To All:
FYI
Subject:
ANNUAL GENERAL MEETING OF TELEFONAKTIEBOLAGET L M
ERICSSON
Date:
30 Mar 1998 17:09:19 -0000
From:
alias@www.ericsson.nl
Reply-To:
pressmailer@www.ericsson.nl
To:
press-releases@www.ericsson.nl
ANNUAL GENERAL MEETING OF TELEFONAKTIEBOLAGET L M ERICSSON
The Annual General Meeting of Telefonaktiebolaget LM Ericsson was
held on Monday March 30, in Stockholm
The Company's and the group's income statements and balance sheets
were adopted and the Board of Directors and the President were
discharged from liability for the fiscal year 1997.
The Meeting approved a dividend of SEK 3.50 per share, a raise of 40
percent. Shareholders who are recorded in the share register on the
record date, April 2, 1998, are entitled to receive dividend, which
is expected to be paid on April 9, 1998.
The Meeting also approved a bonus issue, whereby one new A- and
B-share will be received for each old A- and B-share, respectively.
The record day for the bonus issue is May 27, 1998. The Meeting also
decided to change the Articles of Association whereby the capital
stock amount limits are changed to minimum SEK 2,000m. and maximum
SEK 8,000m.
The following Directors of the Board were re-elected; Bo Berggren,
Tom Hedelius, Sverker Martin-L”f, Lars-Eric Petersson, Lars
Ramqvist, Clas Reuterski”ld, Peter Sutherland, Marcus Wallenberg and
Sven grup. Bj”rn Svedberg had declined re-election. Sven Christer
Nilsson was elected new director of the Board.
At the statutory meeting of the Board of Directors following the
Annual General Meeting, Lars Ramqvist was elected Chairman. Tom
Hedelius and Marcus Wallenberg were elected Vice Chairmen.
Carl-Eric Bohlin, Olof Herolf and Tomas Thies were re-elected to
serve as auditors.
FOR FURTHER INFORMATION, PLEASE CONTACT
Lars A. St†lberg, Senior Vice President, Corporate Relations
Tel. +46 8 719 3162, +46 70 555 6066 |
