Swedish listed property company Kungsleden said it has appointed Carl Rosen to its election committee to represent shareholder the Second AP (National Pension) Fund. His appointment follows the fund's recent disclosure that it now owns 5.1% of the shares and equity of Kungsleden, making it the largest single investor in the property group.
Swedish listed property company Kungsleden said it has appointed Carl Rosen to its election committee to represent shareholder the Second AP (National Pension) Fund. His appointment follows the fund's recent disclosure that it now owns 5.1% of the shares and equity of Kungsleden, making it the largest single investor in the property group.
The election committee is composed of the chairman of the board of directors and representatives of some of the largest shareholders. Its tasks include monitoring and evaluating the activity of the board and making proposals for board and auditor nominations and fees. With the addition of Rosén, Kungsleden's election board is now composed of chairman Bengt Kjell and four other members.
Kungsleden shares have been quoted on the OMX Nordic Exchange Stockholm since 1999. As of 30 June 2008, the company had a property portfolio comprised of 609 properties with a book value of SEK 28.7bn (EUR 3bn).
