Platzer’s rights issue fully subscribed
The board of directors of Platzer Fastigheter Holding AB (publ) (“Platzer” or “the Company”) today announces the outcome of the rights issue carried out in order to finance part of the acquisition of a property portfolio from AB Volvo.
Outcome of the rights issue
The results of Platzer’s rights issue show that 23,920,498 Class B shares, representing approximately 99.93 percent of the shares offered, were subscribed for with subscription rights. In addition, applications for subscription without subscription rights amounting to an additional 2,534,004 Class B shares have been received. The rights issue has thereby been oversubscribed. Through the rights issue, Platzer receives proceeds amounting to approximately SEK 718 million before issue costs.
The 16,360 Class B shares that were not subscribed for with subscription rights have been allocated to other subscribers in accordance with the principles outlined in the prospectus relating to the rights issue. Notification regarding such allocation will only be sent to those who have been allocated shares.
As a result of the rights issue Platzer’s share capital increases by SEK 2,393 685.80 to SEK 11,993,429.20. The total number of shares increases by 23,936,858 to 119,934,292 shares, of which 20,000,000 Class A shares and 99,934,292 Class B shares.
Trading in the new shares subscribed for in the rights issue is expected to commence on Nasdaq Stockholm on or around 21 December 2016.
As previously announced, closing of the acquisition of the property portfolio is expected to occur on 15 December 2016.
Advisers
SEB is acting as financial adviser and Vinge as legal adviser to Platzer in connection with the transaction.
For further information, please contact:
P-G Persson, CEO, tel: +46 (0)734-11 12 22
Lennart Ekelund, CFO, tel: +46 (0)703-98 47 87
This information is such that Platzer Fastigheter Holding AB (publ) 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, at 8.00 CET on 9 December 2016.
Platzer Fastigheter Holding AB (publ) owns and develops commercial properties in the Gothenburg area comprising a total lettable area of approximately 480,000 sq. m. and with a value of approximately SEK 11 billion. Platzer is listed on Nasdaq Stockholm, Mid Cap.
Important information
This press release is not an offer to subscribe for shares in Platzer and investors should not subscribe for or purchase any securities, except on the basis of information provided in the prospectus.
This press release may not be made public, released or distributed, directly or indirectly, in or into the United States, Australia, Japan or Canada or in any other jurisdiction in which the distribution of this press release would be unlawful. Further, this press release does not constitute an offer to sell new shares, paid subscribed for shares (“BTA”) or subscription rights to any person in any jurisdiction in which it is unlawful to make such offer to such person or where such action would require additional prospectuses, registration or other measures other than those pursuant to Swedish law. The prospectus, application form and other documents associated with the rights issue may not be distributed in or to any country where such distribution or the rights issue would require such measures set forth in the preceding sentence or be in violation of the regulations of such country.
The new shares, BTAs and subscription rights have not been recommended or approved by any United States federal or state securities commission or regulatory authority. No new shares, BTAs, subscription rights or other securities issued by Platzer have been or will be registered under the U.S. Securities Act of 1933, as amended, or under the securities legislation in any state of the United States, and may not be offered, exercised or sold in the United States absent registration or an applicable exemption from registration requirements. There is no intention to register any portion of the offering in the United States or to conduct a public offering of securities in the United States.
The Company has not authorised any offer of the securities referred to herein to the public in any country in the European Economic Area (“EEA”) other than Sweden. In other member states in the EEA, the securities may only be offered to (i) any legal entity which is a qualified investor as defined in the Directive 2003/71/EC (the “Prospectus Directive”); or (ii) any person falling within Article 3(2) of the Prospectus Directive.
In the United Kingdom, this communication is only being distributed to, and is only directed at “qualified investors” (as defined in section 86(7) of the Financial Services and Markets Act 2000) who are (i) investment professionals falling within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) persons falling within Article 49(2)(a) to (d) (“high net worth companies, etc.”) of the Order (all such persons together being referred to as “relevant persons”). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Any person who is not a relevant person should not take any action on the basis of this communication and should not act or rely on it or any of its contents.
This press release may contain forward-looking statements which reflect Platzer’s current view on future events and financial and operational development. Words such as “intend”, “will”, “expect”, “anticipate”, “may”, “plan”, “estimate” and other expressions that imply indications or predictions of future development or trends, constitute forward-looking statements. Forward-looking statements inherently involve both known and unknown risks and uncertainties as they depend on future events and circumstances. Forward-looking statements do not guarantee future results or development and the actual outcome could differ materially from the forward-looking statements. The information, opinions and forward-looking statements included in this press release speak only as of its date and are subject to change without notice.
