Bulletin from PartnerTech Annual General Meeting, April 26, 2004
Bulletin from PartnerTech Annual General Meeting, April 26, 2004 CEO Michael Jonson noted in his address that 2003 started off slowly but steadily improved during the second half of the year. The progress was due primarily to the company's cost effectiveness program and stepped-up marketing efforts. The favorable trend has continued in 2004, the number of contracts increasing and earnings rising substantially. PartnerTech has taken market share in electronics and mechanics - and particularly in mechatronics, for which a number of major contracts have been signed. The annual general meeting of PartnerTech AB (publ) approved the following resolutions of the Board: No dividend will be distributed for 2003. Mikael Jonson, Patrik Tigerschiöld and Claes Wretlind were reappointed to the Board. Johan Ek, Rune Glavare and Dag Tigerschiöld were appointed as new Board members. Andrejs Cakste and Chairman Johan Siberg declined reappointment and stepped down after nine and two years respectively on the Board. The statutory Board meeting afterwards chose Dag Tigerschiöld as the new Chairman. The annual general meeting authorized the Board to reach a decision on an issue of new shares to provide the company with additional capital or to enable acquisitions. The authorization permits a maximum of 1,000,000 shares at a par value of 5 kronor each. The members of the board and the CEO were discharged from liability with respect to 2003. For additional information, please call: Mikael Jonson, CEO, +46 70-678 1001, or Jonna Opitz, Investor Relations, +46 40-10 26 43 Upcoming interim reports: Report for January-June - Thursday, July 15, 2004 Report for January-September - Thursday, October 21, 2004 PartnerTech develops and manufactures products under contract for leading companies, primarily in telecommunications, IT, the engineering sector and medical technology. The company (www.partnertech.se), which has approximately 1,150 employees, posted sales of more than SEK 1.3 billion in 2003 and is quoted on the O list of the Stockholm Stock Exchange. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/04/27/20040427BIT20080/wkr0001.pdf The pressrelease in pdf