STOCKHOLM, Sweden, May 5, 2004 (PRIMEZONE) -- The Annual General Meeting of Observer AB on Tuesday, May 4, 2004 approved a dividend of SEK 0.45 (0.45) per share. The record date is May 7 and the dividend is expected to be paid on May 12, 2004.
Board of Directors
The Annual General Meeting reelected Board members Orjan Hakanson, Maria Lilja, Ulf Ivarsson, Hakan Bryngelson, Pia Gideon and Robert Lundberg, and elected as a new member Per-Eric Fylking. Orjan Hakanson was elected Chairman at the statutory Board meeting.
The Annual General Meeting in 2003 elected the accounting firm Ernst & Young AB as auditor, with Lars Traff as chief auditor, for the period until the Annual General Meeting in 2007.
Authorization for share issue
The Annual General Meeting authorized the Board of Directors, until the company's Annual General Meeting in 2005, to decide on the issue of not more than 4,000,000 new shares in the company. The issue may deviate from the shareholders' preferential rights to subscribe for new shares. The reason for the deviation from the shareholders' preferential rights is that the new shares will be used to acquire operations or companies.
Observer AB (publ)
Observer AB, quoted on the Attract 40 section of Stockholmsborsen's O-list has approximately 25,000 shareholders.
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http://www.waymaker.net/bitonline/2004/05/05/20040505BIT20100/wkr0006.pdf
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