D. Carnegie & Co repays convertible subordinated loans
D. Carnegie & Co AB (publ) – listed on Nasdaq Stockholm – has today carried out the previously announced repayment of three convertible subordinated loans. The repayment is made in accordance with what was announced on 25 February 2016, save for that the repayment, for practical reasons, is made one day earlier than what was then announced. As a consequence of the repayment, no conversion into shares will occur and the convertible subordinated loans will be cancelled.
For further information, please contact:
Ulf Nilsson, CEO, D. Carnegie & Co, tel: +46 (0)8 121 317 25
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 MSEK 1,360 on 1 December 2015. The total rental value amounted to MSEK 1,292 on 30 September 2015 annually. The economic occupancy rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed on Nasdaq Stockholm.