Klövern contributes to settlement in old Adcore-dispute

2008-12-05

The agreement has been made between Klövern and the minority shareholders of Adcore Stockholm AB, at the same time as Klövern and Connecta have agreed to share the cost of the settlement with the minority shareholders. The total redemption amount is at most SEK twelve million. This settlement means that SEK 2 million will be charged to Klövern’s profit for the fourth quarter, since just over SEK 4 million already has been set aside in the balance sheet according to the Annual Report for 2007. This dispute derives from the IT consultancy business engaged in before Klövern changed the focus of its business activities to real estate in 2002.
 
Nyköping, 5 December 2008
 
Klövern AB (publ)
 
For further information, please contact:
Gustaf Hermelin, CEO, tel +46 155-44 33 10, +46 70-560 00 00, gustaf.hermelin@staging-wwwklovernse.wp4.triggerfish.cloud
Caesar Åfors, CFO and vice President, tel +46 155-44 33 02, +46 70-662 48 48, caesar.afors@staging-wwwklovernse.wp4.triggerfish.cloud
Britt-Marie Einar, Finance and Information Manager, tel +46 155-44 33 12, +46 70-224 29 35,
britt-marie.einar@staging-wwwklovernse.wp4.triggerfish.cloud
 
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 30 September 2008, the value of the properties totals approximately SEK 12.1 billion and the rental income on an annual basis is approximately SEK 1.3 billion. 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.
Corporate registration no. 556482-5833. Registered office: Nyköping. Website: www.staging-wwwklovernse.wp4.triggerfish.cloud