STOCKHOLM, Sweden, April 1, 2005 (PRIMEZONE) -- Ahead of the Annual General Meeting, the Nomination Committee, which consists of Petter Odhnoff (Andra AP-fonden), Chairman, Roger Buehler (Laxey Partners Ltd.), Fredrik Gradin (Explorer Group Inc.), Peter Rudman (Nordea Fonder), Peter Ronstrom (Lannebo Fonder), and Bertil Villard, Chairman of the Board, has decided to propose the following:
-- The Chairman of the Board, Bertil Villard, be elected as Chairman of the Meeting.
-- The Board will consist of seven ordinary members.
-- Remuneration for the Board will be SEK 1,750,000 of which SEK 650,000 is to the Chairman and SEK 150,000 to each of the remaining elected members who are not employed by the Group, as well as SEK 200,000 to be allocated for dividing between those Board members who takes part in committee work.
-- The auditors will receive remuneration for their time according to their invoice.
-- Kurth Augustson, Jan Soderberg, Katarina Wendt Englund, Bertil Villard and Karl Stenstrom, to be re-elected as Board members and Roger Buehler and Theodor Dalenson, to be elected as new Board members. It is proposed that Bertil Villard be re-elected as Chairman of the Board.
Roger Buehler is Investment Director at Laxey Partners Ltd. Theodor Dalenson is Chairman of the Board in AB Novestra.
-- The authorized public accountants Olle Karlsson and Magnus
Willfors be elected as auditors and Eva Nyzell and Mikael
Eriksson be elected as deputy auditors. All of these work for
Ohrlings PricewaterhouseCoopers
-- It is further proposed that a Nomination Committee will be
established so
-- that the Chairman of the Board shall convene a Nomination
Committee during the third quarter based on share ownership
on August 31;
-- that the Nomination Committee, besides the Chairman of the
Board, shall consist of members representing the five
largest shareholders in the company, and if any of these
should not want to take part in the Nomination Committee, or
if a Member leaves the Committee before their work is
completed, then the largest shareholder after these shall be
offered representation on the Nomination Committee;
-- that the majority of the Nominating Committee's members
shall not be Board members and that the CEO or another
person from the company's executive management shall not be
Members of the Nomination Committee and
-- that the Nomination Committee shall choose a Chairman who is
not a Board member; that the Nomination Committee's
assignments are to make proposals concerning the choice of
Chairman for the Annual General Meeting, choice of Board
Members and Auditors as well as fees to the Board and
Auditors;
-- that the Nomination Committee's composition shall be
announced in such time that, if possible, it can be made
public at least six months before the Annual General Meeting
and
-- that if the Nomination Committee finds it necessary, then it
shall have the right, at the company's expense, to employ a
reasonable number of external consultants within the
framework of its assignments.
Trelleborg April 1, 2005 Pergo AB Corporate Communications
For further information please contact: Bertil Villard, Chairman of the Board -- phone number +46 707-14 31 03 Asa Ruhr, Communications Manager --phone number +46 410 36 31 00
Pergo is a leading flooring company with strong market positions, particularly in Europe and the US. Net sales amounted to MSEK 2,780 in full-year 2004 and the number of employees is around 800. Pergo developed laminate flooring at the end of the 1970s and launched the product in Europe during the 1980s. The company started sales in the US in 1994 and later also in Asia and Latin America. The company's products have been marketed under the PERGO(R) brand name since 1989. The company is listed on the Stockholm Stock Exchange's O-list. For further information about Pergo, please visit our homepage www.pergo.com.
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