Proposal to Industrivärden's Annual General Meeting to Authorize the Board to Purchase the Company's Own Stock
Proposal to Industrivärden's Annual General Meeting to Authorize the Board to Purchase the Company's Own Stock The Board of Directors of Industrivärden has decided to propose that the Annual General Meeting authorize the Board to make decisions on purchases and transfers of the Company's own stock. The proposal entails authorizing the Board to make decisions on purchases of the Company's own stock on the stock market and on transfers of the Company's own stock on the stock market or in another manner - on one or more occasions during the period up until the next Annual General Meeting. Such transfer would entail a departure from the shareholders' preemptive right and make it possible for payment to be made by other means than money. Purchases shall be allowed to be made of up to 5 million shares of the Company's stock. Purchases shall be allowed to be made at a price per share that is within the registered price interval at the time of the pur- chase. Transfers shall be allowed to be made of the Company's entire hold- ing of own shares. Transfers on the stock market shall be allowed to be made at a minimum price per share that is within the registered price in- terval at the time of the transfer. Transfers in another way shall be al- lowed to be made at a market price determined by the Board of Directors. The purpose of this authorization is to give the Board freedom to act in promoting the shareholders' interests through purchases and transfers of the Company's own stock, including, exercising this authority to work with the Company's debt-equity ratio and using own stock as payment in acquisi- tions. A more detailed account of the background and motives for the Board's pro- posal will be presented at Industrivärden's Annual General Meeting on Fri- day, May 5, 2000, at 2 p.m., at the Grand Hotel, Vinterträdgården, in Stockholm. Stockholm, Sweden, March 29, 2000 AB INDUSTRIVÄRDEN (publ) ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/03/29/20000329BIT01170/bit0001.doc http://www.bit.se/bitonline/2000/03/29/20000329BIT01170/bit0002.pdf