Gothenburg, March 22, 2000
In case the conditions in Castellum's offer to Diligentia's shareholders will not be accepted at the end of the acceptance period on March 27th 2000, Castellum's Board of Directors has decided to propose to the Annual General Meeting a repurchase/redemption of shares worth SEK 1,000 million. The decision was taken in light of Castellum's favourable financial position and strong cash flow, but also considering the company's future capacity to make profitable and value-adding investments. A contributory cause for the decision was the discount to the net asset value per share. Castellum's NAV per share was SEK 132 as at December 31st, 1999. As reported earlier, the board has also decided to propose a dividend of SEK 4.50 per share.
Lars-Erik Jansson, who, as earlier announced, has been appointed to succeed Thomas Alexandersson as new CEO, entered on his duties at today's board meeting.
For further information, please contact:
Lars-Erik Jansson, CEO, tel +46 31 60 74 00/ mobile +46 705-92 06 70
Håkan Hellström, CFO/deputy CEO, tel +46 31 60 74 00 / mobile +46 705-60 74 56