Decisions at the Annual General Meeting of Shareholders of Klövern AB (publ)

2007-03-28

At the Annual General Meeting of Shareholders 28 March 2007 the following decisions have been made among others:
 
Dividend for the year 2006
For the year 2006 a dividend of SEK 1.25 per share will be paid. 2 April 2007 is record date and the dividend will be paid by VPC AB on Thursday, 5 April 2007.
 
Board of directors and auditor
As board members Stefan Dahlbo (chairman), Gustaf Hermelin, Lars Holmgren, Anna-Greta Lundh, Johan Piehl, Lars Rosvall and Fredrik Svensson were re-elected. 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 fee. No fee is to be paid to the president & CEO of Klövern. The auditor will be paid in accordance with the invoice amount submitted.
 
The authorised firm of public accountants Ernst & Young AB has been reappointed for a period of four years, with the authorised public accountant Mikael Ikonen as auditor in charge.
 
Principles for remuneration and other conditions of employment for the executive management
The principles for remuneration and other conditions of employment for the executive management are to be drawn up in accordance with the boards proposition. The board of directors is entitled to depart from the guidelines if there are special reasons for doing so in particular cases.
 
Nominations Committee
The nominations committee is appointed according to the decision at the Annual General Meeting in 2006. The principles can be read on Klövern’s website, www.staging-wwwklovernse.wp4.triggerfish.cloud.
 
Acquire and transfer of own shares
The board of directors has been authorised to acquire and transfer own shares. This authorisation is intended to make it possible to continuously adjust the company’s capital requirements and to be able to transfer shares in connection with financing of potential property or company acquisitions. Acquisitions may take place so that the number of shares, owned by the company at any point in time, corresponds to at the most 10 per cent of all of the shares issued by the company.
 
Brokerage-free trade
The Annual General Meeting has decided to invite shareholders to, brokerage-free, 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, March 28, 2007
 
Klövern AB (publ)
 
For further information, please contact:
Gustaf Hermelin, CEO, tel +46-(0)155-44 33 10, +46-(0)70-560 00 00, gustaf.hermelin@staging-wwwklovernse.wp4.triggerfish.cloud
Anders Lundquist, CFO, tel +46-(0)155-44 33 20, +46-(0)70-528 43 33, anders.lundquist@staging-wwwklovernse.wp4.triggerfish.cloud
Britt-Marie Einar, Corporate Communications Officer, tel +46-(0)155-44 33 12, +46-(0)70-224 29 35,
britt-marie.einar@staging-wwwklovernse.wp4.triggerfish.cloud
 
Klövern is a real estate company with a local presence that actively develops commercial properties in large Swedish cities. Klövern has geographical units in twelve cities: Borås, Eskilstuna, Kalmar, Karlstad, Kista, Linköping, Norrköping, Nyköping, Täby, Uppsala, Västerås och Örebro. As at  31 December 2006, the book value of the properties is approximately SEK 10.7 billion and the rental income on an annual basis is around SEK 1,070 million.
The Klövern share is listed on the Stockholm stock exchange, Stockholmsbörsen’s Nordic list for medium-sized companies.
 
Klövern AB (publ), Box 1024, SE- 611 29 Nyköping; Sweden * Tel +46-(0)155-44 33 00, Fax +46-(0)155-44 33 22.
Company registration no. 556482-5833 * Registered office: Nyköping * Website: www.staging-wwwklovernse.wp4.triggerfish.cloud