Hemfosa’s offer to subscribe for preference shares is increased

  • As a result of strong demand in Hemfosa’s preference share issue, the Board of Directors of Hemfosa has resolved to increase the offer to comprise of up to 5,000,000 preference shares, corresponding to SEK 1,625m
  • Subscription price and other terms in regard to the offer remain unchanged

On 20 November, 2014, Hemfosa announced an offer to subscribe for up to 3,000,000 preference shares in the company, at a subscription price of SEK 325 per preference share, with an option for the Board of Directors to increase the offer to comprise of up to 5,000,000 preference shares in total.

Due to strong demand from both institutional investors in Sweden and internationally as well as the general public in Sweden, Hemfosa’s Board of Directors has, following consultation with Swedbank, resolved to increase the offer by up to 2,000,000 additional preference shares up to 5,000,000 preference shares in total. Hereby, as a part of the offer, Hemfosa could receive total proceeds of SEK 1,625m before issue expenses.    

Swedbank Corporate Finance is acting as financial advisor and Advokatfirman Cederquist as legal advisor to Hemfosa in connection to the offer.

Nacka 27 November, 2014

Hemfosa Fastigheter AB (publ)

The Board of Directors

For more information, please contact:

Bengt Kjell, Chairman of the Board, mobile: +46 705 94 5398

Jens Engwall, CEO, jens.engwall@hemfosa.se, mobile: +46 706 90 6550, office +46 8 448 04 80

About Hemfosa Fastigheter

Hemfosa is a Swedish property company with a property portfolio characterized by a balanced geographic spread and a high proportion of community service properties with the government and municipalities as the largest tenants. This generates stable revenue flows and a healthy yield. Hemfosa also aims to create value by actively participating in the transaction market. As of 30 September, 2014, Hemfosa owns commercial properties in Sweden with a total property value of approximately SEK 20.6 billion, including the Company’s share of the property value in joint ventures. The Company’s share is listed on the Nasdaq Stockholm Mid Cap exchange as of 21 March, 2014.

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About Us

Hemfosa is a Swedish property company focusing on community service properties in the Nordic region with its largest tenants being the Swedish state and municipalities. This provides stable cash flows and a healthy yield. In order to create value, Hemfosa also aims to actively participate in the transaction market. As per June 30, 2016, Hemfosa owned properties with a total property value of approximately SEK 33.2 billion, including the company’s share of the property value in joint ventures. Hemfosa’s common share has been listed since March 2014 and its preference share since December 2014, both on Nasdaq Stockholm. Read more at www.hemfosa.se.

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