Annual General Meeting AudioDev AB (publ.)
Annual General Meeting AudioDev AB (publ.) Today, 28 April 2004, the shareholders of AudioDev AB (publ) held the Annual General Meeting in Malmö. The meeting adopted the Annual Report and consolidated financial statements and agreed to the disposal of unappropriated earnings for the year as proposed in the directors' report. The meeting discharged the Board of Directors and the President from liability for the financial year. In his speech Peter Ragnarsson, CEO of AudioDev, informed the meeting on operations during the year 2003. He then presented the interim report for the first quarter of the year. The resolution was passed that the Board of Directors should continue to comprise five ordinary members and one deputy member. Re-elected as ordinary members of the Board were Sven Ohlsson, Jan Barchan, Göran Barsby, Per Ludvigsson and Thomas Vonheim. Peter Oscarsson was re-elected deputy member. Remuneration was fixed at SEK 700 000 to be distributed among Board members. The ordinary annual general meeting approved the dividend of SEK 2.00 per share proposed by the Board and the President. Record day for dividends is 3 May 2004. It is anticipated that dividends will be sent out by VPC on 6 May 2004. The annual general meeting decided to give the board a mandate to pass a resolution during the period up to the next Annual General Meeting regarding acquisition of at maximum as many of the company's own shares so that the company's ownership of its own shares will not at any time exceed 10 percent of the total number of shares in the company. For further information, please contact: Peter Ragnarsson, President and CEO, Tel: (0)40-690 49 00 Marielle Noble, Investor Relations, Tel: +46 (0)40-690 4905, mobile: 0709-694 980 AudioDev in brief AudioDev is a world-leading manufacturer of test equipment for quality control of optical media such as CDs and DVDs. Net sales in 2003 were SEK 273.0 million with the largest markets being in the US, Asia and Europe. The head office is based in Malmö, Sweden. AudioDev has been listed on the Stockholm Stock Exchange since September 2000. AudioDev's products are sold under the brands CATS and Go!. The products in the CATS series are high precision analyzers for quality testing of all formats on the market. Go! is a new brand with products optimised for process control. AudioDev also offers an extensive service network, as well as customised training and independent test analyses via AudioDev's TestCenter. AudioDev's customers include Technicolor, Ritek Global Media, Microsoft, EMI, Sonopress, Pioneer, Cinram, Panasonic, MBI and CMC. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/04/28/20040428BIT21280/wkr0006.pdf Read or download the pdf version