New Board Members proposed for Ratos
New Board Members proposed for Ratos Three new Members have been proposed for election to the Ratos Board of Directors. This is announced in the Notice of the Annual General Meeting which is published today. The Notice states that shareholders representing approximately 70 per cent of the votes support the proposal to elect Lars Berg, Head of Mannesman Telecom, Jan Söderberg, Chairman in Svenska Industriplast and Per-Olof Söderberg, President of Dahl International. Board Members Peggy Bruzelius, Harry Faulkner, Göran Grosskopf, Arne Karlsson and Olof Stenhammar are proposed for re-election. Mikael Lilius, Lars Söderberg and Sven Söderberg are not standing for re-election. Dividend of SEK 4.50 proposed The Board of Directors proposes a dividend of SEK 4.50 per share (3.50) and also proposes that the AGM authorise the Board to acquire up to ten per cent of the Company's shares via the market. Change of Name The Board of Directors proposes that the Annual General Meeting resolve to change the name of the Company from currently "Förvaltnings AB Ratos (publ)" to "Ratos AB (publ)". Söderberg prize for journalism In connection with the AGM, Göran Albinsson Bruhner - recipient of the Söderberg Journalist of the Year 2000 Award - will make a speech on the theme "We are all in favour of a free press. We just can't stand the papers." The prize money is SEK 100,000. The AGM will be held in Grand Hôtel, Vinterträdgården, in Stockholm on 13 April at 5.30 pm. Information about buy-back is available on www.ratos.se/aktien/aterkop.asp For further information, please contact: Anna-Karin Eliasson, IR/Corporate Communications, +46-70 399 62 39 Ratos is a listed Private Equity company whose business concept is to create the highest possible yield for its shareholders through professional, active and responsible exercising of the ownership role in a number of selected companies and investment situations in which Ratos creates a unique investment opportunity for the operators on the stockmarket. Added values are created in connection with acquisition, development and divestment of companies. The Net asset value amounts to SEK 10bn. Ratos' Active holdings are Scandic Hotels, Telelogic, Dahl, Superfos, Capona, Esselte, DataVis, Telia Overseas and ACE. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/03/09/20000309BIT00240/bit0001.doc http://www.bit.se/bitonline/2000/03/09/20000309BIT00240/bit0002.pdf