Redemption program 2007
Motions to the Annual General Meeting
The Annual General Meeting will be held at Jernvallen in Sandviken on 26 April, at 5:00 p.m. The annual report for 2006 will be available approximately one month before the Meeting.
As a result of the company's strong financial development and healthy prospects for the future, the Board of Directors proposes that the Annual General Meeting approve a dividend of SEK 3.25 per share (2.70 calculated after the split 5-for-1) or a total of SEK 3,855 M (3,203). The motion represents an increase of 20% compared with the preceding year and corresponds to 50% of earnings per share.
The proposed record date for the dividend is 2 May, 2007.
Extra distribution of funds
The Board also proposes that the Annual General Meeting vote to implement a mandatory redemption process, whereby approximately SEK 3,600 M, or SEK 3.00 per share, be distributed to the shareholders.
The estimated record date for the extra distribution is 22 May, 2007.