Report from the Autoliv shareholders Meeting
Report from the Autoliv shareholders' Meeting (Stockholm, May 6, 1999) -- Autoliv Inc. (NYSE: ALV and SSE: ALIV), the worldwide leader in automotive safety systems, held its annual meeting in Stockholm today. Shareholders' proxies were received in sufficient quantity to approve the three proposals that came before the shareholders' meeting. Wilhelm Kull, S. Jay Stewart and Roger W. Stone were re-elected directors of the corporation, the Amendment to the Autoliv 1997 Stock Incentive Plan was approved and Ernst & Young AB was ratified as Autoliv's independent auditing firm for 1999. Dividend At the board meeting today, a dividend of 11 cents per share of common stock was declared. This dividend is payable on September 2, 1999 to all shareholders of record at the close of business on August 5, 1999. Autoliv Inc. develops and manufactures automotive safety systems for all major automotive manufacturers in the world. The company has 60 wholly-owned subsidiaries and joint ventures with more than 20,000 employees in 28 vehicle-producing countries. In addition, the company has eight technical centers around the world, including 19 test tracks, more than any other automotive safety supplier. Sales in 1998 amounted to close to US $3.5 billion and net income US $188 million. The company's shares are listed on the New York Stock Exchange (NYSE: ALV), its Swedish Depositary Receipts on the Stockholm Stock Exchange (SSE: ALIV) and its stock options on the Chicago Board Options Exchange (CBOE: ALV.) Inquiries: Mats Ödman, Dir. Corp. Com., Tel. +46(8)58 72 06 23, or mob. +46 (708) 32 09 33 Barry Murphy, Director Investor Relations, Tel. +1 (248) 475-0409 Website: www.autoliv.com Autoliv Inc. Autoliv North America, Inc. Klarabergsviadukten 70, Sec. C 1320 Pacific Drive P. O. Box 703 81, SE-107 24 Stockholm, Sweden Auburn Hills, MI 48326- 1569, USA Tel +46 (8) 58 72 06 23, Fax +46 (8) 24 44 79 Tel +1 (248) 475-0409, Fax +1 (248) 475-9831 e-mail: mats.odman@autoliv.com e-mail: barry_murphy@autolivasp.com ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/05/06/19990506BIT00610/bit0001.pdf http://www.bit.se/bitonline/1999/05/06/19990506BIT00610/bit0002.doc