Klövern initiates repurchase of shares
The Board of Directors of Klövern AB (publ) has decided to initiate repurchase of own shares in accordance with the decision of the Annual General Meeting on 17 April 2012. The Annual General Meeting has authorised the Board until the next AGM to acquire own shares so that Klövern’s total holdings amount to maximum of 10 per cent of all of the shares in the company. The decision by the Board contains only common shares.
The purpose is, among other things, to be able to adapt the capital structure of the Company to the capital requirement and thus be able to contribute to increased shareholder value. The shares will be acquired on Nasdaq OMX Stockholm at a price within the price interval registered from time to time. At present, the number of repurchased shares amount to 5,884,999 corresponding to 3.3 per cent of the total number of registered shares, of which 5,741,463 common shares and 143,536 preference shares.
Nyköping, 25 May 2012
Klövern AB (publ)
For further information, please contact:
Rutger Arnhult, CEO, +46 72 301 53 31, firstname.lastname@example.org
Britt-Marie Einar, Finance and IR Manager, deputy CEO, +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. As at 31 March 2012 the value of the properties totalled approximately SEK 20.9 billion and the rental income on an annual basis was around SEK 2.3 billion. The Klövern share is listed on NASDAQ OMX Stockholm Mid Cap.
Klövern AB (publ), Box 1024, SE-611 29 Nyköping, Sweden. Tel +46 155-44 33 00, Fax +46 155-44 33 22. Corporate registration no. 556482-5833. Registered office: Nyköping. kelly.corem.se. email@example.com.
This information is such that Klövern AB (publ) is obliged to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. The information was made available for publication on 25 May 2012.