ANNUAL GENERAL MEETING OF SHAREHOLDERS
New York and Stockholm - Tele2 AB, ("Tele2"), (Nasdaq Stock Market:
TLTOA and TLTOB and Stockholmsbörsen: TEL2A and TEL2B), the leading
alternative pan-European telecommunications company, today announced
that the company's Annual General Meeting (AGM) of shareholders held
today in Stockholm re-elected Marc Beuls, Vigo Carlund, Bruce Grant,
Sven Hagströmer and Håkan Ledin as Board members. John Shakeshaft and
Cristina Stenbeck were elected as new members of the Board of Directors.
Mikael Winkvist was elected as deputy auditor.
The AGM approved the proposal from the Board of Directors not to
distribute a dividend to shareholders for 2002.
The AGM resolved to approve the existing procedure for the nomination of
Board Directors. A Chairman of the group of major shareholders
responsible for nominating Board members will be announced before the
At a statutory Board meeting following the AGM, Sven Hagströmer was
elected as Chairman of the Board of Directors. Sven Hagströmer has
served as a Non-Executive Director of Tele2 since 1997 and is Chairman
of Investment AB Öresund, AB Custos and Acando, as well as a member of
the Boards of LGP Telecom Holding AB, Avanza AB and HQ Fonder. John
Shakeshaft is an advisor to the board of Quintain Estates and
Development plc and an external member of the University of Cambridge
audit committee. Cristina Stenbeck is Vice Chairman of the Board of
Directors of Metro International and a member of the Board of Directors
of Modern Times Group.
Authorisation was given for the Board of Directors to, on one or several
occasions during the period until the next Annual General Meeting, issue
subordinated debentures with no more than 217,300 detachable warrants,
in order to enable stock options to be granted under the incentive
programme adopted at the Annual General Meeting held on 16 May 2002. The
right to subscribe for debentures shall, disregarding the shareholders'
preferential rights, be given to wholly owned subsidiaries in the group.
Tele2 AB, formed in 1993, is the leading alternative pan-European
telecommunications company offering fixed and mobile telephony, data
network and Internet services under the brands Tele2, Tango and Comviq
to over 17.7 million people in 22 countries. Tele2 operates Datametrix,
which specializes in systems integration, 3C Communications, providing
integrated credit card processing, web payment solutions and public
payphones; Transac, providing billing and transaction processing
service; C³, offering co-branded pre-paid calling cards and Optimal
Telecom, the price-guaranteed residential router device. The Group
offers cable television services and, together with MTG, owns the
Internet portal Everyday.com. The Company is listed on the
Stockholmsbörsen, under TEL2A and TEL2B, and on the Nasdaq Stock Market
under TLTOA and TLTOB.
Lars-Johan Jarnheimer Telephone: + 46 8 562 640 00
President and CEO, Tele2 AB
Hakan Zadler Telephone: +46 8 562 640 00
CFO, Tele2 AB
Andrew Best/ Dwayne Taylor Telephone: + 44 20 7321 5022
Visit us at our homepage: http://www.Tele2.com
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