Exercise of the over-allotment option in the IPO of Hemnet
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Stockholm, 4 May 2021: Morgan Stanley & Co. International plc, Carnegie Investment Bank AB (publ), Citigroup Global Markets Europe AG, Barclays Bank Ireland PLC and Nordea Bank Abp, filial i Sverige (together the "Managers") have today notified Hemnet Group AB (publ) ("Hemnet"), General Atlantic RR B.V. (together with its affiliated investment entities, "General Atlantic") and Sprints Euphrasia S.à r.l. ("Sprints Capital") that the over-allotment option has been exercised in full and that the stabilisation period has ended.
In connection with the initial public offering of Hemnet and the listing of Hemnet's shares on Nasdaq Stockholm on 27 April 2021 (the "Offering"), General Atlantic and Sprints Capital granted the Managers an option to purchase up to 1,789,040 additional existing shares in Hemnet to cover any over-allotment in connection with the Offering (the "Over-Allotment Option"), exercisable in whole or in part within 30 days after the date on which the Hemnet shares commenced trading on Nasdaq Stockholm. The Over-Allotment Option has been exercised in full.
No price stabilisation activities have been carried out since the Offering, and due to Hemnet's share price performance Morgan Stanley & Co. International plc has, as stabilisation agent on behalf of the Managers, decided to end the stabilisation period.
For further information please contact:
Press enquiries
Jessica Sjöberg, Chief Communication & People Officer
M: +46 730 68 99 33
E: jessica.sjoberg@hemnet.se
Staffan Tell, Head of PR
M: +46 733 67 66 85
E: staffan.tell@hemnet.se
IR enquiries
Carl Johan Åkesson, CFO
M: +46 708 30 70 57
E: cj.akesson@hemnet.se
Nick Lundvall, IR Manager & Head of Corporate Development
M: +46 76 145 21 78
E: nick.lundvall@hemnet.se
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This disclosure contains information that Hemnet is obliged to make public pursuant to the EU Market Abuse Regulation (EU No 596/2014). The information was submitted for publication, through the agency of the contact persons set out above, at 17:45 CEST on 4 May 2021.
Important information
This announcement does not constitute an offer of securities for sale in any jurisdiction.
This announcement does not constitute a prospectus in any jurisdiction, including for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (together with any related implementing and delegated regulations, the “Prospectus Regulation”), and has not been approved by any regulatory authority in any jurisdiction. A prospectus has in connection with the Offering been prepared and published by the Company on the Company’s website. Investors should not invest in any securities referred to in this announcement except on the basis of information contained in the aforementioned prospectus.
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