Akelius redeems all preference shares

The Board of Directors of Akelius Residential Property AB (publ) has decided on a mandatory redemption of all 18,835,606 preference shares at SEK 347.5 per preference share,
of which SEK 2.5 per preference share is accrued dividend.

In total, the redemption amount is SEK 6,545 million.

The redemption of the preference shares is carried out in accordance with the redemption provision in § 5 paragraph 7 in the articles of association.
The company’s share capital will, through the redemption, be reduced by EUR 1,099,643.25.
An amount corresponding to the reduction of the share capital will be transferred to the statutory reserve.

The company will apply for de-listing of the preference shares from Nasdaq First North Growth Market.
The company proposes 2019-12-13 as the last day of trading in the preference shares.
Record date is 2019-12-17 and the settlement date is expected to be 2019-12-20.

Akelius will announce the date of the last day of trading when the notice from Nasdaq Stockholm has been received.

The redemption is automatic,
the shareholders do not need to take any measures.

Stockholm, 2019-11-08

Board of Directors

Pål Ahlsén
CEO
+46 768 07 97 02
pal.ahlsen@akelius.se

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, 2019-11-08 at 4.00pm CET.
 

Akelius Residential Property AB’s preference shares and 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.

About Us

Akelius Residential Property AB is one of the largest listed residential real estate companies in Europe with a property portfolio consisting of 45,000 apartments and a fair value of EUR 12 billion. Akelius owns apartments for metropolitans in Berlin, Hamburg, Paris, London, Toronto, Montreal, New York, Boston, Washington D.C., Stockholm, Malmö and Copenhagen. Akelius provides current and future tenants with better living, by continuously upgrading the buildings and the service.

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