Self Storage Group ASA: Notifiable trades for primary insiders
Fabian Søbak, CEO of Self Storage Group ASA (the “Company”), has on March 24th 2022, sold 1,000,000 shares in Self Storage Group ASA through Fabian Holding AS, a company controlled by Fabian Søbak, at an average share price of NOK 32.00. Following this transaction, Fabian Holding AS will own 8,565,000 shares in Self Storage Group ASA, representing approximately 9.05% of the issued shares in the Company.
In addition, Gustav Søbak, board member in Self Storage Group ASA, has on March 24th 2022, sold 1,000,000 shares in Self Storage Group ASA through GSS Invest AS, a company controlled by Gustav Søbak, at an average share price of NOK 32.00. Following this transaction, GGS Invest AS will own 5,565,000 shares in in Self Storage Group ASA, representing approximately 5.88% of the issued shares in the Company.
The proceeds from the transactions are planned to be used to pay wealth taxes for the coming years, as required by Norwegian tax rules.
The buyer of the shares is Centerbridge Partners Europe LLP. The Buyer is today the Company's largest shareholder and is closely related to primary insider in Self Storage Group ASA, Steven J Skaar. Following this transaction, Centerbridge Partners Europe LLP will own 27,206,078 shares in in Self Storage Group ASA, representing approximately 28.73% of the issued shares in the Company.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
For additional information, please contact:
Cecilie Brænd Hekneby, CFO, +47 992 93 826 / cehe@selfstoragegroup.no
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 operates 128 facilities across Scandinavia with a current lettable area of 171 800 square meters as of Q4 2021.