STOCKHOLM, Sweden, March 21, 2002 (PRIMEZONE) -- The executive board of Mandamus has today decided to move forward the company's annual general Meeting, earlier scheduled to the 25th of April 2002.
The two most important reasons for this are:
I. The nomination committee, appointed by last year's annual general meeting, has not succeeded in putting forward a composition of the executive board, which all of the company's big shareholders can accept. The nomination committee has therefore asked for more time in order to come forward with a new proposal.
II. The biggest individual shareholder, Akelius Insurance Ltd., does not accept the board's proposal of share dividends of 4.25 Kr per share. Akelius does not want the payments of share dividends to take place at all.
The executive board will later inform the shareholders of the new time and place for the annual general meeting.
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 5,700m, yielding an annual rental income of some SEK 900m. The company also partly owns and manages a property stock with a book value of around SEK 1,400m and a rental income of around SEK 250m annually.
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