L M ERICSSON HOLDS ANNUAL GENERAL MEETING.STOCKHOLM, Sweden--May 10, 1995--(BUSINESS WIRE)-- Telefonaktiebolaget LM Ericsson held its Annual General Meeting in Stockholm on Wednesday, May 10, 1995. The consolidated income statement consolidated income statement An income statement that combines the income statements of two or more organizations. As with other consolidated statements, a consolidated income statement eliminates any funds owed to or due from firms within the same group. and balance sheet were approved, and the president and the Board of Directors were released from liability for their administration of the Company during fiscal year 1994. The meeting approved a dividend increase 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 to SEK 5.50. Those entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to receive a dividend must be registered in the share register on the record date, May 12, 1995. It is expected that the dividend will be distributed on May 22, 1995. The meeting also voted for a share split, whereby each old share will be replaced by four (4) new shares. The split is scheduled for June 20, 1995. This means that June 15, 1995 will be the last day for trade with the 'old' share, and the first day after split will be June 16, 1995. Shareholders and convertible holders are not required to take action. S-E S-E Spheno Ethmoidectomy Banken will give the shares a new value automatically. Board members Bo Berggren, Claes Dahlback, Tom Hedelius, Sverker Martin-Lof, Sven Olving, Lars Ramqvist, Clas Reuterskiold, Bjorn Svedberg svedberg /sved·berg/ (sfed´berg) Svedberg unit. Svedberg a unit used to express sedimentation coefficients. Symbol S. , Peter Wallenberg and Sven Agrup were reelected. Carl Wilhelm Ros was reelected as deputy member. Auditors Carl-Eric Bohlin, Olof Herolf and Thomas Thiel were reelected. At the statutory Board Meeting held in conjunction with the Annual General Meeting, Carl Wilhelm Ros was elected Senior Executive Vice President. Kurt Hellstrom and Anders Igel were elected Executive Vice Presidents. Bjorn Svedberg was reelected chairman and Peter Wallenberg and Tom Hedelius as deputy chairmen. CONTACT: KATHY EGAN EGAN ETSI Guide Access Network EGAN Ethernet Global Access Network LARS JONSTEG (212) 685-4030 |
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