STOCKHOLM, Sweden, April 28, 2004 (PRIMEZONE) -- Autoliv Inc. (NYSE:ALV) (SSE:ALIV) -- the worldwide leader in automotive safety systems -- announced the following:
Dividend
At a board meeting, the Board of Directors declared a dividend of 20 cents per share of common stock. This dividend is payable on September 9, 2004 to all shareholders of record at the close of business on August 12, 2004. The Ex-date when the shares will trade without the right to the dividend is August 10.
Shareholders Meeting
The Company also held its Annual General Meeting (AGM) of Shareholders. Proxies from Share-holders were received in sufficient quantity to approve the proposals that came before the shareholders' meeting.
This means that Per-Olof Aronson, Walter Kunerth and Lars Westerberg were re-elected directors of the corporation for a regular three-year term. Mr Dionisio Garza Medina, whose present term also expired at the 2004 Annual Meeting, had previously announced that he would not stand for re-election. Ernst & Young AB was ratified as Autoliv's independent auditing firm for the fiscal year ending 2004.
Furthermore, Autoliv's Stock Incentive Plan was amended to reserve an additional 2 million shares of common stock for issuance under the Plan.
Standing Committees The Board re-elected the members to the the Compensation Committee and the Audit Committee. The Nominating & Corporate Governance Committee was reduced in size from ten to five members. Re-elected to this committee were Per-Olof Aronson, James M. Ringler, S. Jay Stewart, Roger W. Stone and Per Welin. All committees continue to consist of independent directors exclusively.
Inquiries: Mats Odman, Dir. Corp. Comm., Tel. +46 (8) 58 72 06 23, or mob. +46 (708) 32 09 33 Patrick Jarboe, Director Investor Relations, Tel. +1 (248) 475-0407
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