STOCKHOLM, Sweden, April 22, 2004 (PRIMEZONE) -- At today's Annual General Meeting in Pergo it was resolved to have six Directors of the Board and to re-elect Kurth Augustson, Stefan Johansson, Hans Larsson, Bjorn Rosengren, Bertil Villard and Katarina Wendt Englund as Directors. The General Meeting resolved that the remuneration to the Directors of the Board should amount to a total of SEK 1,070,000, given that the Chairman receives SEK 370,000.
Bertil Villard was re-elected as Chairman of the Board at the Constituent Board Meeting immediately following the Annual General Meeting. The Compensation Committee, composed of Hans Larsson, Bjorn Rosengren and Bertil Villard, was then also re-elected.
It was decided that no dividends would be distributed.
The Annual General Meeting also resolved to, in accordance with the present order, commission to the Chairman of the Board to assemble a Nomination Committee with the Chairman of the Board as member of the committee. The committee is to consist of members representing the five biggest owners of the Company. If someone or some of these owners don't wish to take part in the nomination work the nearest following shareholder should be offered representation in the committee. The committee assignment is to prepare and put forward a proposal regarding election of the Board and auditors as well as remuneration to the Board and auditors. The composition of the committee will be announced in connection with the nine-month interim report.
Trelleborg 2004-04-22 Pergo AB Corporate Communications
Pergo is a laminate flooring company with leading market positions, particularly in Europe and the US. Net sales amounted to MSEK 2,799 (3,194) in full-year 2003 and the number of employees was 795 (784) as at December 31, 2003. 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, to a smaller degree, in Asia in 1995 and Latin America in 1997. The company's products have been marketed under the Pergo(R) brand name since 1989. The company is listed on the Stockholm Stock Exchange. For further information about Pergo, please visit our homepage www.pergo.com.
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