STOCKHOLM, Sweden, Aug. 18, 2003 (PRIMEZONE) -- Wihlborgs Fastigheter AB (publ) has started the share buy-back program approved by the annual general meeting on 2 April 2003. Acquisitions of Wihlborgs' own shares may take place of not more than the number of shares, which at any time are equivalent to 10 per cent of all the company's issued shares. Wihlborgs' acqusitions of its own shares is designed to improve the capital structure and thereby increase the company's return on shareholders' equity and its earnings per share.
The total holding before the start of the programme is 720,400 shares, equivalent to 1.2 per cent of the number of outstanding shares.
Wihlborgs Fastigheter AB (publ)
For further information:
Erik Paulsson, President and CEO, Tel.: +46 (0)8-555 148 18, +46 (0)733-87 18 18 Olle Knaust, deputy CEO, Tel.: +46 (0)8-555 148 10, +46 (0)733-87 18 10 Mats Berg, communications manager, Tel.: +46 (0)8-555 148 20, +46 (0)733-87 18 20
Wihlborgs Fastigheter AB (publ) is one of Sweden's biggest real-estate companies, with real estate to a book value of SEK 19.3 billion. The real estate, which is concentrated on the Stockholm and Oresund regions, has a rental value on a twelve-month basis totalling SEK 2.1 billion, and a rentable area of 1.9 million square metres. The company has offices in Stockholm, Malmo, Copenhagen and Helsingborg. Wihlborgs' shares are listed on the Stockholm Stock Exchange's Attract40.
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