Annual General Meeting in Castellum AB.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--May 25, 2000 At the Annual General Meeting in Castellum AB on May 24, 2000, the Board of Directors proposal of a dividend of SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 4,50 was confirmed. May 29, 2000 was decided as record day for dividend. The Annual General Meeting decided to re-elect re·e·lect also re-e·lect tr.v. re·e·lect·ed, re·e·lect·ing, re·e·lects To elect again. re Jan Kvarnstrom, Mats Israelsson, Gunnar Larsson Gunnar Larsson (born May 12 1951) is a former medley swimmer from Sweden. He won the 400 m individual medley at the 1972 Summer Olympics by 0.002 seconds over American Tim McKee. He also won the 200 m individual medley event at the same Olympic Games. , Stig-Arne Larsson and Goran Linden Linden, city, United States Linden, city (1990 pop. 36,701), Union co., NE N.J., in the New York metropolitan area; inc. 1925. During the first half of the 20th cent. to the Board of Directors. Lars-Erik Jansson, who is new CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Castellum AB since March 22, 2000, was elected to new member of the Board. The chairman of the Board, Jan Kvarnstrom, expressed the Board's thanks to Thomas Alexandersson, former CEO of the company, who had declined another term. "Thomas Alexandersson has been the architect and entrepreneur behind Castellum, which started with a large amount of problem properties within the Securum, autumn 1992," says Jan Kvarnstrom. "Since Castellum was listed on the stock exchange in spring 1997, the company has, to the delight of its shareholders, had a very good development regarding profits as well as net asset value. Thomas Alexandersson is leaving a well managed and consolidated company, well prepared to carry on the offensive that the company has showed since the start." In addition the General Meeting decided, in accordance with the Board's proposal, to redeem every seventh share at a redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. of SEK 100. Record day for receiving redemption rights was decided to be May 29, 2000. As a part of the redemption procedure it was also decided, in accordance with the proposal, to change the Articles of Association, to issue new series C shares and to redeem these series C shares. Information material and application form will be distributed to the shareholders in early June. The General Meeting decided to authorize To empower another with the legal right to perform an action. The Constitution authorizes Congress to regulate interstate commerce. authorize v. to officially empower someone to act. (See: authority) the Board - in order to adjust the company's capital structure - until the next Annual General Meeting, to purchase series A shares corresponding to a maximum of 10 percent of all shares in the company. Purchase over the stock exchange is allowed within the actual share price interval. Purchase by an offer to the shareholders may be executed at a price per share corresponding to the actual share price with a premium or discount of no more than 50 percent. In addition the General Meeting decided to authorize the Board, until the next Annual General Meeting - in order to adjust the company's capital structure - to be able to transfer all series A shares held by the company. If the shares are sold over the stock exchange the price per share must be within the current price interval. At the board meeting following election Mr. Jan Kvarnstrom was re-elected as chairman. In addition, the board decided to utilize its authority to repurchase re·pur·chase tr.v. re·pur·chased, re·pur·chas·ing, re·pur·chas·es To buy (something) again. n. The act of buying something that one previously sold or owned. Noun 1. series A shares by purchases over the stock market. No decision was made regarding transfer of shares. Castellum, which is one of the major real estate companies in Sweden operating solely in the real estate sector, owns properties with a book value of fully SEK 10 billion. The total lettable area, which comprises commercial premises as well as residential housing, amounts to fully two million square metres Noun 1. square metre - a centare is 1/100th of an are centare, square meter area unit, square measure - a system of units used to measure areas . The real estate portfolio, which is owned and managed by six local subsidiaries, is concentrated in Greater Gothenburg, the Oresund region The Oresund Region (Danish: Øresundsregionen; Swedish: Öresundsregionen) is a transnational region in southern Scandinavia located by the shores of the Oresund strait and connected by the Oresund Bridge. , Greater Stockholm, Western Smaland and Malardalen. The Castellum share is listed on the OM Stockholmsborsen Stock Exchange. ----------------- Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/05/25/20000525BIT00280/bit0001.doc http://www.bit.se/bitonline/2000/05/25/20000525BIT00280/bit0002.pdf |
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