Stabilization notice and end of the stabilization period

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES

Carnegie Investment Bank AB (”Carnegie”) notifies that stabilization measures have been undertaken in Bygghemma Group First AB (publ) (”Bygghemma Group” or the “Company”) shares traded on Nasdaq Stockholm. Carnegie further announces that the stabilization period has now ended and no further stabilization transaction will be executed. The over-allotment option will not be exercised.   

As announced in connection with the offering to acquire newly issued shares in the Company and the listing of the Company’s shares on Nasdaq Stockholm (the ”Offering”), Carnegie may, acting as Sole Global Coordinator, carry out transactions aimed at supporting the market price of the shares at levels above those which might otherwise prevail in the market.

Stabilization transactions have been able to be undertaken on Nasdaq Stockholm, in the over-the-counter market or otherwise, at any time during the period started on the first day of trading in the shares on Nasdaq Stockholm, i.e. 27 March 2018, and with an ending no later than 30 calendar days thereafter. However, the Sole Global Coordinator has not been obliged to carry out any stabilization and has not assured that stabilization will be undertaken. Undertaken stabilization have been possible to discontinue at any time without prior notice. Transactions have, in no event, been executed at levels above the price in the Offering. 

The Principal Owners[1] of the Company granted Carnegie, as Sole Global Coordinator, acting on behalf of Skandinaviska Enskilda Banken AB (publ) and Joh. Berenberg & Co. KG. as well, an over-allotment option within the Offering which could be utilized in whole or in part for 30 days from the first day of trading in the Company’s shares on Nasdaq Stockholm. The over-allotment option encompassed up to 4,426,723 shares, corresponding to up to 15 percent additional shares of the total number of shares in the Offering, at a price corresponding to the price in the Offering, i.e. SEK 47.50. Such shares were allocated to investors prior to the first day of trading in Bygghemma Group. The shares under the over-allotment option could then be used for stabilization purposes or to cover any over-allotment in connection with the Offering. Carnegie now notifies that the over-allotment option will not be exercised and, accordingly, 4,426,723 shares in Bygghemma Group, which Carnegie has lent from the Principal Owners for the over-allotment option, will be re-delivered.  

Specified below is stabilization information regarding stabilization measures which Carnegie has undertaken on the indicated date in accordance with article 5(4) in the Market Abuse Regulation 596/2014. The contact person at Carnegie is Magnus Andersson (tel: +46 5886 88 00).

Stabilization information:
Issuer: Bygghemma Group First AB
Securities: Shares (SE0010948588)
Offering size: 29,647,660
Offer price: SEK 47.50
Ticker: BHG
Stabilization manager: Carnegie Investment Bank AB (publ)


Stabilization transactions:
Date Quantity Price (highest) Price (lowest) Price (volume weighted average) Currency Trading venue
2018-04-26 124,993 37.50 35.70 36.5198 SEK Nasdaq Stockholm

The stabilization period regarding the Offering has now ended and no further stabilization transactions will be executed. Specified below is a summary of the stabilization transactions that have been executed during the stabilization period in accordance with this press release and the press releases as of 6 April, 13 April and 25 April 2018, respectively. All transactions during the stabilization period have been executed on Nasdaq Stockholm and no stabilization transactions have been executed on other dates than those specified below. 

Date SEK (Interval)
27 March 2018 41.00 – 47.50
28 March 2018 41.00 – 42.40
29 March 2018 41.80 – 42.485
3 April 2018 41.40 – 42.40
4 April 2018 37.00 – 42.37
5 April 2018 39.30 – 40.30
6 April 2018 39.80 – 41.00
9 April 2018 39.90 – 40.00
10 April 2018 38.70 – 39.90
11 April 2018 37.475 – 39.00
12 April 2018 36.00 – 37.70
13 April 2018 33.80 – 36.995
16 April 2018 35.20 – 36.00
19 April 2018 36.70 – 37.57
20 April 2018 36.80 – 37.32
23 April 2018 36.50 – 37.20
24 April 2018 36.015 – 37.00
25 April 2018 35.50 – 36.50
26 April 2018 35.70 – 37.50

For further information, please contact:

Mikael Olander, President and CEO of Bygghemma Group

Telephone: +46 708-19 43 00

E-mail: mikael.olander@bygghemmagroup.se  

John Womack, Head of Investor Relations

Telephone: +46 706-78 24 99

E-mail: john.womack@bygghemmagroup.se 

www.bygghemmagroup.com 

This information is information that Bygghemma Group First AB is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact person set out above, at 20.00 CEST on 26 April 2018.  

Important information

This announcement is not and does not form a part of any offer for sale of securities.

Copies of this announcement are not being made and may not be distributed or sent into the United States, Australia, Canada, Japan or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and accordingly may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any offering in the United States or to conduct a public offering of securities in the United States.

The offering of securities referred to in this announcement has been made by means of a prospectus. This announcement is not a prospectus for the purposes of Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the “Prospectus Directive”). Investors should not invest in any securities referred to in this announcement except on the basis of information contained in the aforementioned prospectus.


[1]Principal Owners” refers to each of (i) FSN Capital GP IV Limited acting in its capacity as general partner for and on behalf of each of FSN Capital IV L.P., FSN Capital IV (B) L.P. and FSN Capital IV Invest L.P. (ii) FSN Capital GP V Limited acting in its capacity as general partner for and on behalf of each of FSN Capital V L.P., FSN Capital V (B) L.P. and FSN Capital V Invest L.P. and (iii) FSN Capital Project Growth GP Limited acting in its capacity as General Partner of FSN Capital Project Growth Co-Investment L.P.

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