Aros Bostad resolves to redeem, and applies for delisting of, outstanding preference shares of class A
The board of directors of Aros Bostadsutveckling AB (publ) ("Aros Bostad" or the "Company") has, in accordance with what the Company previously has communicated, resolved to redeem all outstanding preference shares of class A in the Company and applies for delisting of the preference shares of class A, which are admitted to trading on Nasdaq First North Growth Market. The record date for the redemption procedure is expected to be 21 July 2021 and last day of trading in the Company’s preference shares of class A is expected to be 19 July 2021.
The board of directors of the Company has, based on the provisions regarding redemption in the Company's articles of association and as previously communicated, resolved to redeem all 104,041 outstanding preference shares of class A. The redemption amount per share is, as stipulated in the articles of association, SEK 100, SEK 10,404,100 in total for all shares. Through the redemption procedure, the share capital of the Company will decrease by SEK 2,080.82.
As a consequence of the redemption resolution, the Company’s board of directors has also applied to delist the Company’s preference shares of class A, which are admitted to trading on Nasdaq First North Growth Market. Last day of trading in the Company’s preference shares of class A is expected to be 19 July 2021.
Preliminary timetable
| Event | Date |
| Last day of trading and delisting of the shares | 19 July 2021 |
| Record date | 21 July 2021 |
For more information, please contact:
Magnus Andersson, CEO, e-mail: magnus.andersson@arosbostad.se, phone: +46 8 400 230 50
Ken Wendelin, CFO/Deputy CEO, e-mail: ken.wendelin@arosbostad.se, phone: +46 73 518 02 70
Anna Åkerlund, Head of Communications & IR, e-mail: anna.akerlund@arosbostad.se, phone: +46 70 778 28 97
Certified Adviser, e-mail: certifiedadviser@penser.se, phone: +46 8 463 83 00
About Aros Bostad
Aros Bostad is a residential developer within the Stockholm area focusing on developing modern, functional and sustainable residential housing in attractive geographical areas, with timeless choices of materials and designs. The Company acquires and develops land into building rights and subsequently into residential housing. With a long-term perspective and responsibility for the entire value chain, Aros Bostad creates a safe deal for home buyers as well as stable returns for the investors. The Company was founded in 2006 and its primary geographical market is the greater Stockholm area and Uppsala. The Company's project portfolio has historically been built up through fund structures in collaboration with institutional investors, as well as through own acquisitions. Aros Bostad has residential development projects in different stages of development corresponding to c. 4,600 units.
Main investors in Aros Bostad's funds is primarily institutional capital from AP1, Varma, SEB Trygg-Liv, SEB Pensionsstiftelse, Östersjöstiftelsen as well as several prominent and financially strong entrepreneurs and investors.
The Company's ordinary shares and preference shares of class A and B are listed on Nasdaq First North Growth Market.