Swedish Match Shareholders Approve Dividend Hike to 2.10 SEK.STOCKHOLM, Sweden -- 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. (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) ): Major items approved by today's Annual General Meeting include: --Dividend will increase from 1.90 SEK/share to 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. --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
Conny Karlsson (b. to the Board --Mandate to repurchase up to 10 percent of all shares in the Company prolonged --24 Million shares repurchased by the Company are authorized to be withdrawn --Approval of reduction of the parent company's legal reserves by 80 MSEK MSEK Meyer, Suozzi, English & Klein (New York law firm) MSEK Million Swedish Kroner At the Annual General Meeting of Swedish Match on April 20th, it was resolved in accordance with the proposal of the Board of Directors to pay a dividend per share of 2.10 SEK. The record date for the dividend entitlement was set at 25 April, 2006. The dividend is expected to be distributed on 28 May, 2006, through VPC (1) (Virtual Processor Complex) An IBM mainframe multiprocessing system that uses several computers under tight central control. (2) See Virtual PC. . Shareholders have re-elected Bernt Magnusson (Chairman), Tuve Johannesson, Arne Jurbrant, Meg Tiveus, Karsten Slotte, Kersti Strandqvist, and Sven Hindrikes to the Board of Directors, and elected Andrew Cripps and Conny Karlsson as new members to the Board of Directors. Furthermore, the shareholders approved an authorization for a reduction in the Company's share capital by 28.8 MSEK through withdrawal of 24,000,000 shares in the Company, along with a corresponding bonus issue which will transfer 28.8 MSEK from nonrestricted shareholders' equity Shareholders' Equity A firms' total assets minus its total liabilities. Equivalently, it is share capital plus retained earnings minus treasury shares. Shareholders' equity is the amount by which a company is financed through common and preferred shares. to share capital, thus restoring share capital to previous levels. The shares in the Company to be withdrawn have been repurchased by the Company in accordance with previous shareholder authorization. The shareholders also approved a reduction of legal reserves of the Parent Company by 80 MSEK. The released funds will be used for share repurchases. Shareholders approved an authorization to decide, prior to the next Annual General Meeting, to acquire a maximum of as many shares as may be acquired without the Company's holding at any time exceeding 10 percent of all shares in the Company. The shares shall be acquired on the Stockholmsborsen at a price within the price interval registered at any given time (market price). The meeting also resolved to allow the Company to issue up to 723,333 call options to a combined value of 9.5 MSEK, which corresponds to the value of options allocated in accordance with the Company's options program for 2005. The meeting further adopted a stock option program for senior officials in the Company for 2006. The total value of the stock options allocated shall not exceed a limit of 27.3 MSEK. In addition, shareholders approved all other proposals made by the Board of Directors as outlined in the published notice of the Annual General Meeting for Swedish Match AB. 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). Swedish Match AB (publ), SE-118 85 Stockholm Visiting address: Rosenlundsgatan 36, Telephone: + 46 8 658 02 00 Corporate Identity Number: 556015-0756 www.swedishmatch.com This information was brought to you by Waymaker http://www.waymaker.net |
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