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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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