STOCKHOLM, Sweden, March 7, 2003 (PRIMEZONE) -- On March 6 JM (Other OTC:JMAOF) (Stockholm:JM) repurchased 65,400 of its own shares. After today's buy-back, JM's total holding of own shares amounts to 1,765,400 shares or 5.8% of the number of shares outstanding. Repurchases keep the capital structure adjusted in order to raise return on equity and earnings per share.
For additional information please contact:
Claes Magnus Akesson, CFO, JM AB, telephone +46 70 582 89 71.
JM AB Corporate Communications
This and earlier press releases are also available at www.jm.se
JM AB is a public limited company listed on the Stockholm Stock Exchange. JM has around 2,700 employees in Sweden, Norway, Denmark and Belgium, and sales in 2002 amounted to approximately SEK 9 billion. The company is Sweden's leading housing developer, and the core business is project development of residential and commercial properties in central areas of growth markets. JM's operations are characterised by a focus on quality and the environment.
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