Listed Swedish property company Kungsleden AB (publ) held its Annual General Meeting (AGM) today.

The Meeting approved the Board of Director’s proposed dividend of SEK 1.25 per share. The record date was set as 5 May 2014, and the dividend is scheduled for disbursement by Euroclear Sweden AB on 8 May 2014.

In her address to the AGM, Chief Executive Biljana Pehrsson reviewed the financial year 2013 and the first quarter of 2014. The Chief Executive’s address was recorded on video, and will be available at Kungsleden’s website, www.kungsleden.se, from 30 April 2014 onwards.

The AGM discharged the Board members and Chief Executive from liability for the financial year 2013.

The Meeting resolved that the Board of Directors shall have seven members.

The following Board members were re-elected: Joachim Gahm, Lars Holmgren, Göran Larsson, Kia Orback Pettersson and Charlotta Wikström. Charlotte Axelsson and Liselotte Hjorth were elected as new Board members. Göran Larsson was also re-elected as Chairman of the Board.

Magnus Fernqvist and Peter Gustafson had declined re-election.

The Meeting appointed Chairman of the Board Göran Larsson, nominated by Gösta Welandson and companies; also Chairman of the Board, Eva Gottfridsdotter-Nilsson, nominated by Länsförsäkringar Asset Management, Krister Hjelmstedt, nominated by Olle Florén and companies and Martin Jonasson, nominated by AP2 (the Second Swedish National Pension Fund) as members of the Nomination Committee.

The Meeting adopted the Board of Directors’ proposal on remuneration guidelines for senior managers.

The Meeting approved the Board of Directors’ proposal to authorise the Board to make decisions on one or more occasions until the next AGM, to repurchase that total number of shares such that the company’s holdings do not exceed 10 per cent of all the shares of the company at any time. Repurchases of shares shall be on NASDAQ OMX Stockholm, and may only be executed at a price within the quoted price interval on each occasion, which means the interval between the highest bid price and lowest offer price. The purpose of this authorisation is for the Board to attain the flexibility to enable decision-making regarding an altered capital structure on a continuous basis, and thus contribute to increased shareholder value.

Regulatory

For more information, please contact:
Göran Larsson, Chairman of the Board  | +46 (0)70 633 8590.

www.kungsleden.se


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 29 April 2014 at 4:30 p.m.

Kungsleden’s business concept is to own, manage and improve commercial properties in growth regions in Sweden and to deliver attractive total returns. Kungsleden’s strategies to create value are based on meeting the premises requirements of customers by managing, improving and developing properties and planning consents and by optimising the company’s property portfolio. Kungsleden has been quoted on NASDAQ OMX Stockholm since 1999.