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
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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