BERTRANGE, Luxembourg, May 23, 2005 (PRIMEZONE) -- Metro International S.A. ("Metro"), the international newspaper group, today announced that The Nomination Group consisting of major shareholders of Metro International has agreed the following proposal to the Annual General Meeting the 31 May 2005.
Mr. Vigo Carlund, Mr. Henry Guy, Ms. Cristina Stenbeck, Mr. Pelle Tornberg, Mr. Patrick Byng and Mr. Dennis Malamatinas shall be re-elected directors of the Company and Mr. Joshua Berger be elected to the Board of Directors as a new board member.
The Nomination Group also proposes that the Meeting resolve that the fees for the members of the Board of Directors for the period until the end of the next Annual General Meeting to be held in 2006 be a total of US$ 330,000.
The above proposal is supported by shareholders representing more than 50 percent of the votes in the company, including Investment AB Kinnevik, Modern times Group MTG AB, Robur, SEB Fonder and SEB Trygg Liv.
For further information, please visit www.metro.lu, email info@metro.lu or contact: Pelle Tornberg, President & CEO tel: +44 (0) 20 7016 1300 Henrik Persson, Corporate Communications tel: +46 (0) 8 562 000 87
Metro is the largest and fastest growing international newspaper in the world. 55 daily Metro editions are published in 77 major cities in 17 countries in 16 languages across Europe, North & South America and Asia. Metro has a unique global reach -- attracting a young, active, well-educated audience of more than 15 million daily readers and over 33 million weekly readers. Metro has an equal number of male and female readers and 70% are under the age of 45. Metro's advertising sales have grown at a compound annual rate of 47% since the launch of the first edition in 1995.
Metro International S.A. 'A' and 'B' shares are listed on the Stockholmsborsen `O-List' under the symbols MTROA and MTROB.
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