D. CARNEGIE & CO’S RIGHTS ISSUE FULLY SUBSCRIBED

Not for release, publication or distribution, directly or indirectly, in or into Australia, Hong Kong, Japan, Canada, Singapore, the United States or any other jurisdiction where such distribution of this press release would be subject to legal restrictions. 

The final result of D. Carnegie & Co AB’s (publ) (”D. Carnegie & Co” or the “Company”) rights issue, for which the subscription period ended on 23 March 2018, amounts to 10,749,568 shares, corresponding to 95.5 percent of the offered shares, having been subscribed for by exercise of subscription rights. Additionally, applications for subscription without subscription rights of 7,629,666 shares, corresponding to approximately 67.8 percent of the offered shares, have been received. Accordingly, the rights issue is fully subscribed and the rights issue guarantee issued by the Company’s largest shareholder, Vega Holdco S.à r.l., will not be used. Through the rights issue, D. Carnegie & Co will receive proceeds amounting to approximately SEK 1,013 million before issue costs.

Those who have subscribed for shares of series B without subscription rights will be allotted shares according to the principles outlined in the prospectus. The subscribers who have been allotted shares without subscription rights are expected to be notified on 28 March 2018. Nominee-registered shareholders will receive notice of allotment in accordance with the procedures of the nominee. Only those who are allotted shares will be notified.

Through the rights issue D. Carnegie & Co’s share capital increases by approximately SEK 143,409,255 from approximately SEK 1,003,864,915 to approximately SEK 1,147,274,170 and the total number of shares increases by 11,254,538, whereof 767,123 shares of series A and 10,487,415 shares of series B. After the rights issue, the number of shares in the Company amounts to 90,036,314, of which 6,136,989 shares of series A and 83,899,325 shares of series B.

The final day for trading in paid subscribed shares (BTAs) will be 5 April 2018. The new shares are expected to start trading on Nasdaq Stockholm on or about 11 April 2018.

Financial and legal advisors

Swedbank is Global Coordinator and Sole Bookrunner and Mannheimer Swartling is legal advisor to D. Carnegie & Co in connection with the rights issue.

Stockholm, 28 March 2018

D. Carnegie & Co AB (publ)

For further information, please contact:

Svein Erik Lilleland, CEO

Phone: +46 (0) 8 121 317 25 E-mail: sel@dcarnegie.se

Jonas Andersson, CIO & Head of Financing

Phone: +46 (0) 8 121 317 25 E-mail: jonas.andersson@dcarnegie.se

This information was submitted for publication, through the agency of the contact persons set out above, at 07:00 a.m. CEST on 28 March 2018.

Important information
The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, subscription rights or other securities in D. Carnegie & Co AB. The offer to subscribe for shares was made in accordance with the prospectus published on 7 March 2018.

This press release may not be released, published or distributed, directly or indirectly, in or into Australia, Hong Kong, Japan, Canada, Singapore, the United States or any other jurisdiction where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, registrations or other actions in addition to what follows from Swedish law. Nor may the information in this press release be forwarded, reproduced or disclosed in a manner that contravenes such restrictions or would entail such requirements. Failure to comply with this instruction may result in a violation of applicable securities laws.

No subscription rights, BTAs (interim shares) or new shares have or will be registered under the United States Securities Act of 1933 (“Securities Act”) or securities legislation in any state or other jurisdiction in the United States and may not be offered, subscribed, used, pledged, sold, resold, allotted, delivered or transferred, directly or indirectly, into or within the United States, other than pursuant to an exemption from, or in a transaction that is subject to, the registration requirements of the Securities Act and in accordance with securities laws in relevant state or other jurisdiction in the United States.

This press release may contain forward-looking statements which reflect D. Carnegie & Co AB’s current view on future events and financial and operational development. Words such as “intend”, “expect”, “anticipate”, “may”, “believe”, “plan”, “estimate” and other expressions which imply indications or predictions of future development or trends, and which are not based on historical facts, are intended to identify forward-looking statements. Forward-looking statements inherently involve both known and unknown risks and uncertainties as they depend on future events and circumstances. Forward-looking statements do not guarantee future results or development and the actual outcome could differ materially from the forward-looking statements.

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 company's 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 21,456 million on 31 December 2017. The total rental value amounted to SEK 1,576 million annually on 31 December 2017. The economic occupancy rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed on Nasdaq Stockholm.

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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