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Technology Stocks : Insignia Solutions (INSG)
INSG 10.11-1.7%3:59 PM EST

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To: Bert Zed who wrote (902)3/7/1999 5:22:00 PM
From: DIY Investor  Read Replies (1) of 1606
 
Stock Plan Approved in April 1998

Bert, there was a shareholder approval on adding more shares to the employee stock plan last year. It was approved on April 21, 1998. Here is what was voted upon:

5. To consider the following Ordinary Resolution: "THAT the Company's 1995
Employee Share Purchase Plan be amended so that the reference to "two hundred
seventy-five thousand (275,000) of the Company's ordinary shares" in Section 1
thereof be substituted by a reference to "five hundred twenty-five thousand
(525,000) of the Company's ordinary shares."

It would seem that to do another amendment, it would need to be given to the shareholders for voting.
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