Kungsleden’s Annual General Meeting
Listed Swedish property company Kungsleden AB (publ) held its Annual General Meeting (AGM) on Thursday. The Meeting approved the Board of Directors’ proposed dividend of SEK 2.60 per share. The record date was set at 24 April 2012, and the dividend is scheduled for disbursement by Euroclear Sweden AB on 27 April 2012.
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 at Kungsleden’s website, www.kungsleden.se, (in Swedish) from 20 April 2012 onwards.
The AGM discharged the Board members and Chief Executive from liability for the financial year 2011.
The Meeting resolved to reduce the number of Board members from eight to seven.
The following Board members were re-elected: Håkan Bryngelson, Joachim Gahm, Lars Holmgren, Kia Orback Pettersson, Biljana Pehrsson, Magnus Meyer and Charlotta Wikström. Håkan Bryngelson was also elected as Chairman of the Board.
The Meeting appointed Peter Gustafson representing Olle Florén and companies, Eva Gottfridsdotter-Nilsson representing Länsförsäkringar Fondförvaltning, Peter van Berlekom representing Nordea Fonder and Frank Larsson representing Handelsbanken Fonder 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’ proposal on remuneration guidelines for senior managers.
For more information, please contact:
Håkan Bryngelson, Chairman of the Board | tel: 46 (0)70 545 3655
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 19 April 2012 at 4:30 p.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 2011, the property portfolio comprised 636 properties with a book value of SEK 26.1 bn. The portfolio was located in a total of 143 municipalities, mainly in southern and central Sweden. Kungsleden has been quoted on the Nasdaq OMX Stockholm since 1999.