STOCKHOLM, Sweden, April 3, 2003 (PRIMEZONE) -- SCA (Other OTC:SVCBF):
Dividend
The Annual General Meeting approved the dividend of SEK 9.60 (8.75) per share for fiscal year 2002. Accordingly, the dividend has increased 12% annually during the past five years. The record date for the dividend is 8 April 2002 and payment of dividend by VPC (the Swedish Securities Register Center) is expected on 11 April 2003.
Election of new Board members
The Annual General Meeting elected Indra Asander and Rolf Borjesson to the Board of Directors. Indra Asander, born in 1956, is manager of TeliaSonera's Swedish consumer segment. Rolf Borjesson, born in 1942, is CEO of the British packaging company Rexam. Soren Gyll, Tom Hedelius, Sverker Martin-Lof, Anders Nyren, Lars Ramqvist and Jan Astrom were re- elected.
At the statutory Board meeting, Sverker Martin-Lof was re-elected Chairman.
Purchase and transfer of own shares
The Annual General Meeting resolved to authorize the Board during the period until the next Annual General Meeting, to decide on the purchase of the company's own shares on the stock exchange. The company's purchase of own shares may amount up to 10% of the total number of shares in the company.
The purpose is to provide the Board with the possibility to use the company's own shares as payment for acquisitions, to hedge the costs arising from the company's incentive program and to continuously adapt the company's capital structure.
The speech delivered by President and CEO Jan Astrom at the Annual General Meeting is presented at SCA's website www.sca.com. The speech is available from 4 April.
Stockholm, 3 April 2003
SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ)
Communications and Investor Relations For further information, please contact: Jan Astrom, President and CEO. Phone: +46 70-586 07 01 Michael Bertorp, Executive Vice President. Phone: +46 70-590 51 22 Peter Nyquist, Senior Vice President Communications and Investor Relations. Phone: +46 70-575 29 06
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The following files are available for download:
http://www.waymaker.net/bitonline/2003/04/03/20030403BIT01540/wkr0001.doc
http://www.waymaker.net/bitonline/2003/04/03/20030403BIT01540/wkr0002.pdf