Report from Trelleborg AB:s Annual General Meeting
The Trelleborg Annual General Meeting on April 26, 2001, attracted
nearly 1,200 participants to the Söderslättshallen in Trelleborg.
In his address to the shareholders, Group CEO Fredrik Arp commented on
operations during the 2000 financial year and the work in progress to
create continuing growth. He then described the Trelleborg of today - a
streamlined industrial Group with annual sales of approximately SEK 17
billion and around 16,500 employees in 40 countries. Today, the Nordic
region accounts for just 17 percent of total Group sales, while the rest
of Europe accounts for 53 percent and North America for 25 percent.
Fredrik Arp concluded his address by reporting on the Group's results
for the first quarter of 2001. He noted that operating profit (excluding
non-comparable items) rose by 37 percent to SEK 299 M, despite a
downturn in the American market.
The Annual General Meeting voted unanimously to adopt the Board's and
the President's proposal to pay a dividend of SEK 3.75 per share. May 2
was approved as the record date for the dividend, which means that it
will be paid through VPC commencing on May 7, 2001.
The Board of Directors has earlier decided earlier that the the dividend
should amount to between 30 and 50 percent of net profit per year over
the long term. The former dividend policy stated that the dividend
should correspond to about one third of net profit for the year over the
All of the Board members were reelected. At the statutory Board Meeting
following the AGM, Rune Andersson was reelected Chairman and Lennart
Nilsson Vice Chairman of the Trelleborg Board.
Share buy-back program
The Annual General Meeting extended its earlier authorization to the
Board to repurchase 10 percent of the shares outstanding in Trelleborg
during the period up to the date of the next Annual General Meeting
Options program for Senior Executives
Within the framework of the options program approved by the Annual
General Meeting in year 2000, the Board was also authorized to allot
call options to senior executives in the Group. The program extends to a
maximum of 1,100,000 shares that will be distributed among approximately
120 persons with each allotment ranging from 5,000 to 40,000 call
Trelleborg April 26, 2001
Corporate Communications Department
For further information, please contact Executive Vice President,
Corporate Communications, Mikael Byström, telephone: +46 410 670 37,
or +46 0708-55 21 69.
Trelleborg is a global industrial group. Operations are based on
spearhead competence within polymer materials and a high level of
industrial know-how, combined with functional solutions and systems
designed to meet the needs of our customers. The Trelleborg Group has
annual sales of approximately SEK 18 billion (pro forma) with
approximately 16,500 employees in 40 countries. Trelleborg consists of
four business areas: Trelleborg Automotive, Trelleborg Wheel Systems,
Trelleborg Engineered Systems and Trelleborg Building Systems. The
Trelleborg share has been quoted on the A list of the OM Stockholm
Exchange since 1964.
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