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28 May 2012

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Management of Sweden's Klövern buys 1m share options

All seven members of the executive management of Swedish listed property group Klövern, headed by CEO Gustaf Hermelin, have acquired call options, making up 1m shares in total or around 0.6% of current issued capital. The warrants carry a redemption price of SEK25 and run until 1 March 2013. CFO Caesar Ĺfors told PIE this is almost exactly equivalent to the last calculated net asset value per share. (See upcoming PIE editions for full story)

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