STOCKHOLM, Sweden, March 3, 2004 (PRIMEZONE) -- At the Annual General Meeting, to be held March 24, 2004, the following proposal presented by the nominating committee will be submitted for election of the members of the Board of Directors, the number of directors and compensation to the Board of Directors.
Number of directors Seven directors and no deputies. Compensation to the Board of Directors The fee proposed to the Chairman of the Board is SEK 325,000. The fee proposed to individual board members is SEK 135,000. Election of the Members of the Board of Directors Kjell Nilsson is proposed as Chairman of the Board. Re-election of Martha Josefsson, Lars Gronberg, Raj Raithatha and Tomas Franzen as members of the Board. Election of Bo Wahlstrom, born 1949, Chairman of the Board of Metroland BV. Election of Martin Svalstedt, born 1963, managing director of Stena Adactum AB and board member of Ballingslov Int. and Gunnebo AB. Chairman of the Board Roger Holtback has declined re-election due to extensive work required by other assignments and commitments. Shareholders who jointly represent more than 10 percent of the voting rights for all shares in the company have declared their intention to vote for the proposal. Song Networks Holding AB is listed on Stockholmsborsen (SONW). For information, please contact: Song Networks Holding AB Song Networks Holding AB Tomas Franzen, CEO Jenny Moquist, IR Manager Tel: +46 8 5631 01 11 Tel: +46 8 5631 02 19 Mobile: +46 701 81 01 11 Mobile: +46 701 810 219 E-mail: E-mail: tomas.franzen@songnetworks.net jenny.moquist@songnetworks.net
About Song Networks, (Stockholmsborsen:SONW)
Song Networks is a data and telecommunications operator with activities in Sweden, Finland, Norway and Denmark. The Company's business concept is to offer the best broadband solution for data communication, Internet and voice to businesses in the Nordic region. The Company was founded in 1995 in Sweden and has approximately 840 employees. The head office is located in Stockholm and the Company has 23 offices located in the Nordic region. www.songnetworks.net
Certain statements contained in this press release contain "forward- looking statements" within the meaning of the U.S. federal securities law. Such statements are based on the current expectations of the management of Song Networks Holding AB only, and performance is subject to risks, uncertainties and other factors that could cause actual results to differ materially from these statements. Such risks include, but are not limited to, adverse regulatory, technological or competitive developments; decline in demand for the company's services or products; inability to timely develop, introduce and market new technologies, products and services; pricing pressures resulting from competition; unforeseen construction delays; and the inability to successfully manage systems failures or shutdowns and service interruptions or reduced services to customers.
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http://www.waymaker.net/bitonline/2004/03/03/20040303BIT00740/wkr0001.doc
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