Volvo 1998 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 1998 Volvo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 112

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112

Annual General Meeting, April 28
The Annual General Meeting of AB Volvo
will be held in Göteborg, in Lisebergshallen
(entrance from Örgrytevägen), on Wednesday,
April 28, 1999, at 2:00 p.m.
Notice
Shareholders who wish to participate must:
be recorded in the share register maintained
by Värdepapperscentralen VPC AB (Swedish
Central Securities Depository) not later than
April 16, 1999
give notice of intention to attend not later than
12:00 noon, Friday, April 23, 1999
• by telephone, +46-31 59 00 00 beginning
April 6
• by mail addressed to AB Volvo (publ), Legal
Department, SE-405 08 Göteborg, Sweden
When giving notice, shareholders should state
their:
• name
• personal number (registration number)
• address and telephone number
Shareholders whose shares are held in the trust
department of a bank or by a brokerage firm
should request that the shares be temporarily
reregistered in the shareholder’s name several
banking days prior to April 16, 1999.
May 3 has been proposed as the record date for
payment of dividends, which are expected to
be distributed on May 10.
Volvo’s Nominating Committee
The following persons were named members
of Volvo’s Nominating Committee at the 1998
Annual General Meeting:
Tomas Halvorsen The National Pension
Insurance Fund, Fourth
Fund managing board
Bo Eklöf Försäkringsbolaget SPP
Lars-Erik Pettersson Skandia
Håkan Frisinger Chairman of the Board of
AB Volvo
Bengt Hane Representative for share-
holders with smaller hold-
ings
The Nominating Committee is responsible for
submitting to the Annual General Meeting the
names of candidates to serve as members of the
Board of Directors and as auditors and deputy
auditors. The Committee also proposes the
amount of the fees to be paid to the holders
of these positions.
Against the back-
ground of the con-
solidation under
way in the transport
vehicle industry,
Volvo conducted a
strategic review of the company’s opera-
tions. As a result of this evaluation, Volvo’s
Board of Directors proposed a sale of Volvo
Cars to Ford, which also was approved
by the Extraordinary General Meeting in
AB Volvo on March 8, 1999.
The sale improves Volvo Cars’ future
prospects and means that Volvo can esta-
blish a partially new, stronger Volvo totally
focused on commercial products; incorpora-
ting trucks, buses, construction equipment,
marine and industrial engines and aero-
space components.