Annual General Meeting of Swedish Match AB (publ).STOCKHOLM, Sweden -- The shareholders of Swedish Match Swedish Match is a Swedish company based in Stockholm that makes tobacco products and matches. It was founded as Svenska Tändsticksaktiebolaget by Ivar Kreuger in 1917 in Jönköping ("City of the matches"). The company changed its name in 1980. AB (STO:SWMA SWMA Software Maintenance SWMA Solid Waste Management Act SWMA Sine-Weighted Moving Average SWMA Storm Water Management Authority, Inc. (Homewood, AL) SWMA Segmental Wall Motion Abnormality (cardiology) ) are hereby notified of the Annual General Meeting of Shareholders to be held on Thursday 20th April 2006 at 4:30 p.m. at Stockholm International Trade Fairs in Alvsjo ("Stockholmsmassan"). The Board of Directors proposes a dividend of 2.10 SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. per share. The Board also proposes that the current mandate to repurchase up to 10 percent of all shares in the Company be prolonged. In addition the Board will also propose cancellation of up to 24,000,000 previously repurchased shares, with a simultaneous capitalization issue in an amount corresponding to the number of cancelled shares or 28,800,000 SEK. Furthermore, the Board will propose that the Parent Company's legal reserves, which amount to 80 MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner , be reduced through transfer to non-restricted reserves and to be used for repurchase of shares. The Election Committee of Swedish Match AB proposes the election of Andrew Cripps Andrew Cripps is an Australian politician and member of the Queensland Legislative Assembly. He was born in Tully, Queensland, Australia, and since September 2006 he has represented the electoral district of Hinchinbrook for the National Party of Australia, replacing the retiring and Conny Karlsson to the Board of Directors. Furthermore, the Election Committee proposes re-election of Bernt Magnusson (Chairman), Sven Hindrikes, Tuve Johannesson, Arne Jurbrant, Karsten Slotte, Kersti Strandqvist and Meg Tiveus. Jan Blomberg has declined to be re-elected. The Election Committee is appointed by the Annual General Meeting and consists of Joachim Spetz, Chairman, (Handelsbanken Fonder), Marianne Nilsson (Robur Funds), Pernilla Klein (Third AP-fund) and Bernt Magnusson as ordinary members. Carl Rosen (Second AP-Fund) has served as deputy member of the Committee. William N. Booth (Wellington Management Company Wellington Management Company is a Boston, Massachusetts based investment management firm. Founding and Early Years Wellington Management Company was incorporated in Philadelphia, Pennsylvania in 1933, five years after the creation of the Wellington Fund by Walter L. ) and Mads Eg Gensmann and Edoardo Mercadante (Parvus Asset Management) have been co-opted to the Committee during the course of the year. The complete notice of the Annual General Meeting can be found on the corporate web site: www.swedishmatch.com, and is also enclosed. Swedish Match is a unique company with its range of market-leading brands in the product areas of snuff and chewing tobacco chewing tobacco, n See smokeless tobacco. chewing tobacco Smokeless tobacco, see there , cigars and pipe tobacco - tobacco's niche products - as well as matches and lighters. The Group's global operations generated sales of 13,311MSEK for the twelve month period ending December 31, 2005. Swedish Match shares are listed on Stockholmsborsen (SWMA). This information was brought to you by Waymaker http://www.waymaker.net |
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