Handelsbanken's annual general meeting

Tue, Apr 27, 2004 13:35 CET Report this content

Board

At the annual general meeting on 27 April 2004, the board of Handelsbanken was re-elected with the exception of Lotty Bergström who had declined re-election.

 

New members elected to the board were Bente Rathe, Trondheim, Norway and Ulrika Boëthius, Stockholm.

 

At the subsequent first board meeting, Arne Mårtensson was appointed chairman of the board and Hans Larsson and Anders Nyrén as vice chairmen.

 

The board members are listed below.

 

The annual general meeting adopted the board's proposal for a dividend of SEK 5.25 per share. The record day for dividend is Friday, 30 April 2004. The dividend is expected to be distributed by the VPC on Wednesday, 5 May 2004.

 

In accordance with the board's proposal, the annual general meeting authorised the board to resolve on purchase of the Bank's own class A and/or B shares during the period until the annual general meeting in 2005 on the following conditions:

The purchases shall be made on Stockholmsbörsen, the Stockholm stock exchange

The Bank may purchase a total of no more than 40 000 000 class A and/or B shares.

The shares must be acquired at the market price applicable at the time of purchase.

 

The meeting also decided to authorise the board to resolve on a) disposal of the Bank's own shares, deviating from the shareholders' preferential rights, as payment in connection with future acquisition of a company or business, and b) with or without preferential rights for the shareholders, to resolve on disposal of the Bank's own shares in some other way than through Stockholmsbörsen in order to finance acquisition of a company or business. In cases where disposal is made deviating from the shareholders' preferential rights, the remuneration for shares sold must correspond to an estimated market value and may be payable in other forms than cash. In other respects, the following terms shall apply:

The authorisation can be utilised on one or more occasions until the next annual general meeting.

The authorisation covers all class A or B shares in Handelsbanken held by the Bank at the time of the board's resolution.

 

 

The annual general meeting resolved in accordance with the board's proposal to reduce the share capital by 85 438 100 Swedish kronor through cancellation without repayment of 400 class A shares and 21 359 125 class B shares held by the Bank, which were repurchased in previous years. The purpose of the reduction is for the reduction amount to be allocated to unrestricted equity.

 

With the consent of the Finansinspektionen, the share capital can be reduced without the permission of a court of law, if the Bank takes measures so that the Bank's share capital does not decrease as a result of the reduction.

 

The annual general meeting therefore resolved by means of a bonus issue to increase the Bank's share capital by 104 008 112 Swedish kronor by transferring this amount from distributable profits, where the nominal value of the shares would increase from 4 kronor to 4.15 kronor. As a consequence of this, the annual general meeting also resolved to amend section 5 of the Articles of Association regarding the nominal value of the share in accordance with this.

 

 

 

PIRKKO ALITALO, Helsinki

JON FREDRIK BAKSAAS, Sandvika

ULRIKA BOËTHIUS, Stockholm

Tommy Bylund, Ljusdal

GÖRAN ENNERFELT, Upplands Väsby

LARS O GRÖNSTEDT, Stockholm,

SIGRUN HJELMQUIST, Djursholm

HANS LARSSON, Stockholm

FREDRIK LUNDBERG, Djursholm

SVERKER MARTIN-LÖF, Stockholm

ARNE MÅRTENSSON, Djursholm

ANDERS NYRÉN, Bromma

BENTE RATHE, Trondheim