SOLNA, Sweden, April 24, 2002 (PRIMEZONE) -- The following was resolved at yesterday's regularly scheduled Annual General Meeting of LGP Telecom:
-- That no dividend would be declared for the 2001 financial year and
that the profit for 2001 (about MSEK 10.7) would be carried forward.
-- Re-election of directors Dag Tigerschiold, Mikael Gottschlich, Bengt
Broman, Sven Hagstromer, and Mats Gustavsson. Bjorn Norrbom had
declined to be re-elected.
-- Resolution regarding amendment of the Articles of Association (# 9)
so that general meetings of shareholders may be held in Botkyrka as
well as Falkoping and Stockholm.
-- The Chairman of the Board of Directors was authorized to draft and
well in advance of the regularly scheduled Annual General Meeting to
be held 2003 present a proposal for a nomination committee consisting
of the Chairman and two to four other members of the Board of
Directors. The nomination committee will prepare and make
recommendations to the Annual General Meeting for election of
directors with broad support among the Company's shareholders. The
committee will also propose fees to be paid to directors.
At the statutory meeting of the Board of Directors held the same day, it was decided that Dag Tigerschiold would continue to serve as Chairman of the Board of Directors and that Mikael Gottschlich would be elected to the post of Vice Chairman.
Stockholm, April 24, 2002
LGP Telecom Holding AB (publ)
For more information, contact:
Bengt Broman, President and CEO Phone +46-8-50 74 80 00, mobile +46-70-570 10 30
The LGP Group manufactures telecom products that improve radio coverage, capacity and data transmission speed in mobile communication networks. LGP conducts advanced research and development in the field of integrated RF filter solutions. The Group has production, global marketing and sales. In its niche, the Company is also a leading contract manufacturer of advanced industrial components. The Group has five production units and about 720 employees.
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