SBB has decided on an issue of B-shares as consideration when acquiring Hemfosa common shares
The Board of Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB” or the “Company”) has, based on the authorization given by the annual general meeting held on 29 April 2019, decided on a directed new issue of 6,639,360 Class B common shares (“B-shares”) at a price corresponding to approximately SEK 29.9 per share. Syquant Capital has, on behalf of certain funds, (“Syquant Capital”) subscribed for all B-shares in the directed issue.
The issue is made due to that SBB has entered into an agreement with Syquant Capital to acquire a total of 8,736,000 common shares in Hemfosa Fastigheter AB (publ) (“Hemfosa”) (to a price not exceeding the price in the recently completed offer to the shareholders of Hemfosa). The newly issued B-shares constitute part of the agreed consideration and the subscription price corresponds to the volume-weighted average price of the share on 20 February 2020, the last trading day before entering into the agreement.
The directed share issue will result in an increase of the number of shares in SBB of 6,639,360 and an increase in the share capital by SEK 663,936. This entails an increase in the number of shares from 1,368,067,979 to 1,374,707,339 and an increase in the share capital from SEK 136,806,797.90 to SEK 137.470.733.90, corresponding to a dilution of approximately 0.5 percent of the outstanding number of shares and approximately 0.2 percent of the outstanding number of votes in the Company. After completion of the acquisition, SBB will control 98.3 percent of the shares and 98.9 percent of the votes in Hemfosa.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, ilija@sbbnorden.se
The information was sent for publication, through the agency of the contact person set out above, on 24 February at 20:15 CET.
About Samhällsbyggnadsbolaget i Norden AB (publ)
The company’s strategy is to own, manage and develop community service properties throughout the Nordic region and rental apartments in growth regions in Sweden. Through the company's commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the company an attractive long-term partner. At the beginning of 2018, SBB was named the winner of the Real Estate Company of the Year Award for 2017. The company’s series B shares (short name SBB B) and D shares (short name SBB D) are listed on Nasdaq Stockholm, Large Cap. The company’s preference shares (SBB PREF) are listed on Nasdaq First North Premier Growth Market. Certified Adviser is Erik Penser Bank (contact: certifiedadviser@penser.se / +46 84638300). More information about the company is available at www.sbbnorden.se.