SBB completes the acquisition of Sveafastigheter Bostad and resolves on a directed issue of Class B common shares
On 6 November 2020, Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB” or the “Company”) announced an acquisition of 100 percent of the shares in Sveafastigheter Bostad for a purchase price of SEK 2,770 million. SBB has today completed the acquisition of Sveafastigheter Bostad and, as part of such completion, the board of SBB, based on the authorization granted by the Annual General Meeting held on 27 April 2020, has resolved on an issue of not more than 44,533,762 new Class B common shares (“B-shares”).
The acquisition of Sveafastigheter Bostad is financed through an issuance of 44,533,762 new B-shares at a subscription price of SEK 31.10 per share, corresponding to a total value of SEK 1,384,999,998.20, and the remaining part is financed by SBB realising certain financial assets. The subscription price has been established in advance and equals the shares market value with a premium of approximately 11.2 percent compared with the closing price of SEK 28.16 of the B-share on Nasdaq Stockholm on 5 November 2020. Sveafastigheter Bostad Group AB has subscribed for all B-shares in the directed issue. The newly issued shares will be subject to transfer restrictions, so-called lock-up, for a period of 6 months.
The directed share issue entails an increase of the number of shares in SBB by 44,533,762 and an increase in the share capital by SEK 4,453,376.20. This entails an increase in the number of shares from 1,457,001,029 to 1,501,534,791 and an increase in the share capital from SEK 145,700,102.90 to SEK 150,153,479.10, corresponding to a dilution of approximately 3.0 percent of the number of shares and approximately 1.3 percent of the number of votes in the Company.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, ilija@sbbnorden.se
The information was sent for publication, through the agency of the contact person set out above, on 15 December 2020 at 14:00 CET.
Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region’s leading property company in social infrastructure. The Company’s strategy is to long term own and manage social infrastructure properties in the Nordics and rent regulated residential properties in Sweden, and to actively work with property development. Through SBB’s commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company’s series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap. The Company’s preference shares (ticker SBB PREF) are listed on Nasdaq First North Premier Growth Market. Certified Adviser is Erik Penser Bank (contact: certifiedadviser@penser.se / +46 84638300). Further information about SBB is available at www.sbbnorden.se.