To the minority shareholders of Dagon AB (publ)
2012-11-06
Klövern AB (publ), reg.no 556482-5833 (“Klövern”), in a letter dated 17 April 2012, informed the Board of Directors of Dagon AB (publ), reg.no 556431-0067 (“Dagon”), that it owned more than nine-tenths of Dagon’s shares and that the requested purchase price for the remaining shares would be determined by arbitrators under Chapter 22, sections 5 and 6, of the Companies Act (2005:551).
The shareholders of Dagon were notified about this request by a notice published on 21 May 2012 in the Swedish Official Gazette and by a letter dated in May 2012, to all shareholders whose postal address was known. An announcement was published in the Swedish daily newspaper Svenska Dagbladet that the notice was available on Dagon’s website.
On 17 July 2012, the Swedish Companies Registration Office appointed attorney Stefan Kamlin as trustee for the minority shareholders in Dagon. Klövern was represented in this matter by attorney Patrik Essehorn and Victor Holmberg, LL.B, MAQS Law Firm Advokatbyrå AB, Box 7009, 103 86 STOCKHOLM.
An arbitration panel has been appointed to consider the matter of buying out the shares. The panel consists of attorney-at-law Viktor Magnell, appointed by Klövern, attorney-at-law Lars Millberg, appointed by the trustee, and former Justice of the Supreme Court, Hans Danelius, who will also chair the panel, appointed by the other two arbitrators
If the arbitration panel finds that Klövern is entitled to a buy-out, the panel shall determine the price to be paid for the minority shareholders’ shares in Dagon. Interest shall be paid on this amount. Klövern may request advance vesting of title to the shares. Such a request may be granted only if there is entitlement to a buy-out, and security, approved by the arbitration panel, has been provided for the future purchase price and interest. If advance vesting of title is granted, a claim may also be made for advance payment to the shareholders of amounts approved by Klövern.
Minority shareholders do not need to take any action to obtain payment for their shares but are represented by the trustee and are bound by the actions undertaken by this trustee. If, however, a minority shareholder wishes to conduct his or her action in person or through an attorney, and thus not be represented by the trustee, he or she shall notify me of this in writing within two weeks of publication of this notice in Svenska Dagbladet and the Swedish Official Gazette, providing a postal address and, if possible, an e-mail address.
A minority shareholder may also request to conduct his or own action at a subsequent time but will then be bound by the actions undertaken by the trustee prior to my receiving this notification.
Notices and other communications will be sent only to Klövern’s attorney, the trustee and the minority shareholders, who have notified in writing that they wish to conduct their own action.
The costs of the arbitral procedure will be borne by Klövern, unless the arbitration panel finds that there are special reasons to instruct any other shareholder to defray the whole or part of these costs.
Information about the procedure and about documents pertaining to the matter may be obtained from the trustee, attorney Stefan Kamlin, Advokatfirma DLA Nordic KB, Box 7315, 103 90 STOCKHOLM, telephone +46 8-22 90 80, stefan.kamlin@dlanordic.se and chairman and former Justice of the Supreme Court Hans Danelius, Roslinvägen 33, 168 51 Bromma, telephone +46 8-37 34 91, hans.danelius@telia.com.
Nyköping 6 November 2012
Klövern AB (publ)
For further information, please contact:
Rutger Arnhult, CEO, +46 70-458 24 70, rutger.arnhult@klovern.se
Britt-Marie Nyman, Finance and IR Manager, Deputy CEO, +46 155-44 33 12/+46 70-224 29 35,
britt-marie.nyman@klovern.se
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 30 September 2012, the value of the properties totalled approximately SEK 22.3 billion and the rental income on an annual basis was around SEK 2.4 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. Website: kelly.corem.se. info@klovern.se
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 6 November 2012.