Hemfosa Fastigheter AB applies for de-listing and postpones publication of year-end report

Following that Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") controls approximately 91.2 percent of the shares in Hemfosa Fastigheter AB (”Hemfosa” or the “Company”) and has initiated compulsory redemption of the remaining shares in the Company, the Board of Hemfosa has resolved to apply for de-listing of the Company’s shares from Nasdaq Stockholm and to postpone publication of the year-end report for 2019.   

On 23 December 2019, SBB declared the public offer for Hemfosa unconditional and completed the offer. On 10 January 2020, SBB announced that it holds approximately 91.2 percent of the total number of outstanding shares in Hemfosa, corresponding to approximately 91.6 percent of the votes. SBB has also initiated compulsory redemption of the remaining shares in the Company. 

In light of the above, and in accordance with SBB's request, the Board of Hemfosa has resolved to apply for de-listing of the Company’s ordinary and preference shares from Nasdaq Stockholm. The last day of trading in the Company’s shares on Nasdaq Stockholm will be announced as soon as the Company has received confirmation thereof from Nasdaq Stockholm.

Further, the Board of Hemfosa has, in accordance with SBB's request, resolved to postpone the publication of Hemfosa's year-end report for 2019 from 14 February 2020 to 19 February 2020, the same day that SBB will announce its year-end report for 2019. 

As previously announced, the Board of Hemfosa has, at SBB's request, convened an Extraordinary General Meeting to be held on 19 February 2020, in order to, amongst other things, elect a new Board. For more information, please see the separate press release with the notice to the Extraordinary General Meeting.  

For further information, please contact: 

Bengt Kjell, Chairman of the Board, mobile +46 70-594 53 98

About Hemfosa Fastigheter

Hemfosa is a Swedish property company focused on community service properties in the Nordic region, with the Swedish state and municipalities as its largest tenants. This provides stable revenue flows and a healthy yield. Hemfosa also aims to create value through active participation in the transaction market. At September 30, 2019, Hemfosa owned properties with a total property value of SEK 40 billion. The company's ordinary share has been listed since March 2014, and the preference share since December 2014, both on Nasdaq Stockholm. Read more at www.hemfosa.se.