Klövern AB (publ) : Arbitration Panel confirms Klövern AB's right to redeem
The arbitration panel confirms Klövern AB's right to redeem the minority
shares in Dagon AB
On 6 December 2011, Klövern AB (publ), reg. no. 556482-5833, ("Klövern") made
a public offer to the shareholders of Dagon AB, reg. no. 556431-0067,
("Dagon") to acquire all outstanding shares in Dagon ("The Offer").
Dagon has a share capital amounting to SEK 117,904,995 consisting of
23,580,999 shares. During an acceptance period, which was extended until 16
April 2012, the Offer was accepted by shareholders representing more than
nine-tenths of the shares in Dagon. Klövern owns a total of 23,548,862 shares
in Dagon. Other shareholders apart from Klövern own 32,137 shares in Dagon.
The arbitration panel confirmed in an award announced in Stockholm on 3
January 2013 that Klövern was entitled, and is obliged, to redeem the
remaining shares in Dagon, which are not owned by Klövern. The arbitration
panel set the redemption amount that Klövern is to pay per Dagon share at SEK
80 with a supplement for interest at an amount corresponding to the reference
rate from time to time with an addition of two percentage points from 17 April
2012 to 8 March 2013. Thereafter, interest will be paid at an amount
corresponding to the reference rate from time to time with an addition of
eight percentage points until payment has been made in full.
The arbitration award has not been appealed against pursuant to Chapter 22,
section 24, of the Swedish Companies Act and thus attained legal force on 8
Klövern has decided to redeem all remaining shares in Dagon and will pay the
redemption amount together with interest.
Nyköping, 21 March 2013
Klövern AB (publ)
For further information, please contact:
Rutger Arnhult, CEO, +46 70-458 24 70, firstname.lastname@example.org
Britt-Marie Nyman, Finance and IR Manager, Deputy CEO, +46155-44 33 12/+46
70-224 29 35,
Klövern is a real estate company committed to working closely with customers
to offer them efficient premises in selected growth regions. As at 31 December
2012, the value of the properties totalled approximately SEK 22.6 billion and
the rental value on an annual basis was around SEK 2.5 billion. The Klövern
share is listed on Nasdaq OMX Stockholm Mid Cap.
Klövern AB (publ), Box 1024, SE-611 29 Nyköping, Sweden. Tel +46155-44 33 00,
Fax +46155-44 33 22. Corporate registration no. 556482-5833. Registered
office: Nyköping. www.klovern.se. email@example.com.
This information is such that Klövern AB (publ) is obliged to disclose under
the Securities Market Act and/or the Financial Instruments Trading Act. The
information was made available for publication on 21 March 2013.
Arbitration Panel: Klövern AB has right to redeem minority shares
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information contained therein.
Source: Klövern AB (publ) via Thomson Reuters ONE
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