Klövern AB has decided to start repurchasing own shares in accordance with decision by the Annual General Meeting on 28 March 2007. The AGM authorised the Board for a period no later than the next AGM to acquire and transfer maximum 10 per cent of the company's outstanding shares. The purpose is, among others, to enable the company to continuously adapt its capital requirements and thereby contribute to increased shareholders value. The shares will be acquired on the OMX Nordic Exchange at a price within the registered share price interval at the time of each acquisition. Klövern doesn't own any Klövern shares before the start of the repurchase programme.
Nyköping, 20 November 2007
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, Chief financial officer and vice-CEO, +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 with a local presence that actively develops properties in large Swedish cities. Klövern has ten geographical units: Borås, Karlstad, Kista, Linköping, Norrköping, Nyköping, Täby, Uppsala, Västerås och Örebro. As per 30 September 2007, the value of the properties totalled approximately SEK 12.2 billion and the rental income on an annual basis was approximately SEK 1,337 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.
Corporate registration no. 556482-5833 * Registered office: Nyköping * Website: www.klovern.se