STOCKHOLM, Sweden, April 10, 2003 (PRIMEZONE) -- On Thursday, Kungsleden AB (publ) (Other OTC:KGSDF) (Stockholm:KLED) held its Annual General Meeting, and in accordance with a motion from the Board of Directors, resolved on dividends of SEK 12.00 per share. The record date of April 15, 2003 was adopted, with dividends scheduled for distribution by VPC (the Central Swedish Securities Depository) on April 22, 2003.
In his statement to the Meeting, Chief Executive Jens Engwall reviewed operations in the financial year 2002 and described current market conditions. The market for property acquisitions and disposals has been healthy in early 2003, with a series of positive transactions. Mr. Engwall also commented on Kungsleden's business in sheltered accommodation for senior citizens, which progressed well; he also highlighted his perception of a series of attractive business opportunities in this segment in the remainder of 2003.
The AGM discharged the Board members and Chief Executive from liability for the financial year 2002. Jens Engwall, Mats Israelsson, Bengt Kjell and Jonas Nyren were re-elected as Board members and Anna Weiner Jiffer and Per-Anders Ovin were elected as Board members. Bengt Kjell was appointed Chairman of the Board at the subsequent Board meeting following election.
For more information, please contact: Jens Engwall, Kungsleden's Chief Executive, tel: +46 (0)8 503 05204, mobile +46 (0)70 690 6550 Johan Risberg, Kungsleden's CFO, tel: +46 (0)8 503 05206, mobile +46 (0)70 690 6565 Detta pressmeddelande finns tillgangligt pa svenska pa www.kungsleden.se
Kungsleden's strategy is to ensure sustainable high and stable returns proceeding from its existing holding, and through acquisitions and disposals. Kungsleden's property holding comprises 430 properties with a book value of approximately SEK 10.1 bn. The holding is located in a total of 123 municipalities, although concentrated on the Swedish provinces of Gotaland and Svealand. Kungsleden has been quoted on the OM Stockholm Exchange O-list since 14 April 1999.
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