STOCKHOLM, Sweden, April 27, 2005 (PRIMEZONE) -- Alfa Laval's Annual General Meeting was held today at Scandic Hotel Star in Lund, Sweden, and was attended by approximately 300 persons.
Alfa Laval's CEO and President Lars Renstrom, reported in his speech among others about the Group's geographical coverage and repeated the Company's financial goals. CEO Lars Renstrom's speech is available on "www.alfalaval.com/investors".
Dividend
The Meeting approved the Board's proposal regarding a dividend of 4:75 SEK. May 2, 2005 was approved as record date to receive the dividend and payment of the dividend is estimated to occur through Vardepapperscentralen VPC AB on May 6, 2005.
The Board of Directors
Lars Renstrom and Bjorn Hagglund, Vice President of Stora Enso, were elected as new members of the Board of Directors. They are replacing Bjorn Saven and Christian Salamon, who both have rejected re-election. All other members of the Board were re-elected, which means that the Board of Director's now consists of Gunilla Berg, Bjorn Hagglund, Anders Narvinger, Lena Olving, Finn Rausing, Jorn Rausing, Lars Renstrom and Waldemar Schmidt. The General Meeting elected Anders Narvinger as Chairman of the Board.
Nomination committee
The Meeting also decided that there shall be a nomination committee to prepare and make proposals to the Annual General Meeting regarding the election of members of the Board of Directors and, if applicable, auditors and remuneration to the board and the auditors. The nomination committee shall comprise five members among the five largest shareholders at the close of the third quarter. The Board Chairman shall at the end of the third quarter contact the five largest shareholders in the company, which then have the right to appoint the members to the nomination committee. In addition, the nomination committee may decide that the Board Chairman shall be a member of the committee. The Chairman of the nomination committee must be an owner representative. The Board Chairman or any member of the Board of Directors may not be Chairman of the nomination committee. Information about the composition of the nomination committee shall be announced publicly in the Company's third-quarter interim report and on the Company's homepage latest six months ahead of the ordinary General Meeting.
For further information:
Mikael Sjoblom Alfa Laval Group Investor Relations Manager Tel: +46 46 36 74 82 Mobil: +46 709 78 74 82 mail to:mikael.sjoblom@alfalaval.com
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The following files are available for download: http://wpy.waymaker.net/client/waymaker1/WOLReleaseFile.aspx?id=93078&fn=wkr0001.pdf Summary of Alfa Lavals AGM 2005
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