HOGANAS, Sweden, May 8, 2003 (PRIMEZONE) -- The Annual General Meeting of Hoganas AB (publ) was held on Thursday, 8 May 2003 in the HB Hall in Hoganas.
Pursuant to the Board's proposal the Meeting approved a dividend of SEK 5.00 per share with 13 May 2003 as the date of record.
Re-election of the present Directors Ulf G Linden, Per Molin, Bernt Magnusson, Hans Miver, Claes Lindqvist, Magnus Lindstam and Jacob Palmstierna and new election of Agnete Raaschou-Nielsen. Agnete Raaschou-Nielsen is Managing Director in Zacco Denmark A/S and also, among others, Deputy Chairman in Skandinaviska Enskilda Banken A/S and Danish Industrialisation Funds.
New election of the auditor Alf Svensson and re-election of the auditor Gert Frej and new election of the deputy auditor Eva Melzig Henriksson and re-election of the deputy auditor Berit Ehrenpohl for a period of four years.
Furthermore the Annual General Meeting decided to implement a nomination committee.
In his address to the Annual General Meeting the Company's President Claes Lind-qvist stated among others that the result forecast previously given still stands, viz. the income before taxes is expected to be better than in 2002.