Peab's general meeting 2004
Annual General Meeting of Peab AB, 2004 · Cash dividend amounting to SEK 2.20 · Continued authorisation to repurchase · Göran Grosskopf new member of the board · The Annual General Meeting of Peab AB (publ) was held on Thursday 13 May. The meeting approved the board's proposed dividend of SEK 2.20 per share. May 18 was appointed Record Day and it is estimated that dividends will be sent out by the Securities Register Centre (VPC) on Monday 24 May. The meeting discharged the board and CEO from liability for the 2003 financial year. Board members Ulf H Jansson, Jan Segerberg, Svante Paulsson, Annette Brodin Rampe, Karl-Axel Granlund and Mats Paulsson were re-elected. Göran Grosskopf was elected to the board for the first time. Göran Grosskopf is 59 years, chairman of the board in Inter IKEA AS and the Bergendahl group, member of the board in AB Ratos and Possio AB. The meeting also authorized to accord the board the authority to decide on the repurchase of a maximum of 980.000 A-shares and a maximum of 8.700.000 B-shares, but not more than a total of 8.700.000 shares in the company. The shares may be acquired other than in proportion to the shareholders' holdings, and shares may be acquired either on the Stockholm Stock Exchange or through offer to purchase during the period up to the next Annual General Meeting. The price paid for the shares shall be the stock exchange price at the time of purchase with a maximum deviation of + 10%. The shares may be purchased to improve the company's capital structure, to be used to finance acquisitions or other transactions, or for divestment or redemption purposes. The meeting also authorised the board to decide whether to sell the purchased Peab shares during the period up to the next Annual General Meeting. The authorisation gives the board the right to make decisions about to whom the shares are to be sold and the conditions and manner of sale. Where shares are sold on the Stockholm Stock Exchange, the lowest price at which the board is authorised to sell the shares is the stock exchange price at the time of the sale. These authorisations give the board the right to decide on other issues related to the purchase and sale of Peab shares. The meeting further authorised the board to decide on one or more new issues of B-shares during the period up to the next Annual General Meeting. The authorisation is for a maximum of in all 10% of the total registered number of shares at the time of authorisation. Any new issue shall be made according to the market's usual terms and conditions. Ulf H Jansson, Mats Paulsson, Malte Åkerström and Leif Franzon were appointed to the nomination committee. For more information please contact: Mats Leifland, Deputy MD Peab +46 733 37 10 06 Gösta Sjöström, Information Manager Peab +46 733 37 10 10 Previous press releases from Peab are available at www.peab.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/05/13/20040513BIT00380/wkr0001.doc http://www.waymaker.net/bitonline/2004/05/13/20040513BIT00380/wkr0002.pdf