SCA's Annual General Meeting 2004
The Annual General Meeting approved the dividend of SEK 10:50 (9.60) per
share for fiscal year 2003. Accordingly, the dividend has increased 11%
annually during the past five years. The record date for the dividend is
6 April 2004 and payment of dividend by VPC is expected on 13 April
Election of Board members and auditor
The Board members Rolf Börjesson, Sören Gyll, Tom Hedelius, Sverker
Martin-Löf, Anders Nyrén, Indra Åsander and Jan Åström were re-elected.
At the statutory Board meeting, Sverker Martin-Löf was re-elected
Chairman. The Annual General Meeting approved the re-election of the
Öhrlings PricewaterhouseCoopers auditing firm for the period through to
the close of the Annual General Meeting in 2008.
Acquisition and transfer of own shares
The Annual General Meeting resolved to authorize the Board during the
period until the next Annual General Meeting, to decide on the
acquisition of company shares on the stock exchange and to transfer any
shares thus acquired otherwise than on a stock exchange. The company's
acquisition of own shares may amount up to 10% of the total number of
shares in the company. The purpose is to provide the Board with the
possibility to use company shares as payment for acquisitions.
The speech delivered by President and CEO Jan Åström at the Annual
General Meeting is presented at SCA's website www.sca.com. The speech is
available from 2 April.
Stockholm, 1 April 2004
SVENSKA CELLULOSA AKTIEBOLAGET SCA (publ)
Communications and Investor Relations
For further information, please contact:
Jan Åström, President and CEO. Phone: +46 70 586 0701.
Peter Nyquist, Senior Vice President, Communications and Investor
Phone: +46 70-575 2906.
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