STOCKHOLM, Sweden, March 7, 2002 (PRIMEZONE) -- Shareholders of AB Industrivarden (publ) are hereby invited to attend the Annual General Meeting to be held at 2 p.m. on Wednesday, April 17, 2002, at the Grand Hotel, Vintertradgarden (entrance at the corner of Stallgatan/Blasieholmsgatan), in Stockholm. Coffee will be served before the Meeting.
Notice of Attendance, etc.
To be entitled to participate in the Annual General Meeting, shareholders must be listed on the printout of the shareholder register issued by VPC on Friday, April 5, 2002, and give notice of their intention to participate in the Meeting no later than 3 p.m. on Monday, April 15, 2002.
Notice of intention to participate in the Meeting can be given in writing to AB Industrivarden (publ), Box 5403, SE-114 84 Stockholm, Sweden; by phone at +46-8-666 6400; by fax at +46-8-661 46 28; or by e- mail at agm@industrivarden.se. Notification by e-mail requires receipt of confirmation (within 24 hours) that notification has been made.
To be entitled to participate in the Meeting, shareholders whose shares are registered in the name of a trustee must request temporary registration of their shares in their own names with VPC as per Friday, April 5, 2002.
Agenda
1 Election of the AGM chairman.
2 Drawing-up and approval of the register of voters.
3 Approval of the agenda.
4 Election of one or two persons to check the minutes.
5 Decision as to whether the AGM has been duly convened.
6 Presentation of the annual report and audit report, and of the
consolidated accounts and audit report for the group.
7 Decisions concerning.
a. adoption of the income statement and balance sheet, and the
consolidated income statement and consolidated balance
sheet.
b. allocation of the company's profit as shown in the adopted
balance sheet.
c. discharge from liability of the members of the board of
directors and the president.
8 Determination of the number of directors to be appointed by the
AGM, and deputies for them.
9 Determination of the number of auditors and deputy auditors.
10 Determination of directors' fees and auditors' fees.
11 Election of directors and of auditors and deputy auditors.
12 The matter of a nominating committee for future election of
directors.
13 Proposal from Einar Hellbom that the AGM resolve to give the
Class A and C shares equal voting power, with compensation being
paid to holders of Class A shares.
Proposals
The nominating committee proposes the following with respect to the
items of business above:
8 Eight directors and no deputy.
9 One auditor and no deputy.
10 SEK 2,000,000 in directors' fees, to be apportioned among the
directors in accordance with the Board's decision. Fees to be
paid to the auditor on account.
11 Reelection of the directors Tom Hedelius, Finn Johnsson, Lennart
Nilsson, Anders Nyren and Clas Reuterskiold, and new election of
Boel Flodgren, Sverker Martin-Lof and Arne Martensson.
Inga-Britt Ahlenius and Bo Rydin have declined reelection.
Reelection of the registered auditing firm Ohrlings
PricewaterhouseCoopers for a term extending through the 2006
AGM.
12 Authorization of the Chairman of the Board to appoint four
members from among the shareholders' representatives, who are
not directors on the Company's board, to form with the Chairman
a nominating committee for future Board elections.
Einar Hellbom has submitted a proposal in accordance with item
13 above.
Dividend
The Board proposes a shareholder dividend of SEK 5.00 per share, plus a bonus dividend of SEK 3.35 per share, for a total of SEK 8.35 per share. Interest per CPN would thus be SEK 9.60.
The Board proposes Monday, April 22, 2002, as the record date for payment of the dividend and CPN interest. Provided that the AGM votes in favor of the proposal, dividends are expected to be sent from VPC on Thursday, April 25, 2002.
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The release is available for download:
http://www.waymaker.net/bitonline/2002/03/07/20020307BIT01130/wkr0001.doc
http://www.waymaker.net/bitonline/2002/03/07/20020307BIT01130/wkr0002.pdf