latest news releases from the newsroom
PolyOne Annual Stockholders Meeting May 15, 2003
CLEVELAND, May 6, 2003 (PRIMEZONE) -- PolyOne Corporation (NYSE:POL), a leader in polymer compounding and related services, will hold the annual meeting of stockholders on Thursday, May 15, 2003 at 9 a.m. ET at The Forum Conference and Education Center, One Cleveland Center, 1375 East 9th Street, Cleveland, Ohio 44114. The meeting will be webcast through the company's website www.polyone.com. The replay of this webcast will available Thursday, May 15, 2002 at noon, ET and will remain active for 30 days.
Volvo Renews Personnel Stock Options Program
GOTEBORG, Sweden, May 6, 2003 (PRIMEZONE) -- The Board of Volvo (Nasdaq:VOLVY) (Other OTC:VOLVF)(Other OTC:VOLAFK) has decided to again renew the personnel stock options program established in 2000, and renewed in 2001 and 2002, and through which senior executives in the Volvo Group are allotted options on B shares in AB Volvo. Precisely as previously, the program is earnings oriented. The renewed program, just as last year's program, involves approximately 150 senior executives. The allotment can be a maximum of 1,135,000 options, of which the CEO and President Leif Johansson may receive a maximum of 50,000 options. The size of the allotment is determined by how well certain financial goals for 2003 are achieved. It is expected that the options will be allotted in April or May 2004. The lifetime of the options is five years and the options may be exercised during the last two years, whereby one option carries the right to acquire one B share in AB Volvo at an exercise price that will correspond to 100% of the share price at the time of the allotment. For persons not domiciled in Sweden, each option carries the right to receive a cash amount corresponding to the difference between the actual share price at the time of exercise and the exercise price.