STOCKHOLM, Sweden, Dec. 18, 2003 (PRIMEZONE) -- Sverker Lerheden has decided to invoke the Change of Control clause included in his contract of employment with Tornet and will accordingly resign as managing director of Fastighets AB Tornet on 31 March 2004. Tornet's board of directors is holding discussions with Sverker Lerheden on the forms for his possible continued participation in the company.
Fastighets AB Tornet (publ) Sverker Lerheden, Managing Director +46-8-544 905 00 Britt-Marie Einar, IR Manager +46-8-544 905 08, +46-70-576 92 08
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 over 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.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
http://www.waymaker.net/bitonline/2003/12/18/20031218BIT00190/wkr0001.doc
http://www.waymaker.net/bitonline/2003/12/18/20031218BIT00190/wkr0002.pdf