STOCKHOLM, Sweden, May 30, 2002 (PRIMEZONE) -- At Skandia's Extraordinary General Meeting on 29 May 2002 it was decided to approve the Board's proposal for a stock option programme for the Skandia group for the year 2003, and in connection with this, the Board's proposal to carry out a directed issue of a promissory note with a nominal value of SEK 3,000,000, with 13,333,300 detachable warrants to subscribe for new shares in Skandia Insurance Company Ltd. If the warrants are exercised, the company's share capital will increase by a maximum of SEK 13,333,300.
The decision was supported by shareholders holding more than 90 per cent of the shares voted as well as all shares present or represented at the meeting.
For further information:
Carl-Henrik Knutsson, Communication Manager, Skandia, tel. +46-8-788 42 27, or +46-70-569 42 27
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