KUNGSBACKA, Sweden, April 27, 2004 (PRIMEZONE) -- "Elanders is ready for continued expansion," said the CEO in his speech to the Annual General Meeting.
The Annual General Meeting, led by Chairman of the Board Carl Bennet, decided the following:
- adopt the annual accounts for 2003 - confirm the decision of the board to distribute a dividend for 2003 of SEK 1 per share and that the record date for the payment of dividends be 30 April 2004 - discharge the members of the board and the chief executive officer from liability for the financial year 2003 - grant, according the proposal in the summons to attend, the board a remuneration of a total of SEK 1,575,000 to be divided among the members for the financial year 2003 and grant remuneration to the auditors as billed appoint, according the proposal in the summons to attend, the following members to the board until the next annual general meeting is held in 2005: Carl Bennet (re-election) Erik Gabrielson (re-election) Ingegerd Green (re-election) Patrick Holm (CEO) (re-election) Gunilla Jonson (re-election) Per-Olof Sjoberg (re-election) Johan Stern (re-election) Tore Aberg (re-election) Willi Persson has declined re-election. - appoint, according the proposal in the summons to attend, the following members to the nomination committee: Carl Bennet, Carl Bennet AB Gustaf Douglas, Investment AB Latour Goran Erlandsson, representative for the small shareholders Mats Gustafsson, SEB Funds Caroline af Ugglas, Skandia Liv - confirm the proposal of the board to enter a change into the articles of association that the company is registered in Harryda Municipality.
CEO Patrick Holm said in his speech to the annual general meeting that Elanders has excellent prospects for the future, particularly pertaining to full-service solutions for publishing to large industrial groups within the framework of the Master Vendor concept. He gave several examples of the Group's current and potential expansion in Sweden and internationally. Holm emphasised that the forecast for 2004 of improvement in turnover and pre-tax profits compared with 2003 as well as a continued positive cash flow, is still realistic.
After the annual general meeting the board held its first meeting at which Carl Bennet was appointed chairman of the board and Per-Olof Sjoberg vice chairman of the board.
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-0- Carl Bennet Patrick Holm Chairman of the Board President & CEO Elanders AB Elanders AB Tel. +46 300-500 00 Tel. +46 300-50 000 Mbl. +46 708 21 0 410