Decisions at Annual General Meeting of Shareholders in Klövern AB (publ)
At the Annual General Meeting of Shareholders 3 April 2008 the following decisions have been made among others:
For 2007 a dividend of SEK 1.50 per share will be paid. Tuesday, 8 April 2008 is record date, i.e. the date conferring entitlement to dividend. The cash dividend is expected to be paid by VPC on Friday, 11 April 2008.
Board of Directors and auditor
Stefan Dahlbo (chairman), Gustaf Hermelin, Lars Holmgren, Anna-Greta Lundh, Lars Rosvall and Fredrik Svensson were re-elected to the Board. Helen Olausson was elected as new member of the Board. A fee of SEK 875,000 will be paid to the board, of which SEK 250,000 to be paid to the Chairman of the Board and SEK 125,000 each to the other members, which is unchanged compared with previous. No fee is to be paid to the President & CEO of Klövern. The auditor will be paid in accordance with the account submitted.
Principles for remuneration and other conditions of employment for the executive management
Principles for remuneration and other conditions of employment for the executive management are to be drawn up in accordance with the Board’s proposition. The Board may depart from the principles if there are special reasons for doing so in any particular case.
The nominations committee’s is appointed in accordance with the principles that applied for the AGM 2008. These principles are available on Klövern’s website, kelly.corem.se.
Acquisition and transfer Klövern’s own shares
The Board has been authorised, at the longest until the next Annual General Meeting, to acquire and transfer Klövern’s own shares. This authorisation is intended to enable the company’s capital requirements to be continuously adapted as well as to be able to transfer shares in connection with financing of any property or company acquisitions by payment with Klövern’s own shares. Acquisition may take place of at most the number of shares that from time to time correspond to 10 per cent of the total number of shares issued by the company.
The Annual General Meeting has decided to invite shareholders to purchase or sell the number of shares required to achieve a holding equivalent to whole trading lots (a trading lot = 500 shares). If the shareholder holds less than 500 shares, the whole holding can be sold free of brokerage. It is left to the Board to decide on the period of the offer and the detailed terms and conditions.
Nyköping 3 April 2008
Klövern AB (publ)
For further information, please contact:
Gustaf Hermelin, CEO, tel +46 155-44 33 10, +46 70-560 00 00, firstname.lastname@example.org
Caesar Åfors, CFO and vice-President, tel +46 155-44 33 02, +46 70-662 48 48, email@example.com
Britt-Marie Einar, Finance and Information Manager, tel +46 155-44 33 12, +46 70-224 29 35,
Klövern is a real estate company committed to working closely with customers to meet their needs of premises and services in Swedish growth regions. Klövern has geographical units in ten cities/locations: Borås, Karlstad, Kista, Linköping, Norrköping, Nyköping, Täby, Uppsala, Västerås and Örebro. As at 31 December 2007, the value of the properties totals approximately SEK 12.2 billion and the rental income on an annual basis is approximately SEK 1,309 million. The Klövern share is listed on OMX Nordic Exchange in Stockholm for medium-sized companies.
Klövern AB (publ), Box 1024, SE-611 29 Nyköping, Sweden * Tel +46 155-44 33 00, Fax +46 155-44 33 22
Reg. no 556482-5833 * Registered office: Nyköping * Website: kelly.corem.se