Annual General Meeting of Drott AB
Annual General Meeting of Drott AB to decide on a number of proposals The Annual General Meeting of Drott AB (publ) will be held at 4:00 p.m. (CET) on Tuesday, March 30, 2004 at Polstjernan Konferens, Sveavägen 77, in Stockholm. The notice of the meeting contains a number of decisions that are on the agenda. The main proposals are a demerger of the Group into two companies - Bostads AB Drott and Fabege AB - and the transfer of SEK 3.3 bn to shareholders through a redemption. As proposed, the demerger and transfer will basically be implemented as follows: 1 For every four shares in Drott AB (publ) owned as of March 30, 2004 1) , shareholders will be entitled to receive one share in Bostads AB Drott (publ) 2 Drott AB (publ) will change its name to Fabege AB (publ) 3 For every four shares in Fabege AB (publ) owned as of April 22, 2004 2), shareholders will be entitled to redeem one share for SEK 150 in cash. Example for a shareholder who currently owns 400 shares in Drott AB If the Annual General Meeting approves the Board's proposal and a shareholder who currently owns 400 shares in Drott AB accepts the voluntary redemption offer, he/she will then own: After the distribution of Bostads AB Drott: · 100 shares in Bostads AB Drott (listed on Stockholm Stock Exchange's O-list on May 6, 2004) · 400 shares in Fabege AB (formerly Drott AB) After the distribution of Bostads AB Drott and redemption of shares in Fabege AB (formerly Drott AB): · 100 shares in Bostads AB Drott (listed on Stockholm Stock Exchange's O-list on May 6, 2004) · 300 shares in Fabege AB (formerly Drott AB) · SEK 15,000 in cash (proceeds for redemption, paid out in late June) Upcoming information During the second week in March, Drott AB's annual report for 2003, a listing prospectus for Bostads AB Drott and a corporate presentation of Fabege will be distributed to all shareholders registered directly in their own names. The three publications will be available online at www.drott.se as of March 8, 2004. The English version of these publications will not be available until late March. Assuming the approval of the Annual General Meeting, an information brochure on the redemption offer will be distributed to shareholders (in early May). Drott AB (publ) Anders Böös President For further information, please contact: Drott AB, telephone +46 8 769 30 21 (Helena Stångberg Carlsson) As of March 31, 2004, the share will be listed exclusive of the right to the distribution of Bostads AB Drott, record date April 2, 2004 As of April 23, 2004, the share will be listed exclusive of the redemption right, record date April 27, 2004 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/03/01/20040301BIT00640/wkr0001.doc http://www.waymaker.net/bitonline/2004/03/01/20040301BIT00640/wkr0002.pdf