Nyfosa postpones the distribution in kind of shares in Torslanda Property Investment AB
In the year-end report for 2019, published on February 13, 2020, Nyfosa announced that the Board of Directors intended to propose a distribution in kind of shares in which every 18 shares in Nyfosa would entitle to one (1) share in Torslanda Property Investment AB ("TPI"), following the 10:1 share split of the TPI share. The Board of Directors intended to present the proposal to the shareholders at Nyfosa's Annual General Meeting on April 23, 2020.
In light of the increased uncertainty that has occurred in the stock market as a result of the coronavirus, the Board has decided to postpone the proposal for a distribution in kind. Once the volatility has normalized and if otherwise deemed appropriate, it is the Board’s ambition to call an Extraordinary General Meeting to consider the distribution of TPI shares.
Before it was published, this information was inside information and is such information that Nyfosa AB is obligated to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication through the agency of the aforementioned contact person on March 23, 2020, at 8.00 a.m. CET.
For more information, please contact:
Jens Engwall, CEO, firstname.lastname@example.org, mobile +46 70 690 65 50
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 aim is to develop and add value to a growing property portfolio with sustained high returns. At present, Nyfosa is focusing primarily on commercial properties in Sweden. On December 31, 2019, Nyfosa owned commercial properties with a total property value of approximately SEK 19.6 billion. Read more at www.nyfosa.se