GOTEBORG, Sweden, April 18, 2002 (PRIMEZONE) -- The Annual General Meeting of Aktiebolaget SKF, Parent Company of the SKF Group, was held in Goteborg on Thursday, April 18, 2002, under the chairmanship of Mr Anders Scharp.
The income statements and the balance sheets of the Parent Company and the Group were adopted, together with the Board's proposal for distribution of surplus. The proposed dividend of SEK 6.00 per share was approved. To be entitled to receive the dividend for 2001, shareholders must be recorded in the share register on April 23.
The following Board members were reelected: Mr Anders Scharp, Mr Sune Carlsson, Mr Soren Gyll, Mr Helmut Werner, Mr Vito H Baumgartner, Ms Ulla Litzen, Mr Clas Ake Hedstrom and Mr Philip N Green.
The Annual General Meeting also decided to introduce a conversion clause in the Articles of Association of AB SKF with the following wording.
"Shares of Series A shall on request by their owners be converted to shares of Series B. A conversion request, which shall be done in writing and state the number of shares to be converted, shall be made to the company. The company shall without delay notify the conversion to the Patent- and Registration Office for registration. The conversion is executed when the registration has taken place."
At the statutory meeting of the Board following the Annual General Meeting, Mr Anders Scharp was elected Chairman.
Goteborg, April 18, 2002
Aktiebolaget SKF (Publ.)
Further information can be obtained from:
Lars G Malmer, Group Communication, tel +46-31-3371541, +46-705-371541, e-mail: lars.g.malmer@skf.com
Marita Bjork, Investor Relations, tel +46-31-3371994, +46-705-181994, e- mail: marita.bjork@skf.com
Aktiebolaget SKF, SE-415 50 Goteborg, Sweden, tel: +46-31-3371000, fax: +46-31-3372832, www.skf.com
This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/04/18/20020418BIT01380/wkr0001.doc http://www.waymaker.net/bitonline/2002/04/18/20020418BIT01380/wkr0002.pdf