STOCKHOLM, Sweden, Dec. 3, 2002 (PRIMEZONE) -- On behalf of the Annual General Meeting, Drott's (Stockholm:DROTa) auditors frequently review the company's finances and property management operations. This year their review has included the company's residential leasing policy, its adherence to that policy, leasing to employees and property sales to employees. The auditors' review is normally reported to the Board of Directors prior to the preparation of the year-end financial statements. Due to media reports, however, the Board of Directors wishes to immediately announce the results of the review of the above-mentioned issues.
The auditors' report has in no way criticized Drott's property sales or residential leasing arrangements.
Sales and leases to senior executives have been discussed and approved by Drott's Board of Directors since the company was founded in 1998.
Drott AB (publ)
Board of Directors
For further information, please contact:
President, Mats Mared, telephone +46 8 769 30 10
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
www.waymaker.net/bitonline/2002/12/03/20021203BIT00750/wkr0001.doc www.waymaker.net/bitonline/2002/12/03/20021203BIT00750/wkr0002.pdf