Nyfosa intends to propose dividend in kind of shares in Torslanda Property Investment AB
The Board of Directors of Nyfosa AB intends to propose the Annual General Meeting of Nyfosa to resolve on a dividend in kind in the form of shares corresponding to 15 percent of the total number of shares in Torslanda Property Investment AB ("TPI"). Nyfosa's joint venture Söderport Holding AB ("Söderport") currently owns 78 percent of TPI. Söderport is owned equally by Nyfosa and AB Sagax.
TPI is a Swedish real estate company that owns and manages properties with a leasable area of
194,000 square meters and with a market value of SEK 3 billion. The company’s share is listed on Nasdaq First North Growth Market. The intended dividend increases the number of shareholders in TPI, which creates conditions for a more efficient trading which benefits the shareholders and supports the continued development of the company.
Nyfosa intends to revert with the Board of Directors' final dividend proposal in connection with the announcement of Nyfosas year-end report on February 13, 2020.
Nyfosa has decided to announce its Board of Directors' intention to propose a dividend in kind, due to Sagax's announcement as per today that Sagax intends to propose dividend in kind of shares corresponding to 15 percent of the total number of shares in TPI to the Sagax shareholders.
For more information, please contact:
Jens Engwall, CEO, jens.engwall@nyfosa.se, tel: +46 706 906 550
Johan Ejerhed, Head of Finance, johan.ejerhed@nyfosa.se, tel: +46 703 939 887
The information was prior to this release inside information that Nyfosa 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 on February 7, 2020 at 8:15 a.m. CET.
About Nyfosa
Nyfosa is a transaction-based and opportunistic property company. The company’s business concept is based on active participation in the Swedish transaction market combined with an investment strategy that can be flexible to the property market. The goal is to develop and add value to a growing property portfolio while generating sustained high returns. At present, Nyfosa is focusing primarily on commercial properties in Sweden. As of September 30, 2019, Nyfosa owned commercial properties with a total property value of approximately SEK 18.3 billion. The company’s stock is listed on Nasdaq Stockholm since November 2018. Read more at www.nyfosa.se.
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