STOCKHOLM, Sweden, April 20, 2005 (PRIMEZONE) -- Industrivarden's Annual General Meeting was held on April 20, 2005, at the Grand Hotel in Stockholm, at which the following decisions, among others, were made:
-- The Annual General Meeting approved the dividend of SEK 6.00 per
share. The record date for payment of the dividend was set at
April 25, and dividend payments are expected to be made by VPC on
April 28.
-- Boel Flodgren, Tom Hedelius, Finn Johnsson, Fredrik Lundberg,
Sverker Martin-Lof, Arne Martensson, Lennart Nilsson and Anders
Nyren were reelected as directors on Industrivarden's board. Tom
Hedelius was elected as Chairman of the Board.
-- The Annual General Meeting resolved to authorize the Chairman of
the Board to appoint at least four members from among the major
shareholders' representatives, who are not directors on the
Company's board, to form with the Chairman a nominating committee
for the next election of directors. The composition of the
nominating committee shall be announced at least six months
before the 2006 Annual General Meeting.
CEO Anders Nyren informed the meeting that Industrivarden's board today decided to introduce the wholly owned company Indutrade on the stock market during the second half of 2005.
Decision at the statutory board meeting:
-- At the statutory board meeting, Sverker Martin-Lof was named Vice
Chairman of the Board.
CEO Anders Nyren's address to the Annual General meeting is available upon request from the Company and on Industrivarden's website: www.industrivarden.net/Investor Relations/Annual General Meeting.
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