STOCKHOLM, Sweden, March 21, 2002 (PRIMEZONE) -- The shareholders in Esselte AB (publ) are hereby convened to the Annual General Meeting to be held on April 24, 2002 at 16:00 CET at the World Trade Center, Klarabergsviadukten 70, Stockholm, Sweden.
Participation
In order to be eligible to participate in the Annual General Meeting each shareholder must (i) be recorded on April 12, 2002 in the company's share register held by VPC AB, and (ii) notify the company on his/her intention to participate in the Annual General Meeting not later than at 16:00 CET on April 18, 2002.
Shareholders with shares registered at a nominee, and who wish to participate at the Annual General Meeting, must temporarily register the shares in their own name. Such registration must be executed on Friday, April 12, 2002. Notice must be given to the nominee in ample time before.
Notice Of Participation
Notice of participation may be given in writing to Esselte AB, Box 1371, S-171 27 SOLNA, Sweden or by phone at +46-8-545 219 00. The shareholders are kindly requested to state their name, address, telephone number, personal identification number or registration number and the number of shares owned and registered in the company. Each Shareholder may bring one or two counsels, however, only if the Shareholder has given notice hereof to the company.
Proposed Agenda
1. Opening of the Meeting;
2. Election of the chairman of the Meeting;
3. Preparation and approval of a voting list;
4. Election of two persons to verify the Minutes together with
the chairman;
5. Verification that the Meeting has been duly convened;
6. Approval of the agenda;
7. Presentation of annual report and auditors' report and the
consolidated financial statement and auditors' report on the
consolidated financial statement;
8. Resolutions on
a) the adoption of the profit and loss account and balance
sheet and the consolidated profit and loss account and
consolidated balance sheet;
b) the disposition of the company's profit in accordance with
the adopted balance sheet;
c) the discharge of liability of Directors of the Board and
of the Managing Director;
9. Determination of the number of Directors of the Board and
Deputy Directors;
10. Determination of remuneration for the Board of Directors;
11. Election of Directors of the Board;
12. Election of Auditors;
13. Closing of the Meeting.
Board Of Directors
The company has been informed that shareholders representing approximately 52 per cent of all votes in the company will support the following proposals.
Directors of the Board:
Re-election of Fritz Frohlich, Anders Igel, Kurt Jofs, Bo Jungner, Bjorn Larsson, Brian Stern and election of Bengt Lindahl. Sven Olsson has declined to be re-elected.
Remuneration to the Directors of the Board:
SEK 1,225,000 (an increase of SEK 175,000 in comparison to last year)
Auditors
At the Annual General Meeting in 2000, Stig Nilsson and Jan Birgersson were elected ordinary auditors together with Lars Traff and Ola Wahlquist as deputy auditors for four years.
In consultation with the auditors, the Board of Directors proposes to elect Lars Traff and Ola Wahlquist as ordinary auditors for the remaining term, i.e. until the Annual General Meeting in 2004, and Jan Birgersson and Stefan Kyleback as deputy auditors for the same time. They are all authorized public auditors at Ernst & Young.
Dividends
The Board of Directors has proposed a dividend of SEK one (1) per share. The Board of Directors has proposed the record date for the dividend to be April 29, 2002. Provided that the Annual General Meeting resolves in accordance with the proposal, the dividend is anticipated to be distributed by VPC AB on May 3, 2002.
The Board of Directors
Esselte is the leading global office supplies manufacturer with annual sales of approx. SEK 11 billion, subsidiaries in 26 countries, selling office products in over 120 countries and employing approx. 6,500 people. Esselte brings innovation, efficiency and style to the way people work in the office and at home. Our principal brands are: DYMO, Pendaflex, Leitz and Esselte.
Esselte AB is listed on the Stockholm and London stock exchanges. To learn more about Esselte, visit our Website at www.esselte.com.
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