STOCKHOLM, Sweden, May 2, 2002 (PRIMEZONE) -- The Annual General Meeting of Observer AB held today approved a dividend of SEK 0.45 per share. The record date is May 7 and the dividend is expected to be paid on May 13.
The Annual General Meeting authorized the Board of Directors, until the company's Annual General Meeting in 2003, to decide on the issue of not more than 2,000,000 new shares in the company. The issues in question may deviate from the shareholders' preferential rights to subscribe for new shares. The Board may decide that the shares may be subscribed in return for non-cash consideration or offsets, according to the terms in chapter 4 # 6 of the Swedish Companies Act. The authorization may be utilized, within the above-mentioned parameters, on one or more occasions. The reason for the deviation from the shareholders' preferential rights is that the new shares will be used to acquire operations or companies.
The Annual General Meeting reelected Board members Orjan Hakanson, Maria Lilja, Hakan Bryngelson, Ulf Ivarsson, Hans Tson Soderstrom and the company's president, Robert Lundberg. Orjan Hakanson was reelected Chairman at the statutory Board meeting.
Observer AB (publ)
For further information, please contact:
Per Blixt, Senior VP Corporate Communications, telephone: +46 8 507 410 12/+46 70 549 28 08, e-mail: per.blixt@observergroup.com
About Observer AB
Observer AB, quoted on the O-list (Attract 40) of Stockholmsborsen, is active in business and communication intelligence, offering media and market monitoring, analysis and communication evaluations as well as target group identification and distribution of information for PR and IR purposes. Observer AB has a turnover of nearly SEK 1,900 million on an annual basis, with around 2,700 employees in the U.S., the UK, Sweden, Canada, Germany, Norway, Finland, Denmark, Portugal, Ireland, Estonia, Latvia, and Lithuania.
This press release is also available online at: www.observergroup.com
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http://www.waymaker.net/bitonline/2002/05/02/20020502BIT01200/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/02/20020502BIT01200/wkr0002.pdf