STOCKHOLM, Sweden, April 17, 2003 (PRIMEZONE) -- Modern Times Group MTG AB (Nasdaq:MTGNY) (Stockholm:MTGa) hereby invites shareholders in Modern Times Group MTG AB to the Annual General Meeting of shareholders on Thursday, May 15, 2003 at 9:30am CET at Gamla Stans Bryggeri, Tullhus 2, Skeppsbron, Stockholm.
NOTIFICATION
Shareholders who wish to participate at the Annual General Meeting shall
- have entered in the register of shareholders maintained by VPC AB (the Swedish Securities Register Center) on Monday 5 May 2003.
- notify the company of their intention of participating by no later than on Friday 9 May 2003 at 1.00pm CET. The notification shall be made on the company's website, www.mtg.se, or in writing to the company:
Modern Times Group MTG AB P.O. Box 2094 SE-103 13 Stockholm, Sweden or by telephone +46-33-724 12 67.
When giving notice of participation, the shareholder should state name, personal identification number (or company registration number), address, telephone number, shareholdings and any advisors attending. Shareholders who wish to be represented by a representative shall submita written power of attorney giving authorisation to a specific persontogether with the notice of participation. Written notifications shouldbe marked "AGM".
Shareholders whose shares are registered in the names of nominees must temporarily re-register the shares in their own name in order to beentitled to participate in the Meeting. In order to be entered in theregister of shareholders by Monday 5 May 2003, shareholders must requesttemporary re-registration a sufficient number of working days beforethis date.
PROPOSED AGENDA
1. Election of Chairman of the Meeting.
2. Preparation and approval of the voting list.
3. Approval of the agenda.
4. Election of one or two persons to check and verify the minutes.
5. Determination of whether the Meeting has been duly convened.
6. Presentation of the annual report and auditors' report and of
the consolidated financial statements and the report of the
auditors on the consolidated financial statements.
7. Decision on the adoption of the income statement and balance
sheet and of the consolidated income statement and the
consolidated balance sheet.
8. Decision on the proposed treatment of the company's
unappropriated earnings or accumulated loss as stated in the
adopted balance sheet.
9. Decision on the discharge of liability of the members of the
Board of Directors and the Managing Director.
10. Determination of the number of members and deputy members of
the Board of Directors and the number of auditors and deputy
auditors.
11. Determination of the fees of the members of the Board of
Directors and the auditors.
12. Election of the members and deputy members of the Board of
Directors.
13. Election of auditors and deputy auditors.
14. Proposal from the shareholder, The Swedish Shareholders'
Association, that the Meeting shall:
(a) elect a nomination committee;
(b) authorise the Board of Directors to elect a
remuneration committee; and
(c) authorise the Board of Directors to elect an audit committee.
15. Closure of the Meeting.
DIVIDEND
The Board of Directors proposes no dividend payment for the fiscal year 2002.
BOARD OF DIRECTORS AND AUDITORS
It is proposed that Asger Aamund, David Chance, Lars-Johan Jarnheimer, Stig Nordin and Pelle Tornberg shall be re-elected Board members and that Cristina Stenbeck shall be elected new member of the Board of Directors. It is proposed that Lars Traff shall be re-elected auditor and that Erik Astrom shall be re-elected deputy auditor. At the Annual General Meeting 2002, Carl Lindgren was elected auditor and Bjorn Flink was elected deputy auditor for a period of four years. The above proposals are supported by shareholders representing more than 50 per cent of the votes in the company.
For further information, please visit www.mtg.se, email info@mtg.se, or contact: Hans-Holger Albrecht, President & CEO tel: +46 (0) 8 562 000 50 Matthew Hooper, Investor & Press Relations tel: +44 (0) 20 7321 5010
Modern Times Group is a leading vertically integrated media group with broadcasting, production, content and media services businesses, operating in more than 30 countries around the world. MTG is the largest Free-and Pay- TV operator in the Nordic & Baltic region, and also has Free-TV operations in Russia and Hungary. MTG is the largest commercial radio broadcaster in Northern Europe, the global market leader in DVD subtitling and dubbing, and a leading international Reality-TV production house.
MTG's 'A' and 'B' shares are traded on the Stockholmsborsen 'O-list' and its 'B' share ADRs are listed on Nasdaq.
This press release contains certain "forward-looking statements" with respect to our expectations and plans, strategy, management's objectives, future performance, costs, revenues, earnings and other trend information. It is important to note that our actual results in the future could differ materially from those anticipated in forward- looking statements depending on various important factors. Please refer to the documents we have filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including our most recent annual report on Form 20-F, for a discussion of certain of these factors.
All forward-looking statements in this press release are based on information available to us on the date hereof. All written or oral forward-looking statements attributable to Modern Times Group, any Modern Times Group members or persons acting on our behalf are expressly qualified in their entirety by the factors referred to above. We do not intend to update these forward-looking statements.
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http://www.waymaker.net/bitonline/2003/04/17/20030416BIT01760/wkr0002.pdf