Convertible debentures for personnel
The ASSA ABLOY Group has issued several convertible debentures to employees in the Group. The first debenture was issued in 1995 and about 400 employees participated in the issue. The debenture amounted to about SEK 75 M and ran from 29 June 1995 to 30 June 2000. The second debenture was issued in 1997. A total of 1,400 employees participated in this issue. This debenture amounted to SEK 250 M and ran from 8 December 1997 to 2 December 2002.
In 2001 a convertible debenture, Incentive 2001, was issued, based on four series of convertible bonds each with a value of EUR 25 M. The only difference between the series of bonds is the conversion price. On full conversion, at a conversion price for Series 1 of EUR 15.80, Series 2 of EUR 19.00, Series 3 of EUR 22.10 and Series 4 of EUR 25.30, an additional 5,017,432 shares would be created. Any conversion of Incentive 2001 will take place in a 30-day period in October and November 2006.
In 2004 a further convertible debenture, Incentive 2004, was issued. Like Incentive 2001, this is based on four series of convertible bonds each with a value of EUR 25 M. The only difference between the series of bonds is the conversion price. On full conversion, at a conversion price for Series 1 of EUR 10.20, Series 2 of EUR 12.20, Series 3 of EUR 14.30 and Series 4 of EUR 16.30, an additional 7,782,155 shares would be created. Any conversion of Incentive 2004 will take place in a 90-day period between March and June 2009.
Over 4,000 employees in more than 15 countries are participating in the two current Incentive programs, Incentive 2001 and Incentive 2004.
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Annual General Meeting
The Annual General Meeting of ASSA ABLOY will be held in the Great Hall of the Royal Academy of Music, Nybrokajen 11, Stockholm at 15.30 on Tuesday 25 April 2006. Shareholders wishing to attend the Annual General Meeting should:
– be registered in the share register kept by VPC AB no later than Wednesday 19 April 2006
– notify ASSA ABLOY AB of their intention to attend by 16.00 on Wednesday 19 April 2006.
Registration in the share register
To have the right to attend the Annual General Meeting, shareholders whose shares are nominee-registered through a bank or other nominee must request, by Wednesday 19 April 2006 at the latest, that their holdings be temporarily registered under their own names in the share register kept by VPC AB. Shareholders must notify the nominee well in advance about this.
Notification of intention to attend
Shareholders must notify ASSA ABLOY of their intention to attend the Annual General Meeting no later than 16.00 on 19 April 2006 via:
The notification should state
– Personal identity number or Corporate identity number
– Address and daytime telephone number
– Number of shares held
– Any accompanying adviser
A shareholder who is to be represented by a proxy should send in a form of appointment for the proxy. Where a corporate body appoints a proxy, the form of appointment should be accompanied by a proof of registration for the corporate body (or, if this is not available, by a document carrying similar authority). Documents must not be more than one year old. To ensure admission to the Annual General Meeting, forms of proxy and proofs of registration should reach the company at the above address by 19 April 2006 at the latest.
The duties of the Nomination Committee are to consider the choice of the Chairman and other members of the Board of Directors, the choice of Auditor, the choice of the Chairman of the Annual General Meeting, the remuneration of the Board, and associated matters. The current members of the Nomination Committee before the 2006 Annual General Meeting are Gustaf Douglas (Investment AB Latour and SäkI), Chairman, Staffan Grefbäck (Alecta), Marianne Nilsson (Robur) and Melker Schörling (Melker Schörling and companies).
Friday 28 April 2006 has been set as the qualification day for dividends. If the Annual General Meeting decides to follow the recommendation of the Board of Directors, dividends are expected to be distributed through VPC AB on Thursday 4 May 2006.
Reports can be ordered from:
ASSA ABLOY AB
Future financial reports
First quarter: 25 April 2006
Second quarter: 9 August 2006
Third quarter: 8 November 2006
Fourth quarter and Year-end Report: February 2007
2006 Annual Report: March 2007