Annual General Meeting of Scandiaconsult
Annual General Meeting of Scandiaconsult · The shareholders will receive a regular dividend of SEK 1.75 per share (1.50) and an extra dividend of SEK 2.00 per share (4.00). · The AGM granted authorisation to carry out a buy-back of Scandiaconsult shares. "Scandiaconsult is a profitable and efficient company with a strong and stable earning ability, which gives us excellent capabilities for ongoing expansion. We see favourable opportunities for positive development. Our ambition is to achieve further earnings growth in 2002 through both increased sales and additional employees in our various local markets", said Scandiaconsult's Managing Director and CEO Torbjörn Torell in his address at Tuesday's Annual General Meeting. The AGM voted in favour of the Board's proposed dividend of SEK 3.75 per share, of which 1.75 per share comprises a regular dividend and SEK 2.00 per share is an extra dividend. The record date for dividends is 13 May 2002 and payment is expected to take place on 16 May 2002. The AGM also authorised the Board to pass decisions regarding a buy-back of shares in the company on one or several occasions before the next Annual General Meeting. The Board thus has the right to decide on the acquisition shares in an amount whereby the company's own holdings do not exceed one tenth of all shares in the company at any given time. The shares may be acquired at the applicable market rate on the acquisition date with a deviation not exceeding the registered price interval at any given time. The purpose of the buy-back is to give the Board an opportunity to adjust the company's capital structure and to acquire operations through payment with the company's own shares. Board members Lars-Ove Håkansson, Jørgen Andersen, Svein Ribe Anderssen, Klas Cederwall, Jørn B. Jensen, Torbjörn Torell and Thord Wilkne were re- elected by the AGM. At the statutory meeting following the AGM, Lars-Ove Håkansson was re- elected as Chairman of the Board. For more information contact Managing Director and CEO Torbjörn Torell or CFO Per Leopoldson, telephone +46 8 615 60 00. Scandiaconsult is a leading consulting engineering company in the Nordic market. The Group offers comprehensive solutions in the fields of infrastructure and construction - from concept and analysis, planning, design and project management to operation and maintenance. Scandiaconsult's technical competency is combined with in-depth knowledge about the environment, international development issues and sustainable use of natural resources. Scandiaconsult has 2,000 employees at 50 locations in Sweden, Norway and Finland. The Group has an annual turnover of SEK 1.5 billion and is quoted on the A list of the Stockholm Stock Exchange. For more information see www.scc.se. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/05/27/20020527BIT00870/wkr0001.doc http://www.waymaker.net/bitonline/2002/05/27/20020527BIT00870/wkr0002.pdf