Millicom International Cellular: Annual General Meeting and Extraordinary General Meeting.STOCKHOLM, Sweden -- Millicom International Cellular S.A. ("Millicom") (Nasdaq:MICC MICC Malaysia International Conference on Communications MICC Maltese Italian Chamber of Commerce MICC Main Instrumentation and Controls Contractor MICC Major Incident Control Centre (UK) MICC Mineral Insulated Copper Covered ), (STO:MIC), one of the world's leading cellular operators in emerging markets, today held its Annual General Meeting ("AGM AGM annual general meeting AGM n abbr (= annual general meeting) → AG f AGM n abbr (= annual general meeting) → JHV f ") and an Extraordinary General Meeting ("EGM EGM Electronic Gaming Machine EGM Electronic Gaming Monthly EGM Extraordinary General Meeting EGM Expert Group Meeting EGM Estudio General de Medios (Spanish: General Means Study) EGM Emergency General Meeting ") of shareholders in Luxembourg. [R][sup.3]The AGM resolved to re-elect re·e·lect also re-e·lect tr.v. re·e·lect·ed, re·e·lect·ing, re·e·lects To elect again. re Vigo Carlund Vigo Carlund (born 1946) is a Swedish businessman. He was a close associate of Jan Stenbeck and was rewarded by being appointed CEO of Investment AB Kinnevik in 1999. In 2006 it was revealed that he would be stepping down from the executive side of business after 38 years in the , Donna Cordner, Ernest Cravatte, Lars-Johan Jarnheimer, Daniel Johannesson, Tope Lawani, Michel Massart and Cristina Stenbeck Cristina Mayville Stenbeck (born 1977) is a leading Swedish business woman and the daughter and heiress of the capitalist Jan Stenbeck. Cristina Stenbeck was born in New York, USA. Her mother, Merrill Stenbeck (d. as members of the Board of Directors. Raymond Kirsch kirsch n. A colorless brandy made from the fermented juice of cherries. [French, short for German Kirschwasser; see kirschwasser. did not stand for re-election and therefore ceases to be a member of the Board. PricewaterhouseCoopers Sarl was re-elected as external Auditor The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . [R][sup.3]All other resolutions proposed to Millicom's AGM of shareholders today in Luxembourg were passed. [R][sup.3]The EGM resolved to approve the proposed grant of restricted shares to the Directors in relation to 2005, additional stock options to a new member of senior management that had not been included into the grant of stock options approved at the 2005 AGM, and restricted shares to senior management and employees in relation to 2005. The EGM also acknowledged that the foregoing grants will all be made within the current authorized share capital of Millicom. [R][sup.3]The quorum A majority of an entire body; e.g., a quorum of a legislative assembly. A quorum is the minimum number of people who must be present to pass a law, make a judgment, or conduct business. of 50% of the issued and outstanding shares of Millicom being present or represented was not met and thus the EGM was unable to deliberate on the resolution required by Article 100 of the Luxembourg companies' law of 1915, as amended. [R][sup.3]Following the AGM/EGM, the Board unanimously resolved to re-elect Mr. Johannesson as Chairman of the Board of Directors for a term of office ending on the day of the AGM to take place in 2007. [R][sup.3]The Board also resolved to elect Michel Massart, Ernest Cravatte and Tope Lawani as members of the Audit Committee and to elect Mr. Massart as its Chairman and designated financial expert, in each case for a term of office ending on the day of the AGM to take place in 2007. [R][sup.3]The Board resolved to elect Daniel Johannesson, Cristina Stenbeck, Vigo Carlund and Donna Cordner as members of the Compensation Committee and to elect Donna Cordner as Chairwoman. Each member is elected for a term of office ending on the day of the AGM to take place in 2007. [R][sup.3]The Board resolved to elect Daniel Johannesson, Donna Cordner and Ernest Cravatte to be the members of the Nominations Committee until the date of the next AGM in 2007. [R][sup.3]Finally, the Board resolved to convene a second EGM in relation to item 11 of the agenda because the legally required quorum of 50% of the issued and outstanding share capital of Millicom being present or represented was not met at today's EGM. The Board reconvened the second EGM to Friday June 30, 2006, at 10.00 a.m. at Millicom's headquarters in Bertrange, Luxembourg. The statutory notices will be published in due course in the Luxembourg Official Gazette A compilation published weekly by the Patent and Trademark Office listing all the Patents and Trademarks issued and registered, thereby providing notice to all interested parties. (Memorial) and in the Luxemburger Wort wort 1 n. A plant. Often used in combination: liverwort; milkwort. [Middle English, from Old English wyrt; see newspaper. [R][sup.3]Millicom International Cellular S.A. is a global telecommunications investor with cellular operations in Asia, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and Africa. It currently has cellular operations and licenses in 16 countries. The Group's cellular operations have a combined population under license of approximately 390 million people. [R][sup.3]This press release may contain certain "forward-looking statements" with respect to Millicom's expectations and plans, strategy, management's objectives, future performance, costs, revenues, earnings and other trend information. It is important to note that Millicom's actual results in the future could differ materially from those anticipated in forward-looking statements depending on various important factors. Please refer to the documents that Millicom has filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including Millicom's most recent annual report on Form 20-F, for a discussion of certain of these factors. [R][sup.3]All forward-looking statements in this press release are based on information available to Millicom on the date hereof. All written or oral forward-looking statements attributable to Millicom International Cellular S.A., any Millicom International Cellular S.A members or persons acting on Millicom's behalf are expressly qualified in their entirety by the factors referred to above. Millicom does not intend to update these forward-looking statements. [R][sup.3]Visit our web site at: www.millicom.com [R][sup.3]This information was brought to you by Waymaker http://www.waymaker.net |
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