SAGAX PROPOSES DISTRIBUTION IN KIND OF SHARES IN TORSLANDA PROPERTY INVESTMENT TO SHAREHOLDERS
The Board of Directors of Sagax (publ) (“Sagax”) intends to propose a distribution in kind of shares in which 30 Class A or Class B common shares in Sagax will confer the right to one (1) share in Torslanda Property Investment AB (publ) (“TPI”) following a 10:1 split of the TPI share. The proportion of distributed shares corresponds to 15% of the number of shares in TPI. The Board intends to present the proposal to shareholders at Sagax’s Annual General Meeting on 6 May 2020. Sagax owns 78% of the number of outstanding shares and votes in TPI through Söderport Holding AB, which is