At the Annual General Meeting of Shareholders (AGM) in Klövern AB (publ) 18
April 2011 the following decisions have been made among others:
Amendments to the Articles of Association
The AGM decided to amend the Articles of Association regarding procedure for
giving notice of shareholders meetings and appointment of auditors in accordance
with the new main rule in the Swedish Companies Act.
Dividend
For 2010 it was decided upon the Board's proposal of allocation of profit
meaning a dividend of SEK 1.50 per share. Thursday, 21 April 2011 was confirmed
as record date, i.e. the date conferring entitlement to dividend.
Board of Directors and Company Auditor
The AGM decided to re-elect the board members Rutger Arnhult, Gustaf Hermelin,
Anna-Greta Lundh and Fredrik Svensson. Ann-Cathrin Bengtson and Erik Paulsson
was elected as new board members. At the AGM one more board member, Eva Landén,
CFO Corem Property Group, was proposed and elected. Fredrik Svensson was elected
as new Chairman of the Board. Furthermore the AGM decided that a fee of SEK
980,000 is to be paid to the board, of which SEK 280,000 to the Chairman of the
Board and SEK 140,000 each to the other members. No fee is to be paid to the CEO
of Klövern.
The AGM decided to re-elect the registered public accounting firm Ernst & Young
as the company's auditor and that payment be made to the auditors in accordance
with approved invoices.
Principles for remuneration of the executive management
The AGM decided in accordance with the Boards proposal upon principles for
remuneration of the executive management, which in short mean the following: The
basic salary is to be at a market level and competitive and to take into account
the areas of responsibility and experience of the individual.
Variable salary shall be linked to predetermined and measurable criteria,
designed with the intention of promoting the long-term creation of value in the
company. The maximum variable salary for the CEO is six months basic salary per
year and for other members of executive management at most three months basic
salary per year. The Board has the right to depart from these principles if
there is reason for so doing in individual cases.
Nominations Committee
The principles for the composition of the Nominations Committee decided to be
unchanged. The principles are available on Klövern's website,www.klovern.se.
Acquisition and transfer of the company's own shares
The AGM decided to authorize the Board to, at the longest until the next Annual
General Meeting, acquire and transfer Klövern's own shares. This authorization
is intended to enable adjustments of the company's capital requirements and thus
contribute to increased shareholder value.
Nyköping, 18 April 2011
Klövern AB (publ)
For further information, please contact:
Gustaf Hermelin, CEO,
+46 155-44 33 10/+46 70-560 00 00,gustaf.hermelin@klovern.se
Britt-Marie Einar, Finance and IR Manager, Deputy CEO,
+46 155-44 33 12/+46 70-224 29 35,britt-marie.einar@klovern.se
Klövern is a real estate company committed to working closely with customers to
meet their needs of premises and services in Swedish growth regions. Klövern has
business units in ten cities: Borås, Karlstad, Kista, Linköping, Norrköping,
Nyköping, Täby, Uppsala, Västerås and Örebro. As at 31 March 2011, the value of
the properties totalled approximately SEK 13.8 billion and the rental value on
an annual basis was around SEK 1.5 billion. The Klövern share is listed on
Nasdaq OMX Nordic Exchange in Stockholm for medium-sized companies.
Klövern AB (publ), Box 1024, SE-611 29 Nyköping, Sweden. Tel +46 155-44 33 00,
Fax +46 155-44 33 22. Corporate registration no. 556482-5833. Registered office:
Nyköping.www.klovern.se.
This information is such that Klövern AB (publ) is obliged to publish under the
Securities Market Act and/or the Financial Instruments Trading Act. The
information was made available for publication on 18 April 2011.
[HUG#1507472]
