STOCKHOLM, Sweden, March 21, 2002 (PRIMEZONE) -- Castellum AB, at the Annual General Meeting held today, the Board of Directors' proposal of a dividend of SEK 6.50 was confirmed. Tuesday, March 26, 2002 was decided as record day for dividend.
The AGM decided to re-elect Jan Kvarnstrom, Mats Israelsson, Lars-Erik Jansson, Gunnar Larsson, Stig-Arne Larsson and Garan Linden to the Board of Directors.
The AGM decided to authorize the Board -- in order to adjust the company's capital structure -- if required until the next AGM, to be able to purchase own shares corresponding to a maximum of 10 percent of all shares in the company. In addition, the AGM decided to authorize the Board, until the next AGM -- in order to adjust the company's capital structure -- to be able to transfer all own shares held by the company.
At the board meeting following election Mr. Jan Kvarnstrom was re- elected as chairman.
Castellum, which is one of the major real estate companies in Sweden operating solely in the real estate sector, owns properties with a book value of about SEK 12 billion. The total lettable area, which comprises commercial premises as well as residential housing, amounts to 2.3 million square meters. The real estate portfolio, which is owned and managed by six local subsidiaries, is concentrated in Greater Gothenburg, the Aresund region, Greater Stockholm, western Smaland and Malardalen. The Castellum share is listed on the Stockholm Exchange O-list, Attract 40.
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