Kungsleden AB updates forecast

Kungsleden AB updates forecast As announced previously, the Board of Directors of Kungsleden AB (publ) has applied for listing of the company's shares on the O-List of the Stockholm Stock Exchange in conjunction with an offer to acquire shares in the company. In the prospectus prepared for the purpose of the Offer and which was published today, the Board of Kungsleden provided a new forecast on operations in 1999. ¤ The Board's assessment is that in 1999 Kungsleden's operating surplus will amount to SEK 410m. ¤ The Board's objective is that Kungsleden will generate earnings from property disposals of SEK 80m in 1999. ¤ The Board assesses that Kungsleden's net profit will amount to a minimum of SEK 240m in 1999. ¤ Proceeding from the above profit forecast and the current dividend policy, the Board intends to propose dividends of SEK 6.50 per share for the 1999 financial year. The forecast is based on current interest rate levels and prevailing property market conditions. The Offer involves 5,758,620 shares (1, including 3,000,000 in a new issue and 2,758,620 shares intended to be divested by FöreningsSparbanken. The price interval has been established at SEK 64-72 per share. The new issue will generate proceeds to Kungsleden, depending on the price determined by the book-building procedure, of between SEK 2 192m (2 and 216m before issue costs. Kungsleden AB (publ) Board of Directors For further information: Kungsleden AB Jens Engwall, CEO, +46 (0)8 503 052 04, +46 (0)70 690 6550 Johan Risberg, Deputy CEO, +46 (0)8 503 052 06, +46 (0)70 690 6565 (1 Or that higher number of shares that may be sold as a result of potential over-allotment. (2 Prior to any over-allotment. ------------------------------------------------------------ Mer information finns att få på Följande filer finns att ladda ned: