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  • Pandox AB
    Vasagatan 11, 9th floor, Stockholm, Sweden
    +46 8 506 205 50
    http://www.pandox.com
  • Anders Berg

    Head of Communications & IR


    +46 760 95 19 40
  • Erik Ax

    Communications & IR Manager


    +46 70 713 77 06
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    Pandox has completed previously announced acquisition of DoubleTree by Hilton Edinburgh City Centre

    The hotel property will be reported in the business segment Own Operations. The total transaction value amounts to approximately MGBP 49.   For more information about the transaction, please see the press release from 4 September 2024 when the acquisition was announced. FOR MORE INFORMATION, PLEASE CONTACT: Liia Nõu, CEO, +46 (8) 506 205 50 Anneli Lindblom, CFO, +46 (0) 765 93 84 00 Anders Berg, SVP Head of Communications and IR, +46 (0) 760 95 19 40   The information was submitted for publication, through the agency of the contact persons set out above, at 14:15

    Increase in number of shares and votes in Pandox

    Pandox Aktiebolag (publ) (“Pandox”) announces that Pandox’s registered number of shares, votes and share capital has increased through the directed share issue of 10,753,001 class B shares, corresponding to 10,753,001 votes, which was announced in September 2024. As of 30 September 2024, the total number of registered shares in Pandox is 194,603,000, distributed between 75,000,000 class A shares and 119,603,000 class B shares. Accordingly, the number of votes in Pandox as of 30 September 2024 amounts to 344,603,000, distributed between 225,000,000 votes on the basis of class A shares and

    Pandox completes a directed share issue of approximately 10.75 million B-shares, raising proceeds of SEK 2 billion

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, THE UNITED KINGDOM, AUSTRALIA, CANADA, HONG KONG, ISRAEL, JAPAN, NEW ZEALAND, SOUTH AFRICA, SWITZERLAND OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.Pandox Aktiebolag (publ) (“Pandox” or the “Company”) has, based on the authorisation granted by the annual general meeting on 10 April 2024 and in accordance with what the Company indicated in a press release earlier today,

    Pandox evaluates the conditions to carry out a directed share issue

    NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, THE UNITED KINGDOM, AUSTRALIA, CANADA, HONG KONG, ISRAEL, JAPAN, NEW ZEALAND, SOUTH AFRICA, SWITZERLAND OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.Pandox Aktiebolag (publ) (the “Company” or “Pandox”) has mandated ABG Sundal Collier, DNB Markets, Handelsbanken and Skandinaviska Enskilda Banken (together the “Joint Bookrunners”) to evaluate the conditions to carry out a

    Pandox Aktiebolag (publ) nomination committee for the AGM 2025

    In accordance with the decision at Pandox’s annual general meeting in 2024, Pandox’s nomination committee for the annual general meeting 2025 shall consist of members appointed by the four, per 31 July 2024 by votes, largest shareholders according to the shareholders’ register held by Euroclear Sweden, and the chairman of the board. The chairman of the board shall also summon the first meeting of the nomination committee. If a shareholder, who is entitled to appoint a representative to the nomination committee, abstains from appointing a representative, the right to appoint a representative

    Save the date - Pandox Hotel Market Day 2024

    Pandox is holding its annual Hotel Market Day on 19 November 2024 at the Hilton Stockholm Slussen.  The theme is ‘A New Dawn - Hotels in a Changing World’, where we bring together industry experts and decision makers to explore the future of the hotel industry in a time of great change. We look forward to a day filled with insightful discussions on how geopolitics, economic shifts and changing demand are affecting the hotel industry. The event will take place both physically and digitally and will be webcasted live with start from 13:00 CET. Pandox introduced the Hotel Market Day in

    Pandox AB (publ) is evaluating the possibilities for acquisition of a hotel portfolio in London

    Following questions from the media, Pandox confirms that the company has entered a negotiating phase concerning the possibilities for acquisition of a hotel portfolio in London, UK, with a corresponding value of approximately MSEK 3,000. Pandox would like to emphasise that current negotiations may not necessarily lead to an agreement, and that it is not certain that the transaction will be successfully concluded. Our business model is integrated and sustainable and is based on property management, property development and continuous optimisation of the portfolio, which together

    Pandox AB (publ) interim report January–June 2024

    Profitable growth and strong cash flow April–June 2024 · Revenues for Leases amounted to MSEK 1,009 (942). For comparable units in fixed currency, the increase was 3 percent · Revenues for Own Operations amounted to MSEK 857 (832) MSEK. For comparable units in fixed currency, the increase was 10 percent · Net operating income for Leases amounted to MSEK 869 (806). For comparable units in fixed currency, the increase was 4 percent · Net operating income for Own Operations amounted to MSEK 256 (219). For comparable units in fixed currency, the increase was 20 percent

    Pandox AB (publ) year-end report January–March 2024

    Promising start to the year   January–March 2024 · Revenues for Leases amounted to MSEK 845 (780). For comparable units in fixed currency, the increase was 2 percent · Revenues for Own Operations amounted to MSEK 656 (573) MSEK. For comparable units in fixed currency, the increase was 6 percent · Net operating income for Leases amounted to MSEK 694 (662). For comparable units in fixed currency, the increase was 2 percent · Net operating income for Own Operations amounted to MSEK 91 (52). For comparable units in fixed currency, the increase was 22 percent

    Pandox has completed previously announced divestment of DoubleTree by Hilton Montreal

    The sale includes both the hotel property and hotel operations with a transaction price of approximately MCAD 80.   For more information about the transaction, please see the press release from 26 February 2024 when the divestment was announced. FOR MORE INFORMATION, PLEASE CONTACT: Liia Nõu, CEO, +46 (8) 506 205 50 Anneli Lindblom, CFO, +46 (0) 765 93 84 00 Anders Berg, SVP Head of Communications and IR, +46 (0) 760 95 19 40   The information was submitted for publication, through the agency of the contact persons set out above, at 08:45 CEST on 15 April 2024.

    Invitation to presentation of Pandox’s interim report January–March 2024

    Pandox AB (publ) publishes the interim report for the period January–March 2024 on 25 April 2024, at 07:00 CEST, followed by a webcasted telephone conference at 08:30 CEST. Afterwards, a proprietary presentation on the international hotel market, separate from Pandox’s earnings presentation, will be held by Thomas Emanuel, Senior Director, STR International. Teleconference If you wish to participate via teleconference, please register via the following link: https://conference.financialhearings.com/teleconference/?id=5009919 

    Pandox AB (publ) publishes annual report for 2023

    The Swedish version of Pandox’s annual report 2023 including sustainability report is available as of today at www.pandox.se. In the annual report we describe the driving forces behind the growth in the hotel market, Pandox's business model and success factors, as well as our progress in sustainability. The Swedish annual report for 2023 will also be available on Pandox’s corporate webpage in Single Electronic Format (ESEF). The English version of the annual report is expected to be available on Pandox’s website within two weeks.       FOR MORE INFORMATION, PLEASE CONTACT:

    Notice to annual shareholders’ meeting in Pandox Aktiebolag (publ)

    Pandox Aktiebolag (publ), reg. no. 556030-7885, with its registered office in Stockholm, gives notice to the annual shareholders’ meeting to be held on 10 April 2024 at 10.00 at Hilton Slussen, Guldgränd 8 in Stockholm. Registration starts at 9.30. Shareholders can participate in the annual shareholders’ meeting by attending the venue in person or by voting in advance (postal voting). To facilitate participation for shareholders that does not attend the venue, the annual shareholders’ meeting will be broadcasted through Pandox webpage. Right to participate in the annual shareholders’

    Pandox AB (publ) year-end report January–December 2023

    Strong end to the year and raised dividend   Pandox has renamed its business segments to Leases (formerly Property Management) and Own Operations (formerly Operator Activities). The name change will not affect the accounting principles.   October–December 2023 · Revenue for Leases amounted to MSEK 928 (848). For comparable units, the increase was 7 percent, adjusted for currency effects · Net operating income for Leases amounted to MSEK 769 (698). For comparable units, the increase was 7 percent, adjusted for currency effects · Net operating income for Own Operations

    Invitation to presentation of Pandox’s year-end report January–December 2023

    Pandox AB (publ) publishes the year-end report for the period January–December 2023 on 8 February 2024, at 07:00 CET, followed by a webcasted telephone conference at 08:30 CET.   Afterwards, a proprietary presentation on the international hotel market, separate from Pandox’s earnings presentation, will be held by Thomas Emanuel, Senior Director, STR International. Teleconference If you wish to participate via teleconference, please register via the following link: https://conference.financialhearings.com/teleconference/?id=5003692 

    Pandox signs new lease agreement for Hotel Pomander in Nuremberg

    Pandox AB (publ) has signed a new lease with Scandic Hotels Group for Hotel Pomander in Nuremberg, Germany. The lease is revenue-based with a guaranteed minimum level and long term. The agreement comes into force on 1 March 2024. “We are happy to welcome Scandic as tenant to our newly renovated and centrally located hotel property in Nuremberg. The lease agreement confirms our ability to create value by acquiring, developing and improving underperforming hotel properties in an international environment. It is also a good example of our model where we, through deep hotel knowledge and

    Pandox Hotel Market Day 2022: The hotel market in a multisphered world

    Pandox’s annual Hotel Market Day takes place today. The theme is "The hotel market in a multisphered world", with focus on how geopolitical shifts affect hotel demand, hotel investments and consumer behaviour. “The geopolitical shifts that are now taking place in the world represent both a threat and an opportunity for the hotel sector. With this year's hotel market day, we want to understand the driving forces behind the shift, create insight into its effects on our industry and hopefully also be able to inspire the participants to make good business decisions", says Liia Nõu, CEO of

    Pandox AB (publ) interim report January–September 2023

    Record strong NOI but higher interest expense   July–September 2023 · Revenue from Property Management amounted to MSEK 1,040 (967). For comparable units, the increase was 7 percent, adjusted for currency effects · Net operating income from Property Management amounted to MSEK 920 (866). For comparable units, the increase was 7 percent, adjusted for currency effects · Net operating income from Operator Activities amounted to MSEK 222 (193). For comparable units, the increase was 28 percent, adjusted for currency effects · EBITDA amounted to MSEK 1,102 (1,037), an

    Invitation to presentation of Pandox’s interim report January–September 2023

    Pandox AB (publ) publishes its interim report for the period January–September 2023 on 26 October 2023, at 07:00 CEST, followed by a webcasted telephone conference at 08:30 CEST. Afterwards, a proprietary presentation on the international hotel market, separate from Pandox’s earnings presentation, will be held by Robin Rossmann, Managing Director, STR International. TeleconferenceIf you wish to participate via teleconference, please register via the following link: https://conference.financialhearings.com/teleconference/?id=5009236. After registration you will be provided phone

    Pandox signs attractive lease agreement for hotel property in central Copenhagen

    During the ongoing renovation and repositioning of Hotel Mayfair in central Copenhagen, Pandox AB (publ) has signed an attractive lease agreement with the operator Strawberry and the Hobo brand. Pandox continues to run the day-to-day hotel operations until the renovation project has been completed and the new lease comes into force, which is expected to take place in the second half of 2024. The new lease is revenue-based with an indexed, guaranteed minimum level, and long term. "We are very pleased with the new lease agreement, which results in a significant increase in the value of the

    Pandox Aktiebolag (publ) nomination committee for the AGM 2024

    In accordance with the decision at Pandox’s annual general meeting in 2023, Pandox’s nomination committee for the annual general meeting 2024 shall consist of members appointed by the four, per 31 July 2023 by votes, largest shareholders according to the shareholders’ register held by Euroclear Sweden, and the chairman of the board. The chairman of the board shall also summon the first meeting of the nomination committee. If a shareholder, who is entitled to appoint a representative to the nomination committee, abstains from appointing a representative, the right to appoint a representative

    Save the date - Pandox Hotel Market Day 2023

    Pandox will host its annual Hotel Market Day 21 November 2023 at Hilton Stockholm Slussen. The theme is ”the hotel market in a multisphered world” with focus on current geopolitical shifts and their effect on hotel demand, the hotel guest’s expectations on hotel products and trends in the hotel transaction market. The event will take place both physically and digitally and will be webcasted live with start from 13:00 CET. Pandox introduced the Hotel Market Day in 1996 with the aim to reflect upon and analyse important macro trends and to contribute added know-how to the hotel industry.

    Pandox AB (publ) interim report January–June 2023

    Good growth in a strong hotel market April–June 2023 · Revenue from Property Management amounted to MSEK 942 (858). For comparable units, the increase was 12 percent, adjusted for currency effects · Net operating income from Property Management amounted to MSEK 806 (761). For comparable units, the increase was 12 percent, adjusted for currency effects · Net operating income from Operator Activities amounted to MSEK 219 (238). For comparable units, the increase was 38 percent, adjusted for currency effects · EBITDA amounted to MSEK 977 (970), an increase of 1 percent ·

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