STOCKHOLM, Sweden, Sept. 30, 2004 (PRIMEZONE) -- Fastighets AB Tornet has received notification from the Stockholm Stock Exchange that its shares will be delisted from the O list, on the basis that the company no longer meets the listing requirements regarding free float. The last day of trading will be October 29.
The decision by the Exchange was preceeded by an exhange of letters between the company and the Exchange, in which the company requested that it be allowed to stay listed despite no longer fulfilling the listing requirement regarding free float.
The Board expects to be able to make a further announcement following the next scheduled board meeting on October 12.
Danderyd 30 September 2004 Fastighets AB Tornet (publ) For more information, please contact: Christel Armstrong Darvik, Managing Director, Fastighets AB Tornet, +46- 8 544 905 02, mobile +46-70 542 34 84
FASTIGHETSABTORNET (publ)
Fastighets AB Tornet is one of Sweden's major listed property companies. Its Swedish holding has a lettable area of around 2.6 million square metres and a book value of approximately SEK 19 billion. Over 97 per cent of the property holdings, measured as book value, are in Sweden and mainly concentrated in Sweden's six largest cities and in Norrkoping and Karlstad. The properties are owned and managed by the subsidiaries ArosTornet, Malmstaden, MalarTornet, SkansTornet and Euro Tower.
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