STOCKHOLM, Sweden, Dec. 29, 2003 (PRIMEZONE) -- Due to the changes in ownership that have taken place in Tornet, through which Tornet has a new main owner, Tornet's board has decided to resign and intends to call an extraordinary shareholders' meeting to elect a new board. The nominations committee notified by the board consists of Lars Gardo, the current chairman of the board, Arne Karlsson, managing director of Ratos AB, and John Ortengren, nominated by the Swedish Shareholders' Association. The announcement of the extraordinary shareholders meeting is expected to be published on 15 January 2004 and the meeting take place on 30 January 2004.
For further information, please contact: Lars Gardo, Chairman of the Board, Fastighets AB Tornet (publ) +46-705 250694 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 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.
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