STOCKHOLM, Sweden, June 11, 2002 (PRIMEZONE) -- Mandamus Fastigheter AB (publ), which is quoted on Attract 40, the O-list of the Stockholm Stock Exchange, held its Annual General Meeting (AGM) in Stockholm on Monday.
Dividend
At the AGM, the dividend for 2001 was set at SEK 4.25 per share, in accordance with the Board proposal. The record day for the dividend is 13 June, and the dividend will be sent to shareholders through the agency of the Swedish Securities Register Centre (VPC) on 18 June 2002.
Decision regarding number of Board members and Board election The AGM decided that the number of Board members, according to the Nomination Committee's proposals, should be reduced from seven to five. The following members declined re-election to the Board: Elisabeth Annell, Anders Johansson, Per Lundqvist, Jan Ohlsson and Hakan Tidlund.
Bjorn Hall and Leif Zetterberg were re-elected. The new Board members elected were Hans Selling, Sievert Larsson and Anders Glansk.
Confirmation of directors' fees
The AGM decided to reduce directors' fees by SEK 150,000 to SEK 850,000, owing to the reduction in the number of Board members. The directors' fees are to be distributed among the elected Board members by the Board.
Resolution at Board meeting following election At the Board meeting following election, after the AGM, the Board resolved to re-elect Leif Zetterberg as Chairman of the Board.
Comments from the Board Chairman
"The turbulence associated with the company and its future is now a thing of the past. With the AGM's unanimous decision on dividend according to the Board proposal, SEK 4.25 per share, and the AGM's decisions on Board election, we are now back on track. My firm conviction is that these AGM decisions provide a sound basis for further progress on the part of the company and its shareholders, tenants and employees alike."
For further information, please contact: Phone No. Leif Zetterberg, Chairman, Mandamus +46-8-787 5000 or +46-70-588 4184 Anders Johansson, Managing Director, Mandamus +46-8-566 13000 or +46-70-549 3330 Bengt Evaldsson, Deputy Managing Director, Mandamus +46-8-566 13000 or +46-70-511 6993
Mandamus is a property company that aims to own, develop and manage residential properties with a high yield, mainly in growth areas in Southern and Central Sweden. Mandamus owns properties with a book value of around SEK 5,800m, yielding an annual rental income of some SEK 900m.
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