Self Storage Group ASA: Acquisition of Eurobox Minilager AS completed
Oslo, 1 July 2019. Reference is made to announcement of 25 June 2019 relating to the acquisition of Eurobox Minilager AS (the management company of Eurobox in Norway) and the associated property companies Cron Gruppen AS, Cron Invest AS and Eurobox Billingstad AS (collectively referred to as "Eurobox" and the "Eurobox Acquisition").
As set out in the above-mentioned announcement, the Eurobox transaction was planned to close in two tranches, where the first closing will entail all target companies other than Eurobox Billingstad AS.
Self Storage Group ASA ("SSG") announces today that the first closing was successfully completed on 1 July 2019. The closing of the acquisition of Eurobox Billingstad AS will take place at a later time, following completion of a statutory demerger of the relevant real property into that legal entity.
As part of the closing, SSG has resolved to issue 3,896,103 consideration shares to the seller, First Risk Capital AS. Following registration of the consideration shares, SSGs share capital will be NOK 8,261,722.60 divided into 82,617,226 shares, each with a value of NOK 0.10.
For additional information, please contact:
Cecilie Brænd Hekneby, CFO, +47 99 29 38 26
About Self Storage Group|www.selfstoragegroup.no
Self Storage Group ASA engages in the business of renting out self-storage units to both private individuals and businesses through the two concepts; OK Minilager and City Self-Storage. The company is one of the leading self-storage providers in Scandinavia with a particularly strong position in the Norwegian market. Self Storage Group ASA operates 102 sites across Scandinavia with a total lettable area of more than 117 500 m2 as of 31 March 2019.