Klövern has reached a settlement with minority shareholders of Adcore
Stockholm AB. The agreement entails that SEK 2 million will be
charged to Klövern's profit for the fourth quarter of 2008.
The agreement has been made between Klövern and the minority
shareholders of Adcore Stockholm AB, at the same time as Klövern and
Connecta have agreed to share the cost of the settlement with the
minority shareholders. The total redemption amount is at most SEK
twelve million. This settlement means that SEK 2 million will be
charged to Klövern's profit for the fourth quarter, since just over
SEK 4 million already has been set aside in the balance sheet
according to the Annual Report for 2007. This dispute derives from
the IT consultancy business engaged in before Klövern changed the
focus of its business activities to real estate in 2002.
Nyköping, 5 December 2008
Klövern AB (publ)
For further information, please contact:
Gustaf Hermelin, CEO, tel +46 155-44 33 10, +46 70-560 00 00,
gustaf.hermelin@klovern.se
Caesar Åfors, CFO and vice President, tel +46 155-44 33 02, +46
70-662 48 48, caesar.afors@klovern.se
Britt-Marie Einar, Finance and Information Manager, tel +46 155-44 33
12, +46 70-224 29 35,
britt-marie.einar@klovern.se
Klövern is a real estate company committed to working closely with
customers to meet their needs of premises and services in Swedish
growth regions. Klövern has geographical units in ten
cities/locations: Borås, Karlstad, Kista, Linköping, Norrköping,
Nyköping, Täby, Uppsala, Västerås and Örebro. As at 30 September
2008, the value of the properties totals approximately SEK
12.1 billion and the rental income on an annual basis is
approximately SEK 1.3 billion. The Klövern share is listed on OMX
Nordic Exchange in Stockholm for medium-sized companies.
Klövern AB (publ), Box 1024, SE-611 29 Nyköping, Sweden. Tel
+46 155-44 33 00, Fax +46 155-44 33 22.
Corporate registration no. 556482-5833. Registered office: Nyköping.
Website: www.klovern.se
