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Swedish Match AB (Publ) Swedish Match Corporation ˆ1G1ZHF=Q0FVDZ8V+Š 1G1ZHF=Q0FVDZ8V LONFBU-2K-PF008 SWEDISH MATCH RR Donnelley ProFile8.8.13 LON wickp0ln23-Jun-2005 09:35 EST 51876 FS 1 4* FORM 20-F LON HTM ESS 0C Page 1 of 2 As filed with the Securities and Exchange Commission on June 23, 2005 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F REGISTRATION STATEMENT PURSUANT TO SECTION 12(B) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ⌧ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2004 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the period from to Commission file number 0-28038 Swedish Match AB (publ) (Exact name of Registrant as specified in its charter) Swedish Match Corporation (Translation of Registrant’s name into English) Kingdom of Sweden (Jurisdiction of incorporation or organization) Rosenlundsgatan 36 S-118 85 Stockholm, Sweden (Address of principal executive offices) Securities registered pursuant to Section 12(b) of the Act: None Securities registered or to be registered pursuant to Section 12(g) of the Act: Shares, nominal value SEK 2.40 per share (Title of Class) Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period TABLE OF CONTENTS Page INTRODUCTION AND USE OF CERTAIN TERMS ...............................................................................................i FORWARD-LOOKING STATEMENTS....................................................................................................................i PART I ........................................................................................................................................................................1 ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS .................1 ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE ...................................................1 ITEM 3. KEY INFORMATION........................................................................................................1 3.A Selected Financial Data .......................................................................................................1 3.B Capitalization and Indebtedness ..........................................................................................3 3.C Reasons for the Offer and Use of Proceeds .........................................................................3 3.D Risk Factors.........................................................................................................................4 ITEM 4. INFORMATION ON THE COMPANY.............................................................................7 4.A History and Development....................................................................................................7 4.B Business Overview ..............................................................................................................8 4.C Organizational Structure....................................................................................................25 4.D Property, Plants and Equipment ........................................................................................25 ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS....................................26 5.A Operating Results ..............................................................................................................26 5.B Liquidity and Capital Resources........................................................................................39 5.C Research and Development, Patents and Licenses, etc......................................................40 5.D Trend Information..............................................................................................................41 5.E Off-Balance Sheet Arrangements ......................................................................................42 5.F Tabular Disclosure of Contractual Obligations .................................................................42 ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES.....................................42 6.A Directors and Senior Management ....................................................................................42 6.B Compensation....................................................................................................................44 6.C Board Practices..................................................................................................................47 6.D Employees .........................................................................................................................49 6.E Share Ownership ...............................................................................................................50 ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS ...................51 7.A Major shareholders ............................................................................................................51 7.B Related Party Transactions ................................................................................................51 7.C Interests of Experts and Counsel .......................................................................................52 ITEM 8. FINANCIAL INFORMATION.........................................................................................52 8.A Consolidated Statements and Other Financial Information ...............................................52 8.B Significant Changes...........................................................................................................53 ITEM 9. THE OFFER AND LISTING............................................................................................53 9.A Offer and Listing Details ...................................................................................................53 9.B Plan of Distribution ...........................................................................................................55 9.C Market ...............................................................................................................................55 9.D Selling Shareholders..........................................................................................................55 9.E Dilution..............................................................................................................................55 9.F Expenses of the issue.........................................................................................................55 ITEM 10. ADDITIONAL INFORMATION .....................................................................................55 10.A Share Capital .....................................................................................................................55 10.B Memorandum and Articles of Association ........................................................................55 10.C Material contracts ..............................................................................................................58 10.D Exchange controls..............................................................................................................58 10.E Taxation.............................................................................................................................58 10.F Dividends and Paying Agents............................................................................................61 10.G Statements by Experts .......................................................................................................61 10.H Documents on Display.......................................................................................................61 10.I Subsidiary Information......................................................................................................61 ITEM 11. QUANTITATIVE AND QUALITATIVE INFORMATION ABOUT MARKET RISK ON DERIVATIVES AND OTHER FINANCIAL INSTRUMENTS.....................61 ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES ..................63 PART II .....................................................................................................................................................................63 ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES............................63 ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS...............................................................................................63 ITEM 15. DISCLOSURE CONTROL AND PROCEDURES ..........................................................63 ITEM 16A. AUDIT COMMITTEE FINANCIAL EXPERT................................................................64 ITEM 16B. CODE OF BUSINESS CONDUCT AND ETHICS..........................................................64 ITEM 16C. ACCOUNTANTS’ FEES AND SERVICES ....................................................................64 ITEM 16D. EXEMPTIONS FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES .................................................................................................................65 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS .........................................................................................66 ITEM 16E. PURCHASES OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS .........................................................................................66
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