Investment AB Kinnevik (publ) today announced that the Company's
Annual General Meeting (AGM) held today voted to support all of the
resolutions proposed to the AGM.
The AGM re-elected Cristina Stenbeck, Vigo Carlund, Wilhelm
Klingspor, Erik Mitteregger and Stig Nordin and elected Allen
Sangines-Krause as directors of the Board. The AGM further appointed
Cristina Stenbeck to be the Chairman of the Board of Directors.
The AGM resolved in accordance with the proposal from the Board of
Directors to distribute a cash dividend to the shareholders for 2006
of SEK 1.70 per share. The record date for the dividend is to be
Tuesday 15 May 2007 and it is expected that the dividend will be
distributed by VPC on Monday 21 May 2007.
The AGM also resolved to:
* authorise the Board of Directors to pass a resolution for the
period up until the next Annual General Meeting on repurchasing
so many Class A and/or Class B shares that the Company's holding
does not at any time exceed 10 per cent of the total number of
shares in the Company. The repurchase of shares shall take place
on the Stockholm Stock Exchange.
* amend the share capital limits in the Articles of Association to
facilitate redemption of any repurchased shares.
* approve the following procedure for preparation of the election
of the Board of Directors. The work of preparing a proposal on
the directors of the Board of the Annual General Meeting of 2008
shall be performed by a Nomination Committee. Cristina Stenbeck
will be a member of the Committee and will also act as its
convenor. The Nomination Committee, which will consist of at
least three members representing the largest shareholders of the
Company, will be formed during September 2007 in consultation
with the largest shareholders in the Company at that time. The
Nomination Committee is elected for a term of one year. The
composition of the Committee will be communicated in the
Company's interim report for the third quarter of 2007.
At the constituent meeting of the Board of Directors following the
AGM, an Audit Committee and a Remuneration Committee were appointed.
Erik Mitteregger was appointed as Chairman of the Audit Committee and
Wilhelm Klingspor and Stig Nordin were appointed members of the Audit
Committee. Wilhelm Klingspor was appointed Chairman of the
Remuneration Committee and Cristina Stenbeck and Erik Mitteregger
were appointed members of the Remuneration Committee.
For further information, visit www.kinnevik.se or contact:
Mia Brunell, Chief Executive Officer +46 (0) 8 562 000 00
Henrik Persson, Investor relations +46 (0) 8 562 000 87
Investment AB Kinnevik's objective is to increase shareholder value,
primarily through net asset value growth. The Parent Company manages
a portfolio of long-term investments in a number of listed companies
such as Tele2, Modern Times Group MTG, Millicom International
Cellular, Metro International and Transcom WorldWide. Kinnevik plays
an active role on the Boards of its listed holdings.
The Company's subsidiaries are principally active in cartonboard and
paper production through Korsnäs, and farming through Mellersta
Sveriges Lantbruk.
Investment AB Kinnevik's class A and class B shares are listed on the
Stockholm Stock Exchange's Nordic list for large-cap companies within
the financial and real estate sector. The ticker codes are KINV A and
KINV B.
