10 Sep 2008 10:59
10Β SeptemberΒ 2008
Empyrean Energy plc
("Empyrean" or the "Company"; Ticker: (EME))
Holding(s) in Company
The Company announces thatΒ on 20 July 2008Β it was notified that AP-2,Β a pension fund based in Gothenburg, now holds 2,000,000 shares in Empyrean,Β representingΒ 3.36% of the totalΒ issued share capital.
For further informationΒ
Empyrean Energy plcΒ
Tel: +44Β (0)Β 20Β 7182Β 1746Β
Β
John WilkesΒ / OllyΒ Cairns
Blue Oar SecuritiesΒ - Nomad & Broker (from 15Β AugustΒ 2008)
Tel: +44Β (0)Β 20Β 7448 4400
Β
Jonathan Charles / Sarah Alexander
Conduit PRΒ
Tel: +44Β (0)Β 20Β 7429Β 6611
Notes to editors
The Second Swedish National Pension Fund AP2 is a successful manager of national pension reserve assets. The Fund, based in GΓΆteborg, is one of five "buffer" funds within the national pension system tasked with achieving the highest possible return on assets under management as well asΒ act as a counterbalance at times when the national pension system is required to make major pension disbursements.Β
The Fund's assets under management totalled SEK 227.5 billion (GBP 18.94 billion) as per December 31st 2007, an increase of SEK 10.7 billion (GBP 891Β million) compared with the preceding year. During the year, the Fund reported a net inflow of SEK 2 billion (GBP 167 million). Net profit for the year amounted to SEK 8.7 billion (GBP 724 million).
Since its inception, and including net profit for the twelve months ending December 31st 2007, the Second AP Fund has posted an annual average return on investment (ROI) of 6 percent. This is consistent with the ROI average considered essential for the Fund to fulfill its long-term responsibilities within the Swedish pension system.
More information can be found onΒ www.ap2.se
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