Annual General Meeting of SWECO on 20 April 2004
Board of Directors
The Annual General Meeting re-elected Maria Borelius, Eric Douglas, Birgit Erngren, Anders Frick, Olle Nordström, Wigon Thuresson and Mats Wäppling as members of SWECO’s Board of Directors. The Board consists of seven regular members and no deputies.
Gustaf Douglas, Lars Kritz and Olle Nordström were re-elected as members of SWECO’s nomination committee.
The Annual General Meeting approved the proposed shareholder dividend of SEK 3.00 per share. The record date is 23 April and payment of dividends is expected to be carried out on 28 April.
The Annual General Meeting authorised the Board to buy back a maximum five per cent of all shares in the company during the period before the next Annual General Meeting. The shares are to be purchased on the Stockholm Stock Exchange at a price per share that is within the registered price interval at any given time. The aim of the buy-back is to optimise the company’s capital structure and to create opportunities to use SWECO shares in connection with future acquisitions. SWECO AB’s current holding of own shares amounts to 111,400.
Transfer of SWECO shares
The Annual General Meeting also authorised the Board to resolve on the transfer of SWECO shares during the period before the next Annual General Meeting. Such transfers, without preferential rights for the shareholders, may take place in connection with acquisitions in an amount corresponding to the appraised market value. The goal is to finance future acquisitions in a cost-effective manner.
At the statutory meeting following the Annual General Meeting, Olle Nordström was re-elected as Chairman of the Board and Anders Frick was re-elected as Vice Chairman.
With the authorisation of the Annual General Meeting, the Board also decided to buy back a maximum of five per cent of all shares in the company.