D. Carnegie & Co evaluates the possibility to carry out a directed share issue and provides an update regarding the results of the first quarter

D. Carnegie & Co (publ) (the “Company”) intends to partly finance the repayment of convertible subordinated loans in the Company through a directed cash issue of up to 6,539,900 Class B shares in accordance with what the Company has announced in a press release issued on 25 February 2016.

The Company has, based on the authorisation granted to the board of directors by the Company’s extraordinary general meeting on 23 March 2016, mandated SEB and ABG Sundal Collier to evaluate the possibility to carry out a directed cash issue of up to 6,539,900 Class B shares through a so-called “accelerated book-building” procedure.

The Company further announces that earnings before taxes during the first quarter 2016, excluding value changes and dissolution of goodwill, which, taken as a whole, are expected to be positive, will be in line with, or better than earnings before taxes excluding value changes for the corresponding period 2015, and that no other extraordinary items will impact the results of the quarter. The renovation rate as well as the market value of managed properties develops according to plan. The quarterly report for the first quarter 2016 will be announced as planned on 27 April 2016.

For more information, please contact
Ulf Nilsson, CEO: +46 (0)8 – 121 317 25

Knut Pousette, Chairman: +46 (0)8 – 121 317 00

Important information
The release, announcement or distribution of this press release may in certain jurisdictions be restricted. The recipient of this press release is responsible for using the information in this press release in accordance with the applicable law in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in D. Carnegie & Co AB (publ) in any jurisdiction, neither of D. Carnegie & Co AB (publ), Skandinaviska Enskilda Banken AB (publ), ABG Sundal Collier AB or any other party. D. Carnegie & Co AB (publ) is required to disclose the above information pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication at [17.30] p.m CET [4] April 2016.

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About Us

About D. Carnegie & Co D. Carnegie & Co is a property company focusing on residential properties in the Greater Stockholm region and other growth areas. The company’s business concept is to own property portfolios slated for a gradual renovation of apartments in conjunction with the natural turnover of tenants. This can take place quickly and cost-efficiently thanks to extensive experience from the Bosystem renovation method which, among other things, means that no evacuation needs to take place. In addition to this, the company creates value through the development of building rights in existing portfolios. The market value of the company’s properties amounted to SEK 15,887 million as of September 30 2016. The total annual rental value amounted to SEK 1,366 million as of September 30 2016. The economic occupancy rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed on Nasdaq Stockholm.

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