STOCKHOLM, Sweden - (Business Wire) Regulatory News:
At the Annual General Meeting of Swedish Match on 22 April, it was resolved in accordance with the proposal of the Board of Directors to pay a dividend of 3.50 SEK per share. The record date for the dividend entitlement was set at 25 April, 2008. The dividend is expected to be distributed on 30 April, 2008, through VPC.
The shareholders re-elected Charles A. Blixt, Andrew Cripps, Arne Jurbrant, Conny Karlsson, Kersti Strandqvist and Meg Tivéus to the Board of Directors, and Karen Guerra was elected as new member of the Board. Conny Karlsson was re-elected Chairman and Andrew Cripps was elected deputy Chairman of the Board of Directors.
Furthermore, the shareholders approved a mandate to repurchase up to 10 percent of the shares of the Company for a maximum amount of 3,000 MSEK. In addition, the shareholders resolved to withdraw 12,000,000 previously repurchased shares, with a simultaneous bonus issue without issuing new shares, of an amount corresponding to the number of withdrawn shares or 17,506,310.89 SEK. The shareholders also approved the proposal that the reduction will be allocated to a fund for use in repurchasing the Company’s own shares.
The Annual General Meeting re-elected KPMG Bohlins AB as auditor for four years.
In addition, shareholders approved all other proposals made by the Board of Directors and the Nominating Committee as outlined in the published notice of the Annual General Meeting for Swedish Match AB.
Swedish Match is a global Group with a broad offering of market-leading brands in smokefree tobacco products, cigars, pipe tobacco and lights products. The Group’s global operations generated sales of 12,551 MSEK for the twelve month period ending December 31, 2007. The Swedish Match share is listed on the OMX Nordic Exchange in Stockholm (SWMA).
Swedish Match AB (publ), SE-118 85 Stockholm
Visiting address: Rosenlundsgatan 36, Telephone: +46 8 658 02 00
Corporate Identity Number: 556015-0756
www.swedishmatch.com
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Swedish Match
Sven Hindrikes, +46 8 658 02 82
Mobile +46 70 567 41 76
President and Chief Executive Officer
or
Lars Dahlgren, +46 8 658 04 41
Mobile +46 70 958 04 41
Chief Financial Officer
or
Henrik Brehmer, +46 8 658 04 52
Mobile +46 76 111 34 14
Senior Vice President Corporate Communications
or
Emmett Harrison, +46 8 658 01 73
Mobile +46 70 938 01 73
Vice President, Investor Relations
or
Richard Flaherty, COO OTP, +1 804 302 1774
Mobile +1 804 400 1774
North America Division, US Investor Relations
