Akelius issues class A ordinary shares for EUR 168 million

Akelius Residential Property AB has, based on the mandate given by the annual general shareholders’ meeting on 2023-04-18, carried out a share issue.

94.7 million class A ordinary shares are issued with a subscription price of EUR 1.77 per share.

Akelius Residential Property AB will receive proceeds of EUR 167.7 million.

The proceeds will, together with other liquid funds, be used to repurchase the following outstanding hybrid capital security

EUR 315,299,000, originally EUR 500 million,
5.5-year non-call, first reset date 2023-10-05 with ISIN XS1788973573.

By adding equity, corresponding to half of the value of the hybrid capital of EUR 315,299,000,
to repurchase the hybrid capital security, Akelius expects the equity content to be retained on the remaining hybrid capital security.

Akelius considers the remaining hybrid capital security
to be a permanent part of the capital structure.      
 

Berlin, 2023-05-11
Ralf Spann
CEO
+49 173 643 65 90
ralf.spann@akelius.de

This information is information that Akelius Residential Property AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency of the contact person set out above, at 10.00am CET on 11 May 2023.
Akelius Residential Property AB’s D-shares are listed on Nasdaq First North Growth Market Stockholm.
Avanza Bank is the Certified Adviser of the company, ca@avanza.se, +46-8-409 421 20.