Catena to repurchase shares

Catena’s Annual General Meeting decided April 28, 2010 to provide the Board with a authorization that, in the period until the next AGM, to acquire such maximum number of shares in Catena AB to the company after acquisition, holding a maximum of one tenth of the total number of registered shares. 

Catena’s board has under this authorization, decided to acquire a maximum of 1,156,000 shares. The acquisitions will be done on the NASDAQ OMX Stockholm at the current share price. 

Catena currently has no holding of treasury shares.

The purpose of the buyback of own shares is to continuously adapt the company’s capital structure to its capital requirement at any given time, thereby enabling a contribution to enhanced shareholder value and the possibility of financing acquisitions through payment using the company’s own shares. 
  

For information, please contact Peter Hallgren, President and CEO, tel +46-31-760 09 32, or Rune Jonsson, CFO, tel +46-31-760 09 35 

 

This information is such that Catena AB (publ) must release it publicly in accordance with the Swedish Securities and Clearing Operations Act and/or the Financial Instruments Trading Act. The information was released to the public on June 8, 2010, at 3.15 p.m.

Catena shall own, effectively manage and actively develop commercial real estate in prime locations that offers the potential to generate steadily growing cash flow and favorable value growth. Catena’s overriding objective is to provide shareholders with a favorable, long-term total return by being one of the leading players involved in commercial real estate in a number of strategic locations.

For more information about Catena, visit www.catenafastigheter.se