Exercise of the over-allotment option in KlaraBo and end of stabilisation period

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ABG Sundal Collier AB (”ABGSC”) exercises the over-allotment option of 3,214,285 B-shares in KlaraBo Sverige AB (publ) (”KlaraBo” or the ”Company”) in full. The stabilisation period has ended and no stabilisation measures have been nor will be carried out.

• As announced on 22 November 2021 in connection with the offering of B-shares in KlaraBo and listing of the Company’s B-shares on Nasdaq Stockholm (the “Offering”), ABGSC, in its capacity as stabilisation manager, has had the opportunity to carry out transactions in the Company’s B-share to support the market price at a level higher than which might otherwise prevailed in the market.
• No stabilisation measures have been undertaken since the listing on 2 December 2021 and considering the Company’s share price development, ABGSC has decided to exercise the over-allotment option in full and to end the stabilisation period in advance.
• In connection with the listing, the Company granted ABGSC an over-allotment option of up to 3,214,285 B-shares, corresponding to 15 per cent of the total number of shares in the Offering, to be used to cover any over-allotment in the Offering.
• Due to the exercise of the over-allotment option by ABGSC, the board of directors of KlaraBo has resolved to issue 3,214,285 B-shares at a price corresponding to the price in the Offering (SEK 35 per B-share), raising additional proceeds of SEK 112.5 million.
• The exercise of the over-allotment option means that a total of 24,642,857 B-shares have been sold through the Offering, corresponding to a total volume of SEK 862.5 million.
• After registration of the B-shares in the over-allotment option with the Swedish Companies Registration Office, the total number of outstanding shares in KlaraBo will amount to 131,827,883, of which 16,815,000 are class A shares and 115,012,883 are class B shares.
• In connection with the Offering, ABGSC borrowed 3,214,285 existing B-shares in the Company from Investment AB Spiltan in order to ensure delivery of all over-allotted B-shares in the Offering. Due to the exercise of the over-allotment option, the previously borrowed 3,214,285 B-shares will be returned to Investment AB Spiltan.

Advisers

ABG Sundal Collier AB has acted as Sole Global Coordinator and Joint Bookrunner and Danske Bank A/S, Danmark, Sverige Filial and Handelsbanken Capital Markets have acted as Joint Bookrunners in connection to the listing. Advokatfirman Lindahl has acted as legal adviser to the Company and Baker McKenzie has acted as legal adviser to the Sole Global Coordinator and Joint Bookrunners.

For more information, please contact:
Andreas Morfiadakis, CEO KlaraBo
andreas.morfiadakis@klarabo.se
+46 76 133 16 61

About KlaraBo
KlaraBo is a real estate company that acquires, builds, owns and manages attractive residential properties. The company was founded in 2017 and operates throughout the country. The strategy is to acquire existing residential properties as well as land for new construction in regions with population growth and a strong labour market. Our newly constructed apartments are developed in-house and space efficient, which contribute to reasonable rents. Both apartments and buildings are designed in collaboration with the municipality to fit local needs. With wood as the main building material, the new construction holds a high environmental standard. KlaraBo is a long-term property owner. KlaraBo is listed on Nasdaq Stockholm and is traded under the ticker KLARA B.

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Information to distributors

Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the "MiFID II Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the Company's securities have been subject to a product approval process, which has determined that such securities are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the "EU Target Market Assessment"). Solely for the purposes of each manufacturer's product approval process in the United Kingdom, the target market assessment in respect of the securities in the Company has led to the conclusion that: (i) the target market for such securities is only eligible counterparties, as defined in the FCA Handbook Conduct of Business Sourcebook, and professional clients, as defined in Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("UK MiFIR"); and (ii) all channels for distribution of such securities to eligible counterparties and professional clients are appropriate (the "UK Target Market Assessment" and, together with the EU Target Market Assessment, the "Target Market Assessment"). Notwithstanding the Target Market Assessment, Distributors should note that: the price of the Company's securities may decline and investors could lose all or part of their investment; the Company's securities offer no guaranteed income and no capital protection; and an investment in the Company's securities is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Offering.

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