Adjusted proposal for dividend

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Eastnine's Board of Directors has decided to adjust the proposed dividend for the financial year 2021 to SEK 3.00 per share, the previous proposal was SEK 3.40 per share. The reason is the dividend limit that applies according to Eastnine's bond terms.

A dividend of SEK 3.00 per share (3.00) would constitute approximately 68 percent of Eastnine's property management results. According to the bond terms, the dividend may not exceed 70 percent. The dividend will be distributed evenly over four quarters, which means SEK 0.75 per occasion. The exact times will be stated in the notice convening the Annual General Meeting.

In addition to the profit from property management of EUR 9.5 million during the financial year 2021, Eastnine received dividends of EUR 4.8 million in 2021 and an additional EUR 6.5 million at the beginning of 2022. The high total cash flow was the reason for the previously proposed increased dividend.

Eastnine AB (publ)

For more information contact:

Kestutis Sasnauskas, CEO, +46 8-505 97 700
Britt-Marie Nyman, CFO and Deputy CEO, +46 70-224 29 35


Eastnine AB is a Swedish real estate company with a property value of EUR 470m and a long-term net asset value of EUR 392m as of 31 December 2021. Eastnine’s vision is to create and provide prime venues where ideas can flow, people can meet, and successful business can be developed. The mission is that Eastnine shall be the leading long-term provider of modern and sustainable office and logistics premises in prime locations in the Baltic capitals. Eastnine is listed on Nasdaq Stockholm Mid Cap, sector Real Estate.

This information is information that Eastnine 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 persons set out above, at 9.00 p.m. CET on 22 February 2022.