoft represents more than 95 percent of all the shares and voting rights in Stonesoft, has notified the company’s Board of Directors of the following proposals to the Extraordinary General Meeting:
McAfee will propose to the Extraordinary General Meeting that the number of the members of the Board of Directors would be fixed to three (3). McAfee will further propose that the current members of the Board of Directors of Stonesoft will be replaced with the following persons to be elected as new members of the Board of Directors: Daniel F. Vaughn, Louis Riley and John Kearns.
The nominees are all representatives of McAfee Inc. in the following positions: Daniel F. Vaughn as Senior Director and M&A Counsel, Louis Riley as Senior Vice President and General Counsel and John Kearns as Director Finance, EMEA. Mr. Vaughn and Mr. Riley are US citizens and Mr. Kearns is an Irish citizen. The nominees have given their consent to the election.
McAfee will further propose that no remuneration would be paid to the members of the Board of Directors.
23 July 2013
For further information, please contact:
CFO, Stonesoft Corporation
Tel. +358 9 476 711
NASDAQ OMX Helsinki Ltd