Bulletin From Investor AB's Annual General Meeting April 14, 1999.STOCKHOLM, Sweden--(BUSINESS WIRE)--April 14, 1999-- Investor AB, Sweden's largest industrial holding company, today announced that the Annual General Meeting approved the proposed dividend to shareholders of 11 kronor per share. Monday, April 19, 1999 was approved as the date of record. The dividend is expected to be distributed on Monday, April 26, 1999. The proposal for a 4 to 1 split was approved by the Meeting. This means that each current share of Class A and Class B will be divided up into four shares of its corresponding type. With this, the nominal value Nominal Value The stated value of an issued security that remains fixed, as opposed to its market value, which fluctuates. Notes: When referring to fixed-income securities, the nominal value is also the face value. of each share will change from 25 kronor to 6 kronor and 25 ore. The share is expected to be traded at the new nominal value on May 7, 1999. Board members Percy Barnevik, Claes Dahlback, Hakan Mogren, Mauritz Sahlin, Anders Scharp, Peter D. Sutherland, Bjorn Svedberg, Michael Treschow, Jacob Wallenberg and Marcus Wallenberg were re-elected. Bo Berggren, who had declined re-election, was thanked by the Chairman for his years as a board member. Auditors Caj Nackstad and Gunnar Widhagen, as well as deputy auditors Thomas Thiel and Bjorn Fernstrom, were re-elected. The Meeting closed with the Chairman's thanks to Claes Dahlback for his work as President and Chief Executive during 21 years. At a statutory board meeting in conjunction with the AGM AGM annual general meeting AGM n abbr (= annual general meeting) → AG f AGM n abbr (= annual general meeting) → JHV f , Percy Barnevik was re-elected as Chairman of Investor AB. Claes Dahlback and Jacob Wallenberg were elected as working vice chairmen. The Board Of Directors INVESTOR AB Investor AB is the largest Swedish industrial holding company. It generates value for the shareholders through long-term active ownership and active investment operations. Over the past 20 years the average total annual return to the shareholders has exceeded 20%. Investor AB is a lead shareholder in a number of Sweden's largest, most internationally active companies. These include Astra, Ericsson, Scania, ABB n. 1. Among weavers, yarn for the warp. Hence, Noun 1. ABB - an urban hit squad and guerrilla group of the Communist Party in the Philippines; formed in the 1980s , Gambro, Stora Enso, Atlas Copco, SEB Noun 1. SEB - a form of staphylococcal enterotoxin that has been used as an incapacitating agent in biological warfare staphylococcal enterotoxin B , WM-data, Electrolux, Saab AB, Saab Automobile AB (50%), SKF SKF Svenska Kullagerfabriken SKF Svenska Klätterförbundet (Sweden) SKF Smithsonian Kite Festival SKF San Antonio Kelly Field Annex (Lackland AFB, Texas) , SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. and OM Gruppen. Investor's largest shareholders are the Wallenberg family foundations and a number of mutual and pension funds. Investor AB is based in Stockholm, with offices in Hong Kong, London and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Amsterdam. Investor AB press releases can be accessed at www.investor.se on the Internet. |
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