STOCKHOLM, Sweden, July 01, 2003 (PRIMEZONE) -- Tornet has repurchased 441,684 shares, corresponding to 1.7 per cent of the number of outstanding shares, up to 30 June 2003.
Tornet started its third repurchase programme at the end of March 2003. Repurchase has taken place relatively evenly over the period with an interruption for the periods when repurchase is not permitted. Repurchase has taken place at an average price of SEK 155.06. The number of outstanding shares is 26,562,246. In all, 5,984,765 shares were traded in the first six months of 2003.
Fastighets AB Tornet (publ)
For further information, please contact: Sverker Lerheden, Managing Director, Fastighets AB Tornet, +46-8-544 905 00
Fastighets AB Tornet is one of Sweden's major listed property companies. Its Swedish holding has a lettable area of around 2.8 million square metres and a book value of approximately SEK 19 billion. Almost 97 per cent of the property holdings, measured as book value, are in Sweden and mainly concentrated in Sweden's six largest cities and in Norrkoping and Karlstad. The properties are owned and managed by the subsidiaries ArosTornet, Malmstaden, MalarTornet, SkansTornet and Euro Tower.
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