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2015-04-23

Klövern AB (publ): Decisions at Annual General Meeting of Klövern AB (publ)

At the Annual General Meeting of Klövern AB (publ) on 23 April 2015 the
following decisions were made, among others.

Profit distribution

For the financial year 2014 the Board's proposition for profit distribution,
meaning a dividend of SEK 0.30 per ordinary share of Class A and Class B, and
SEK 20.00 per preference share, were decided. The dividend amount per
preference share shall
be distributed in four payments, each of SEK 5.00.

Record date for dividend for the ordinary share was decided to be 27 April
2015.
Record dates for the preference share was decided to be 30 June 2015, 30
September
2015, 30 December 2015 and 31 March 2016.

Board and auditor

The Annual General Meeting decided on re-election of the board members Fredrik
Svensson, Rutger Arnhult, Ann-Cathrin Bengtson, Pia Gideon and Eva Landén.
Fredrik Svensson was re-elected as Chairman of the Board.
The Annual General Meeting decided to increase the fees paid to the Board from
a total of SEK 700,000 to SEK 715,000, of which an unchanged amount of SEK
280,000 is to be paid to the Chairman of the Board and SEK 145,000 each to
the other members, entailing an increase of SEK 5,000 per member. A board
member, who is at the same time employed by the Company shall not receive any
director's fee. No further payment is made to board members who serve on
committees of the Board.

The Annual General Meeting decided to re-appoint the registered public
accounting firm Ernst&Young AB as the company's auditors for the period until
the next Annual General Meeting, with Fredrik Hävrén as auditor in charge.
Payment shall be in accordance with approved invoices.

Remuneration of the executive management

The Annual General Meeting decided in accordance with the Board's proposed
guidelines for remuneration and other terms of employment for the executive
management:

Remuneration is to be at a market level and competitive and to take into
account the areas of responsibility and experience. The basic salary is to be
subject to annual review. Variable salary shall be linked to predetermined
and measurable criteria, designed with the intention of promoting the
long-term creation of value in the Company. For the CEO no variable salary is
payable and for other members of the executive management at most three
months basic salary per year.
The Board has the right to depart from these principles if there is reason for
so doing in individual cases.

Nominations committee

The Nominations Committee shall consist of five members, of which one member
shall be the Chairman of the Board. The Chairman of the Board shall contact
the four largest shareholders by voting power of the Company as at the last
day of share trading in September of the year preceding the Annual General
Meeting. In the event of the requested shareholder not wishing to appoint a
member of the Nominations Committee, the next largest shareholder, who has
not previously been asked to appoint a representative to the Nominations
Committee, shall be asked.
The Nominations Committee shall perform the tasks ensuing from the Swedish
Code of Corporate Governance.

Amendment of the Articles of Association with regard to the registered office
of the Company

The Annual General Meeting decided to amend article 2 of the Articles of
Association concerning the registered office of the Company to the effect
that the Company shall have its registered office in Stockholm, instead of
Nyköping.

Amendment of the Articles of Association with regard to conditions for the
preference share; redemption price and amount to receive in the event of
dissolution of the Company

The Annual General Meeting decided to amend the third paragraph of Article 5.4
(Redemption) of the Articles of Association to:

"Any holder of a preference share determined for redemption shall be obliged,
three months after being notified of the redemption resolution, to accept
payment for the share in an amount calculated as the total of SEK 500 plus
any Withheld Amount in accordance with article 5.2 (including any
Recalculation Amount on such Withheld Amount up to and including the day on
which the redemption amount falls due for payment). All interest calculation
shall cease on the day on which the redemption amount falls due for payment."

The Annual General Meeting decided also to amend article 5.5 (Dissolution of
the Company) of the Articles of Association to:

"In the event of dissolution of the Company, the holders of preference shares
shall be entitled to receive from the Company's net assets SEK 400 per share
as well as any Withheld Amount in accordance with Article 5.2 (including any
Recalculation Amount on such Withheld Amount) prior to any distribution to
the holders of the ordinary shares. The preference shares shall otherwise
carry no entitlement to any share in the distribution of assets."

Acquisition and transfer the Company's own shares

The Annual General Meeting decided to authorize the Board, until the next
Annual General Meeting, to decide upon acquisition and transfer of Klövern's
own shares. The object is to be able to adapt the capital structure of the
Company to the capital requirement from time to time and thus be able to
contribute to increased shareholder value. The Company does not own any of its
own shares.

New issue

The Annual General Meeting decided to authorize the Board, on one or more
occasions, during the period until the next Annual General Meeting to decide
on a new issue of ordinary shares of Class A and/or Class B and/or preference
shares, with or without derogation from the shareholders' pre-emption rights.

The number of shares issued pursuant to this authorization shall correspond to
an increase in the share capital of at most ten (10) per cent based on the
total share capital of the Company at the time of the 2015 Annual General
Meeting. The number of ordinary shares of Class A that may be issued pursuant
to the authorization may, however, amount to at most ten (10) per cent of the
share capital consisting of ordinary shares of Class A issued on the date of
the 2015 Annual General Meeting, the number of ordinary shares of Class B
that may be issued pursuant to the authorization may, however, amount to at
most ten (10) per cent of the share capital consisting of ordinary shares of
Class B issued on the date of the 2015 Annual General Meeting and the number
of preference shares which may be issued pursuant to the authorization may
amount to at most ten (10) per cent of the share capital consisting of
preference shares issued at the time of the 2015 Annual General Meeting..

Klövern AB (publ)

For additional information:

Rutger Arnhult, CEO, +46 (0)70-458 24 70, rutger.arnhult@klovern.se
Lars Norrby, IR, +46 (0)76-777 38 00, lars.norrby@klovern.se

Klövern is a real estate company committed to working closely with customers
to offer them efficient premises in Swedish growth regions. As of March 31,
2015, the value of the properties totaled SEK 31.0 billion and the rental
value on an annual basis was SEK 3.0 billion. Klövern is listed on Nasdaq
Stockholm. For further information, see www.klovern.se.

Klövern AB (publ), Box 1024, 611 29 Nyköping. Phone: +46 155-44 33 00. E-mail:
info@klovern.se.

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 23 April 2015.

Decisions at Annual General Meeting of Klövern AB (publ)
http://hugin.info/134084/R/1914159/683897.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Klövern AB (publ) via Globenewswire

HUG#1914159

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