Folksam Group has successfully sold 25.6 million shares in Swedbank
The Folksam Group has sold in total 25.6 million ordinary shares in Swedbank AB – or 2.3 per of Swedbank’s share capital – through an accelerated bookbuilding process to institutional investors at a price of SEK 219 per share.
Sellers of the 25.6 million shares sold were Folksam Liv and Folksam Sak. Following the placing, the Folksam Group owns approximately 79.2 million ordinary shares, representing 7.0 per cent of the total number of shares issued and 7.0 per cent of the total votes in Swedbank. As earlier communicated, Swedbank remains a long-term and strategic investment to the Folksam Group.
“Our ownership in Swedbank remains long-term both in financial and strategic aspects, even though this was the right time to decrease the Swedbank concentration in our asset portfolios. The Folksam Group’s engagement in Swedbank has been, and still is, a pure success story to our customers. The total return since 2008 adds up to approximately SEK 22 billion”, Jens Henriksson says, President and CEO of the Folksam Group.
J.P. Morgan has acted as bookrunner in connection with the placing.
Subject to customary exception or the consent of J.P. Morgan Securities, the Folksam Group’s remaining shares are subject to a 180 days’ lock-up period.
For further information, please contact:
Juha Hartomaa, investor relations, Folksam Group, 070-831 65 26, juha.hartomaa@folksam.se
About Folksam
Folksam is a customer-owned company. We offer insurance policies and pension investments. Almost one in two Swedes is insured with Folksam, and we are one of the largest asset managers in Sweden. Our vision is that our customers should feel secure in a sustainable world. Read more at www.folksam.se
THE INFORMATION CONTAINED IN THIS MESSAGE IS NOT FOR PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN AND DOES NOT CONSTITUTE AN OFFER OF SECURITIES FOR SALE IN ANY OF THESE JURISDICTIONS. NEITHER THIS MESSAGE NOR THE INFORMATION CONTAINED IN IT MAY BE TAKEN, TRANSMITTED OR DISTRIBUTED DIRECTLY OR INDIRECTLY INTO THE UNITED STATES OF AMERICA. THIS MESSAGE IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OF AMERICA. SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OF AMERICA ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED. IF THERE WOULD BE A PUBLIC OFFERING OF SECURITIES IN THE UNITED STATES OF AMERICA, IT MUST BE MADE BY MEANS OF A PROSPECTUS THAT WOULD BE OBTAINABLE FROM THE ISSUER OR SELLING SECURITY HOLDER AND THAT WOULD CONTAIN DETAILED INFORMATION ABOUT THE COMPANY AND MANAGEMENT, AS WELL AS FINANCIAL STATEMENTS.