Ericsson holds Annual General Meeting.STOCKHOLM, Sweden--(BUSINESS WIRE)--May 8, 1996--The Annual General Meeting of Telefonaktiebolaget L M Ericsson was held Wednesday, May 8, in Stockholm. The company's income statement and balance sheet were adopted and the Board of Directors and the President were discharged from liability for the fiscal year 1995. The Meeting approved a dividend of 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. 1.75 per share, a 27-percent increase. Shareholders who are recorded in the share register on the record date, May 13, 1996, are entitled to receive the dividend, which is expected to be paid on May 21, 1996. The Meeting approved insertion of a new section paragraph 7 in the company's Articles of Association due to the new regulations in the Swedish Companies This is a list of Swedish companies: Companies
The right to vote on matters that are put to a vote of security holders. For example the right to vote for directors. voting rights The type of voting and the amount of control held by the owners of a class of stock. . The change was proposed in order to adapt the Articles of Association to new provisions of the Swedish Companies Act resulting from Sweden's membership in the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community . The following members of the Board of Directors were reelected: Bo Berggren, Tom Hedelius, Sverker Martin-Lof, Lars Ramqvist, Clas Reuterskiold, Bjorn Svedberg and Sven Agrup. The following new Board members were elected: Lars-Eric Petersson Lars-Eric Petersson (born 1950) is a Swedish former chief executive of the major Swedish insurance group Skandia.[1] He resides in Kensington in London. In May 2006 Peterson was sentenced by the Stockholm district court to two years in prison for fraud, costing his , Peter Sutherland Peter Denis Sutherland, KCMG (born April 25 1946) is an Irish businessman and former politician, associated with the Fine Gael party. He is a barrister by profession, and is also Senior Counsel. and Marcus Wallenberg. Carl Wilhelm Ros was reelected a deputy member of the Board. Carl-Eric Bohlin, Olof Herolf and Thomas Thiel were reelected to serve as auditors. At the statutory meeting of the Board of Directors following the Annual General Meeting, Bjorn Svedberg was reelected Chairman and Tom Hedelius was reelected Vice Chairman. CONTACT: Lars Jonsteg 212/685-4030 |
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