I.M. Skaugen ASA held its Annual General Meeting on March 11, 1997 at 16.00 hrs. All resolutions were passed according to the notice and the Board proposals.
Mr. Bjarne Aamodt, President and CEO of STK Alcatel, was elected as a new board member for a two year period. The board of directors now has the following members:
Name Function Period
Egil Abrahamsen Chairman 1 year
Erik Eik Board member 2 years
Harald Schjoldager Board member 2 years
Morits Skaugen jr. Board member 1 year
Tore B. Steen Board member 1 year
Arild Ulmo Board member 2 years
Bjarne Aamodt Board member 2 years
The Annual General Meeting further resolved payment of dividend equal to NOK 7.50 per share in accordance with the board’s proposal. The dividend will be paid to those shareholders who were registered as owners by completion of the trading day 11 March 1997. The dividend will be paid by the company and credited the shareholders through VPS on 26 March, 1997.
The Annual General Meeting resolved to write down the share capital with 12,051 shares of face value NOK 60, in total NOK 723,060, which were company owned shares as a result of the merger and settlement of fractional shares (re. explanation in the notice). The number of shares recorded on the Oslo Stock Exchange will, therefore, from 12 March 1997 be 6,505,495 shares which, when adding 125,010 C-shares, gives a total of 6,630,505 number of shares in the company.
For further information, please contact Hege Anfindsen, phone 22 83 30 60 or e-mail address: hege.anfindsen@ngc.no, or X.400: G=HEGE; S=ANFINDSEN; P=NGC;C=NO. This press release and other information concerning I.M. Skaugen ASA are also available on the Internet:: http:/www.huginonline.no/SKA/index_e.shtml
12 March 1997
I.M. Skaugen ASA
I.M. Skaugen Hugin