GOTHENBURG, Sweden,
Jan. 27, 2021 /PRNewswire/ --
Castellum has received a proposal regarding the composition of
the Board of Directors from Stichting Pensioenfonds ABP, the second
largest shareholder in Castellum, and two members of the Election
Committee, Vincent Fokke, representing Stichting Pensioenfonds ABP,
and Charlotte Strömberg, Chair of the Board of Castellum.
The election of the Board of Directors will take place at the
Annual General Meeting to be held on March
25, 2021.
Proposal regarding the composition of the Board
The purpose of this proposal is to ensure a Board of Directors
of Castellum that is both competent and experienced, is independent
of competitors of Castellum and able to work in the interest of all
shareholders in the company, under the leadership of a Chairman
that has no conflicts of interest as stated by the parties behind
the proposal.
It is proposed that the Board of Directors shall consist of
seven members, and that Per
Berggren, Anna-Karin Hatt,
Christer Jacobson, Christina Karlsson Kazeem, Nina Linander, Zdravko
Markovski and Joacim Sjöberg shall be re-elected as Board
members. Per Berggren is proposed as
new Chairman of the Board. Charlotte Strömberg has declined
re-election.
The existing Board of Directors of Castellum is indeed
well-functioning. The proposed Board members, individually and as
a group, possess a wide range of competences and experiences that
are highly relevant for Castellum's business. Furthermore the
proposed composition represents versatility and diversity,
including an appropriate gender balance.
Castellum is currently in an intense transformation phase with a
high level of transaction activity, strategic business
developments and operational change, among others to meet customer
expectations in a post-covid environment. Maintained continuity as
regards to the work of the Board of Directors and an undisrupted
environment in the Castellum boardroom are considered to be of high
importance. Moreover, the existing Board of Directors has
delivered excellent shareholder returns during a number of years.
The proposed Board of Directors is considered best placed to
continue this work and capable to safeguard the interest of all
shareholders in Castellum. The proposed Board members are all
deemed independent in relation to Castellum and its executive
management and have shown a high level of integrity in their work
as Board members of Castellum.
Per Berggren will be an excellent
Chairman of the Board of Castellum. He has a deep understanding of
the real estate sector and is not engaged in companies competing
with Castellum. He knows Castellum very well, is highly regarded by
the existing Board members, represents continuity and may
independently represent all shareholders in Castellum.
Concerns regarding the proposal to nominate Rutger Arnhult as
the Chairman of the Board of Castellum
As set out in the press release by Castellum on December 29, 2020, the members of the Election
Committee, Vincent Fokke and Charlotte Strömberg do not support the
Election Committee's proposal to nominate Rutger Arnhult as the
Chairman of the Board of Castellum and have made a reservation
against that proposal.
Rutger Arnhult is, together with related parties, in practice
controlling the listed real estate companies Klövern and Corem
Property Group. Both these companies are direct competitors of
Castellum. It is not to the benefit of all shareholders in
Castellum, nor in accordance with good corporate practice, to have
a Chairman of the Board closely engaged in competing businesses. We
believe it would be detrimental to the work and governance of the
Board of Castellum to have such a Chairman of the Board. Also, as
previously stated the Election Committee last year proposed Joacim
Sjöberg as a member of the Board following nomination by Rutger
Arnhult. This year, Rutger Arnhult is suggested, by a majority in
the Election Committee, to become the Chairman of the Board. It
would be disproportionate to Rutger Arnhult's economic interest in
Castellum if he is allowed to appoint two or even more
representatives on the Board, including the Chairman.
The existing Board members Anna-Karin
Hatt, Christer Jacobson and
Nina Linander have stated that they
are not available for re-election in the event that Rutger Arnhult
would be elected to the Board of Directors of Castellum. These
Board members have expressed similar concerns as set out herein.
The potential departure of three very competent and experienced
Board members would be a serious detriment to good corporate
governance in Castellum.
The complete proposal is attached to this press release and is
available on www.castellum.se.
For further information please contact:
Vincent Fokke, representing Stichting Pensioenfonds ABP,
vincent.fokke@apg-am.nl,
mobile +31 (6) 13 59 1040
Charlotte Strömberg, Chair of the Board of Castellum,
charlotte@accretiv.se,
mobile +46 70 277 04 03
About Castellum
Castellum is one of the Nordic region's largest listed real
estate companies with a property value of SEK 103 billion. We are active in 17 Swedish
growth regions as well as in Copenhagen and Helsinki. Every day, 250,000 people go to work
in our premises. We develop flexible workplaces and logistics
solutions with a lettable area of 4.4 million square meters. One of
our sustainability goals is to be entirely climate neutral by
2030. Castellum is the only Nordic real estate company selected by
the Dow Jones Sustainability Index (DJSI). The Castellum share is
listed on the Nasdaq Stockholm Large Cap.
Beyond expectations.
www.castellum.se
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/castellum/r/proposal-regarding-the-board-of-directors,c3274470
The following files are available for download:
https://mb.cision.com/Main/8364/3274470/1363939.pdf
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Proposal regarding
the composition of the BoD
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https://mb.cision.com/Public/8364/3274470/853b5237d63ee864.pdf
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Press release
210127
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