Diös’s rights issue fully subscribed

The preliminary result of Diös’s rights issue, for which the subscription period ended on 23 January 2017, indicates that 59,601,660 shares, corresponding to approximately 99.7 per cent of the shares offered, were subscribed for by the exercise of subscription rights. Additionally, applications for subscription without subscription rights of 21,487,122 shares, corresponding to approximately 35.9 per cent of the shares offered, have been received. Thus, the rights issue is fully subscribed and Diös will receive proceeds amounting to approximately SEK 1,853 million before transaction costs.

The final results of the rights issue will be published on or around 26 January 2017. Allotment of shares that were subscribed for without subscription rights will be made in accordance with the principles outlined in the prospectus. Notification regarding the allotment of shares to those who have subscribed without subscription rights is expected to be distributed on 26 January 2017. Notification will only be sent to those who have been allotted shares. Through the rights issue Diös’s share capital will increase by SEK 119,566,608 from SEK 149,457,668 to SEK 269,024,276 in total, and the total number of shares will increase by 59,783,304 shares, from 74,729,134 shares to 134,512,438 shares.

New shares subscribed for with subscription rights are expected to be registered by the Swedish Companies Registration Office (“SCRO”, Sw. Bolagsverket) on or about 30 January 2017. The last day of trading in the interim shares (“BTA”) is expected to be on 1 February 2017. Trading of the new shares is expected to begin on Nasdaq Stockholm on 3 February 2017.

New shares subscribed for without subscription rights are expected to be registered by the SCRO on or about 1 February 2017 and are expected to start trading on Nasdaq Stockholm on 3 February 2017.

Financial and legal advisors

Nordea and Swedbank are joint global coordinators in the rights issue. Law Firm Glimstedt is legal advisor to Diös and Linklaters is legal advisor to the joint global coordinators in the rights issue.

For further information, please contact:

 

Knut Rost, CEO:
Phone: +46 10-470 95 01
E-mail: knut.rost@dios.se

Rolf Larsson, CFO:
Phone: +46 10-470 95 03
E-mail: rolf.larsson@dios.se

 

Important notice

This press release does not contain or constitute an invitation or an offer to acquire, sell, subscribe for or otherwise trade in shares, subscription rights or other securities in Diös. An invitation directed towards concerned parties to subscribe for shares in Diös is only made through the prospectus that Diös have published at the company’s website, which has been approved and registered by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen). The prospectus contains, among other things, risk factors, financial statements as well as information regarding the company’s Board of Directors. This press release has not been approved by any regulatory authority and is not a prospectus. Accordingly, investors should not subscribe for or purchase any securities referred to in this press release, except on the basis of information provided in the published prospectus.

This press release may not be published or distributed in jurisdictions that are subject to restrictions according to law and persons in those jurisdictions where this press release has been published or distributed should inform themselves about and abide by such restrictions.

This press release is not directed to persons located in the United States (including its territories and possessions, any state of the United States and the District of Columbia), Canada, Japan, Australia, Hong Kong, New Zealand, Singapore, South Africa or in any other country where or to persons to whom the offer or sale of the subscription rights, paid subscribed shares (Sw. BTA) or new shares is not permitted. This press release may not be announced, published or distributed, directly or indirectly, in or into the United States, Canada, Japan, Australia, Hong Kong, New Zealand, Singapore, South Africa or any other country where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, other offer documentation, registrations or other actions in addition to what follows from Swedish law.

The information in this press release may not be forwarded, reproduced or disclosed in such a manner that would contravene such restrictions or would require such additional prospectuses, other offer documentation, registrations or other actions. Failure to comply with this instruction may result in a violation of the United States Securities Act of 1933, as amended (the “Securities Act”) or laws applicable in other jurisdictions.

In addition, if and to the extent that this press release is communicated in any European Economic Area member state that has implemented Directive 2003/71/EC (together with any applicable implementing measures, including Directive 2010/73/EC, in any member state, the "Prospectus Directive"), this press release is only addressed to and directed at persons in Sweden and the member states who are "qualified investors" within the meaning of the Prospectus Directive and must not be acted on or relied on by other persons in that member state. This press release does not constitute a prospectus within the meaning of the Prospectus Directive or an offer to the public.

In the United Kingdom, this press release is being distributed only to, and is directed only at (i) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Financial Promotion Order"), (ii) persons falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Promotion Order, or (iii) other persons to whom it may otherwise be lawfully communicated (all such persons together being referred to as "relevant persons"). This press release is directed only at relevant persons and must not be acted on or relied on by anyone who is not a relevant person.

No subscription rights, paid subscribed shares (BTAs) or new shares have been or will be registered under the Securities Act, or with any other securities regulatory authority of any state or other jurisdiction of the United States. In the United States (including its territories and possessions, any state of the United States and the District of Columbia) any offering will only be of subscription rights and paid subscribed shares (Sw. betalda tecknade aktier) made by the Company to a limited number of existing shareholders who are reasonably believed to be qualified institutional buyers (as defined in Rule 144a under the Securities Act) pursuant to an exemption from registration under the Securities Act in a transaction not involving any public offering and who have executed and returned an investor letter to the Company. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States.

This press release may contain certain forward-looking statements which reflect Diös current view on future events and financial and operational development. Words such as “intend”, “will”, “expect”, “anticipate”, “may”, “plan”, “estimate” and other expressions than historical facts which imply indications or predictions of future development or trends, constitute forward-looking statements. Forward-looking statements inherently involve both known and unknown risks and uncertainties as they depend on future events and circumstances. Forward-looking statements do not guarantee future results or development and the actual outcome could differ materially from the forward-looking statements. The information, opinions and forward-looking statements concluded in this announcement speak only as of its date and are subject to change without notice.

This information is information that Diös Fastigheter AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation, the Swedish Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The information was submitted, through the agency of the contact persons above, for publication at 08:15 on 24 January 2017.

Diös Fastigheter owns and develops both commercial and residential properties in prioritized growth areas in northern Sweden. With a market value of SEK 13.4 billion, a portfolio of 313 properties and a lettable area of 1.351 sq., our vision is to be the most active and sought-after landlord in our market. The properties are located from Borlange to Lulea with its head office in Östersund. The company has since 2005 had a continuous growth in value in the property portfolio and the share is listed on Nasdaq OMX Stockholm, Mid Cap. Learn more about Diös on www.dios.se

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About Us

Diös Fastigheter owns and develops both commercial and residential properties in prioritized growth areas in northern Sweden. With a market value of approx. SEK 23.2 billion, a portfolio of 333 properties and a lettable area of 1,4830,000 sq.m, our vision is to be the most active and sought-after landlord in our market. The properties are located from Borlänge to Luleå with its head office in Östersund. The company has since 2005 had a continuous growth in value in the property portfolio and the share is listed on Nasdaq OMX Stockholm, Mid Cap. Learn more about Diös on www.dios.se