Decisions at Drott's Annual General Meeting


STOCKHOLM, Sweden, April 24, 2002 (PRIMEZONE) -- Decisions at Drott's Annual General Meeting

At today's Annual General Meeting of Drott AB (publ), it was decided, among other things:

-- To pay a dividend of SEK 5.00 per share, or a total of SEK 459 million.

- Record date April 29, 2002.

- The dividend is expected to be paid by VPC as of May 3, 2002.

-- To retire repurchased shares.

- A total of 9,273,474 Class B shares will be retired (all repurchased shares excluding 550,000 shares that guarantee the company's commitment to option holders).

- The retirement will decrease the share capital with SEK 18,5 million.

- In order to reduce the time needed for the decrease, it was also decided that 9,273,474 new Class C shares will be issued to Handelsbanken to par value of SEK 2 each (these shares will immediately be redeemed after the new issue is registered).

- The number of registered Drott shares thereafter will amount to 92,415,285.

-- To authorize the Board of Directors, until the Annual General Meeting in 2003, to decide to acquire and transfer the company's own shares.

-- The company may own a maximum of 10 percent of the number of registered shares.

-- Transfers may be made in order to finance acquisitions of properties and companies.

-- To reelect all Board members: Jan Blomberg, Peggy Bruzelius, Wille Lauren, Mats Mared, Goran Nord, Esbjorn Olsson and Lars Wohlin.

-- At the statutory Board meeting, Lars Wohlin was reelected Chairman and Jan Blomberg Deputy Chairman.

-- Lennart Elvelin remains the employee representative appointed by the Swedish Building Maintenance Workers' Union.

Drott AB (publ)

For further information, please contact: Mats Mared, President, telephone + 46 8 545 83 010

This information was brought to you by Waymaker http://www.waymaker.net

The following files are available for download:

http://www.waymaker.net/bitonline/2002/04/24/20020424BIT00780/wkr0001.doc

http://www.waymaker.net/bitonline/2002/04/24/20020424BIT00780/wkr0002.pdf


Mot-clé