KLIPPAN, Sweden, March 25, 2002 (PRIMEZONE) -- The shareholders in Klippan AB, organization No. 556360-1821, are invited to the annual general meeting to be held on Thursday, April 25, 2002 at 4 p.m. at Flustret, Storgatan 83, Lessebo.
Entitlement to participate
Shareholders who are both entered in the shareholder list held by VPC AB on Monday, April 15, 2002 and who have notified the company of their intention to participate in the meeting at the latest by 12 noon on Friday, April 19, 2002 are entitled to participate in the annual general meeting.
Notice
Written notice may be sent to the address Klippan AB, Attention Beryl Sten, SE-264 23 Klippan, Sweden. Notice may also be given by telephone to Beryl Sten, +46(0)435-292 03, alternatively via the switchboard, +46(0)771 11 00 00, or by fax +46(0)435-109 92, or by e-mail: beryl.sten@klippan-paper.se
The notice should state name, personal or organization number, address, telephone number and registered shareholding. Notice of any proxy participant should be given at the same time.
Only owner-registered shareholdings are shown under the shareholder's name in the shareholder list. Nominee shareholders must temporarily re-register their shares in their own names with VPC by Monday, April 15, 2002 at the latest to enable them to participate in the annual general meeting. Such requests should be made in good time to the manager of the shares.
PROPOSED AGENDA
1. Opening of the meeting
2. Election of chairman for the meeting
3. Drawing up and approval of voting list
4. Approval of the Board's proposed agenda
5. Election of one or two minute checkers
6. Consideration of whether proper notice of the annual general
meeting has been given
7. President's speech
8. Presentation of the annual accounts and audit report as well
as group accounts and group audit report
9. Decisions regarding:
a) adoption of the income statement and balance sheet and the
group income statement and group balance sheet
b) appropriation of the company's profit or loss according to
the adopted balance sheet
Dividend
Proposal: Dividend for 2001 of SEK 1 per share to be paid to
shareholders. The record day for the right to receive dividend is
proposed as Tuesday, April 30, 2002. Payments via VPC are expected
to be effected on Monday, May 6, 2002.
c) discharge from liability for the Board of Directors and the
President
10. Determination of the number of Board members and deputies
Proposal: Board members to remain at eight in number. The number of
deputies to remain at three.
11. Determination of fees for the Board and the auditors
Proposal: Fees to the Board to be paid in a fixed amount of SEK
880 000, to be divided by the Board between the Board members and
the deputies elected by the annual general meeting. Members/deputies
employed by the company shall not be paid a fee.
Fees to auditors to be paid as per invoice.
12. Election of Board
Proposal: Re-election of the members Jan Bernander, Bertil
Bernadotte, Ulf Ek, Bjorn Gillberg, Tommy Kullberg, Stefan Lersten,
Lennart Laftman and Kjell Svensson. Re-election is also proposed for
the deputies Gunnar Bergstrand, Alan Walker and Bengt Ostensson.
13. Election of nomination committee
Proposal: Re-election of the members Jan Bernander (convener),
Lars-Ake Helgesson and Goran Sundstrom.
14. Decision regarding authorization for the Board to acquire its
own shares in the company
Proposal: The Board's proposal entails mainly that the Board be
authorized to make a decision to acquire, before the next annual
general meeting, at most so many shares that the company's holding
at any time does not exceed 10 percent of all the shares in the
company. The acquisition shall be made via the OM Stockholm stock
exchange. The aim of the repurchase is to give the Board increased
scope for action in its work of creating value for the company's
shareholders.
15. Decision regarding approval of the Board's proposal regarding
a new issue with priority right for the shareholders to
subscribe to shares
Proposal: The Board's proposal entails in short that the company's
share capital shall increase by at most SEK 10,333,330 through the
issue of at most 2,066,666 new shares, each with a nominal value of
SEK 5. The new shares shall be issued at a price of SEK 20 per share
and be subscribed to with priority for shareholders, whereby a
holding of three existing shares gives entitlement to subscribe to
one new share. The Board to be authorized to make a decision
regarding the time limit for subscribing to shares and in
conjunction with this to determine a record day for determining
which shareholders are entitled to subscribe to new shares.
16. Any other business
17. Closing of the meeting
The company has been informed that shareholders representing about 36% of all the votes in the company will be supporting the above proposals.
Tour of Lessebo Mill
In conjunction with the annual general meeting, a guided tour of Lessebo Mill will be given. The tours start at 1:30 pm and participants are asked to gather at the factory gate, Storgatan 79 in Lessebo. After the tour, light refreshments will be served at the Hand Paper Mill. Please notify your interest to participate in the tour when you give notice to attend the meeting.
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The following files are available for download:
http://www.waymaker.net/bitonline/2002/03/25/20020325BIT00910/wkr0001.doc
http://www.waymaker.net/bitonline/2002/03/25/20020325BIT00910/wkr0002.pdf