Klövern's Annual Report 2011 and acquisition analysis of Dagon
(Thomson Reuters ONE) -
Klövern AB's Annual Report 2011 in Swedish is now available for downloading from
Klövern's website, klovern.se. The Annual Report includes an acquisition
analysis of Dagon AB (publ).
The printed version of the Annual Report in Swedish will be available from week
13 and can be ordered on Klövern's website. The Annual Report in English will be
available on the website during week 13 and the printed version in week 15.
On 2 March, Klövern's Board decided to complete the offer for Dagon, and at the
same time extended the acceptance period until 2 April. The preliminary
acquisition analysis is based on the shareholders who have accepted the offer as
well as assuming that the remaining shareholders will decide to accept the offer
with the distribution 30 per cent in cash and 70 per cent in preference shares.
The value of the consideration to the shareholders who have accepted the offer
amounts to SEK 455 million in cash and SEK 1,039 million in preference shares,
based on the closing share price on 2 March. The total value of the offer for
Dagon with 100 per cent acceptance amounts to SEK 1,510 million, which has been
used in the calculation below.
Klövern considers that all assets and liabilities in the preliminary acquisition
analysis have been listed at their fair value. Klövern is not aware of any
contingent liabilities or contingent assets in Dagon. The acquisition-related
transaction costs are estimated at SEK 8 million, of which SEK 1.5 million have
been expensed as central administration during 2011. The issuance costs for the
preference share are estimated at SEK 2 million and will be reported against
equity.
The acquisition is reported as a business combination, which means full deferred
tax and goodwill. When preparing this report, Klövern did not have access to
detailed information about Dagon. The estimates are based on Dagon's year-end
report as at 31 December 2011 and are thus preliminary pending the business
acquisition report.
Nyköping, 12 March 2012
Klövern AB (publ)
For further information, please contact:
Rutger Arnhult, CEO, +46 72-301 53 31, rutger.arnhult(at)klovern.se
Britt-Marie Einar, Finance and IR Manager, Deputy CEO,
+46 155-44 33 12/+46 70-224 29 35, britt-marie.einar(at)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
business units in ten cities: Borås, Karlstad, Kista, Linköping, Norrköping,
Nyköping, Täby, Uppsala, Västerås and Örebro. As at 31 December 2011 the value
of the properties totalled approximately SEK 14.9 billion and the rental income
on an annual basis was around SEK 1.6 billion. The Klövern share is listed on
NASDAQ OMX Stockholm Mid Cap.
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, info(at)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 12 March 2012.
Klövern´s Annual Report 2011 and acquisition analysis of Dagon:
http://hugin.info/134084/R/1593274/501305.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Klövern AB (publ) via Thomson Reuters ONE
[HUG#1593274]
Unternehmensinformation / Kurzprofil:
Datum: 12.03.2012 - 16:52 Uhr
Sprache: Deutsch
News-ID 123918
Anzahl Zeichen: 4248
contact information:
Town:
Nyköping
Kategorie:
Business News
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