Listed Swedish property company Kungsleden AB (publ) held its Annual General Meeting (AGM) on Wednesday. The meeting approved the Board of Directors’ proposed dividend of SEK 2.00 per share. The record date was set at 18 April 2011, and dividend is scheduled for disbursement by Euroclear Sweden AB on 21 April 2011.
In his address to the AGM, Chief Executive Thomas Erséus reviewed the financial year 2011 and current market conditions. The Chief Executive’s address was recorded on video, and will be available in Swedish at Kungsleden’s website, www.kungsleden.se, from 14 April 2011 onwards.
The AGM discharged the Board members and Chief Executive from liability for the financial year 2010. The following Board members were re-elected Thomas Erséus, Magnus Meyer, Charlotta Wikström and Kia Orback Pettersson. Håkan Bryngelson, Joachim Gahm, Lars Holmgren and Biljana Pehrsson were elected as Board members. Håkan Bryngelson was elected as Chairman of the Board.
The Meeting appointed Peter Gustafson (representing Olle Florén and companies), Eva Gottfridsdotter-Nilsson (representing Länsförsäkringar Fondförvaltning) and Peter van Berlekom (representing Nordea Investment Management as members of the Nomination Committee. Håkan Bryngelson is a member in his capacity as Chairman of the Board.
The Meeting adopted the Board of Directors’ proposed guidelines for remuneration and other employment terms for senior managers.
The Meeting approved the Nomination Committee’s proposal and appointed KPMG AB as audit firm, with the Senior Auditor being Authorised Public Accountant Björn Flink, until the end of the AGM 2015.
The Meeting resolved on an amendment of the Articles of Association meaning the auditors’ assignment lasts four years.Regulatory
For more information, please contact:
Thomas Erséus, CEO Kungsleden | phone +46 (0)8 503 052 04 | mobile +46 (0)70 378 20 24
Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden
Kungsleden AB (publ) discloses the information in this press release according to the Swedish Securities Markets Act and/or the Swedish Financial Trading Act. The information was provided for public release on 14 April 2011 at 8:30 a.m.
Kungsleden’s strategy is to ensure sustainable high and stable returns proceeding from its existing holding, and through acquisitions and divestments. As of 31 December 2010, the property portfolio comprised 592 properties with a book value of SEK 21.5 bn. The holding was located in a total of 133 municipalities, although concentrated on the Swedish provinces of Götaland and Svealand, and the Öresund region. Kungsleden has been quoted on the Nasdaq OMX Stockholm since 1999.