STOCKHOLM, Sweden, April 8, 2003 (PRIMEZONE) -- Custo's (Other OTC:CUSTF) Board of Directors decided today to call an Extraordinary General Meeting at 10 a.m. on May 7, 2003, in SalenHuset to approve a resolution offering the Company's shareholders the right to redeem every fourth share in Custos in exchange for a payment of SEK 200 per share redeemed. The total value of the proposed redemption payment amounts to MSEK 370 and is equivalent to 32 percent of Custos' total net asset value. Custos' net asset value was SEK 158 per share and its market price was SEK 138,50 per share on March 31, 2003.
Mikael Nachemson, CEO of Custos, commented: "The redemption program is consistent with Custos' strategy to maximize value for the Company's shareholders, among other things by distributing assets, as long as the stock market values the Company at a discount to net asset value."
For further questions, please contact: Mikael Nachemson, +46 8 440 57 70
This Press Release is published in Swedish and English. In the event of any difference between the English version and the Swedish original, the Swedish version shall govern.
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http://www.waymaker.net/bitonline/2003/04/08/20030408BIT00850/wkr0002.pdf