US/UK/Canada

Share

Quotes

In addition to the fact that Turbinhallen includes a school and restaurant that will generate long-term revenues for the housing cooperative, the tenants will also enjoy extremely affordable and unique homes. In designing the space-efficient units, we’ve retained the industrial feeling of the buildings at the same time as we’ve added modern facilities such as a fantastic indoor spa and gym
Mattias Roos, President & CEO of SSM
The Tube offers residents access to quality, affordable and space-efficient homes close to public transportation and extensive recreational areas.
Mattias Roos, President & CEO of SSM
Susanne Blomberg, Marketing Director.
It is gratifying that young Stockholmers would choose to save for or amortize mortgage loans, especially over short-term investments such as shopping and buying a car, if they were able to save on their housing costs. At SSM, we know that most young people value their leisure time and interests more than living in a large apartment. This is precisely why we are so focused on developing cost- and space-efficient apartments for this specific target group.
Casper has a broad and solid financial background. His previous experience from expansions, acquisitions, IPO processes and listed company environments will add the experience needed for the company’s finance and accounting function. SSM is introducing the new position to complement and support the current finance function as well as to secure SSM’s capacity to deliver on the company’s future plans.
Mattias Roos, CEO of SSM
SSM operates in an interesting market and has an exciting offering. I look forward to having the opportunity to participate in the company’s growth journey and planned IPO.
asper Tamm.
Pick a time period -
Tags ( Active)

January 7, 2021 last day of trading of SSM’s shares

On October 14, 2020 Amasten published a public offer to the shareholders of SSM to sell all their shares in SSM (the “Offer”). After the end of the acceptance period on December 7, 2020, Amasten announced that the Offer had been accepted to such an extent that Amasten controled a total 57,390,538 shares in SSM, correspondingto approximately 97.5 percent of the total number of shares and votes in SSM. At the same time, the offer was declared unconditional. In light of the above, Amasten has called for compulsory redemption of the remaining shares in SSM, in accordance with the Swedish

Report from Extraordinary General Meeting of SSM

By request of the majority owner Amasten Fastighets AB (publ), the shareholders of SSM Holding AB (Org.no. 556533-3902) held an Extraordinary General Meeting on January 4, 2021. A total of 97.5 percent of the total number of shares and votes in the company were represented at the meeting.The Extraordinary General Meeting passed resolutions in accordance with the proposals in the notice to attend the meeting. The meeting resolved that the Board of Directors shall consist of four (4) members for the period until the end of the next Annual General Meeting. Furthermore, the meeting

Nasdaq Stockholm approves SSM’s application for delisting of SSM’s shares

On December 17, 2020, SSM Holding AB (”SSM”) announced through a press release that SSM’s board of directors has applied for delisting of SSM’s shares from Nasdaq Stockholm. On December 18, 2020, Nasdaq Stockholm has approved such application for delisting and has decided that the last day of trading of SSM’s shares will be January 7, 2021.  For more information, please contact:Ann-Charlotte JohanssonEVP Communications & IREmail: ann-charlotte.johansson@ssmliving.sePhone: +46 761 65 17 71  About SSM Holding ABSSM produces smart, affordable homes with attractive shared

SSM applies for delisting from Nasdaq Stockholm

Amasten Fastighets AB (“Amasten”), which controls 97.5 percent of the shares and votes in SSM Holding AB (“SSM”), has called for compulsory redemption (Sw. tvångsinlösen) of the remaining shares in SSM, and has requested that SSM’s board of directors apply for a delisting of SSM’s shares from Nasdaq Stockholm.On October 14, 2020 Amasten published a public offer to the shareholders of SSM to sell all their shares in SSM (the “Offer”). After the end of the acceptance period on December 7, 2020, Amasten announced that the Offer had been accepted to such an extent that Amasten controled a total

Information regarding change of control in respect of bonds issued by SSM and redemption

On December 15, 2020 Amasten Fastighets AB (publ) (“Amasten”) completed the public tender offer to the shareholders in SSM and acquired 97.5 per cent of the shares and votes in SSM. Amasten’s acquisition of the shares in SSM is deemed a change of control pursuant to the terms and conditions of SSM’s outstanding bonds. As previously announced, SSM intends to fully redeem its outstanding bonds on January 8, 2021. Consequently, the bonds will not be listed with Nasdaq First North as previously announced.On December 8, 2020 SSM exercised its right to a voluntary total redemption of the

Notice to attend EGM in SSM Holding AB

By request of Amasten Fastighets AB (”Amasten”), which after the completion of its public offer to all shareholders in SSM Holding AB (”SSM” or the ”Company”), owns approximately 97.5 percent of the total number of shares and votes in SSM, the shareholders of SSM are hereby invited to attend an extraordinary general meeting to be held on Monday on January 4, 2021. Due to the current pandemic, the meeting will be carried out only through postal voting pursuant to temporary legislation. It will not be possible for shareholders to attend the general meeting in person, by proxy or digitally.

SSM announces the redemption of the company’s outstanding bonds

SSM Holding AB (“SSM”) has resolved to redeem all of the company’s outstanding bonds corresponding to 225.0 MSEK in full that mature in May 2022 (ISIN SE0008040893) (the “Bonds”) pursuant to the terms and conditions of the Bonds.SSM has informed the agent Nordic Trustee & Agency AB (publ) that the company is exercising its right to a voluntary total redemption of the Bonds, in accordance with clause 11.3 (Early voluntary redemption by the Issuer (call option)) of the terms and conditions of the Bonds to a price per Bond equal to 100.0 per cent of the nominal amount together with accrued but

SSM to buy back Järla Station and Metronomen projects from JV partner

SSM will buy back the Järla Station and Metronomen joint venture projects from Partners Group. The transaction will be carried out during Q2 2021 at the latest and is expected to have a -23.4 MSEK impact on SSM’s cash flow. A reporting-related impact of -16.8 MSEK is expected to be charged to Q4 2020.In Q3 2017, SSM entered into a financial joint venture agreement with Partners Group, acting on behalf of its clients, for the Järla Station, Metronomen and Tellus Towers projects. The partnership was initiated to secure financing to run the project and it was based on an implementation period

Statement by the independent bid committee in SSM in relation to the public offer from Amasten

The independent board members in SSM unanimously recommend the shareholders in SSM to accept the public offer from Amasten. The independent board members consider that the benefits of accepting the offer outweigh the fact that the offer is not fully deemed to reflect the company’s long-term value potential. This Statement (the ”Statement”) is made by the independent board members of SSM Holding AB (the “Committee”) (“SSM” or the “Company”) in accordance with clause II.19 of Nasdaq Stockholm’s Takeover Rules (the “Takeover Rules”). The Offer On October 14, 2020, Amasten Fastighets

Stronger results and financial position

Summary of July – September 2020 · Net sales totaled 32.0 (140.5) MSEK. · Adjusting operating profit was 10.5 MSEK (-26.4). The West Side Solna and Metronomen co-op projects contributed 23.3 MSEK to profits for the quarter. · Cash flow from operating activities was -35.2 MSEK (-31.1). The West Side Solna project contributed 24.0 MSEK, production of the Platform West project had a negative impact of -20.9 MSEK. · West Side Solna cooperative apartment project sold out, buyers took possession of all 252 homes by the end of the quarter. · SSM acquired all shares in the half-

SSM moves forward publication of interim report for Q3 2020

The Board of Directors of SSM has resolved to move the publication date for the company’s interim report for Q3 2020 forward from November 19 to November 12, 2020. The reason for the change in publication date is due to the fact that Amasten Fastighets AB made a public offer to the shareholders of SSM Holding AB on October 14, 2020. In accordance with the information published in the press release from the bidding company, the offer period is expected to begin on or around November 9, 2020. The Board of Directors’ intention is to provide SSM’s shareholders and the stock market as a

SSM obtains the bondholders’ approval of amendment to the terms of the company’s outstanding bonds

At the request of SSM Holding AB (“SSM”), the agent summoned to a meeting with the company’s bondholders by way of a procedure in writing to resolve on amending the terms and conditions of SSM’s outstanding bonds. The procedure has now expired and SSM has obtained the bondholders’ approval of amending the terms and conditions. Reference is made to the press release dated October 9, 2020 regarding a summon to SSM’s procedure in writing (the “Written Procedure”) in order to resolve on amending the terms and conditions of SSM’s outstanding bonds (the “Terms and Conditions”) of maximum 700.0

SSM has received a public offer from Amasten

Amasten Fastighets AB (publ) (”Amasten”) has today announced a public offer to the shareholders in SSM Holding AB (publ) (”SSM”). The offer includes the tendering of all outstanding shares in SSM for a consideration of 1.20 new ordinary shares in Amasten for each existing share in SSM, corresponding to6 new ordinary shares in Amasten for 5 existing shares in SSM (the “Offer”).The Offer in summary · Amasten offers 1.20 new ordinary shares in Amasten for each existing share in SSM,corresponding to 6 new ordinary shares in Amasten for 5 existing shares in SSM. · The Offer values

SSM summons to a meeting with bondholders through a procedure in writing

At the request of SSM Holding AB (“SSM”), the agent has today summoned a meeting with the company’s bondholders by way of a procedure in writing to resolve on amending the terms and conditions of SSM’s outstanding bonds. The purpose of the amendment is to enable SSM to list the bonds with Nasdaq First North.At the request of SSM, the agent has today summoned a meeting with the company’s bondholders (the “Holders”) through a procedure in writing (the “Written Procedure”) to resolve on amending the terms and conditions of SSM’s outstanding bonds of a maximum of MSEK 700.0 (of which MSEK 300.0

Design of Tellus Towers impacted by changes in plans for developing Telefonplan

The design of SSM’s Tellus Towers joint venture project at Stockholm’s Telefonplan will change as a result of a Stockholm City Planning Board decision regarding the development of central Telefonplan. As a result, 1,500 homes that were originally planned in the area will be reduced to about 1,000 and the two Tellus Towers skyscrapers will be replaced with a group of high-rise buildings. The intention is to create a greater variation of homes and a neighborhood that better blends in with Stockholm’s existing skyline. The decision is not expected to impact SSM’s results for Q3 or the full year

Positive results and stronger financial position

Summary of April – June 2020 · Net sales increased to 54.6 (20.4) MSEK, of which 33.5 MSEK derived from the Täby Turf rental project. · Net operating profit totaled 3.0 MSEK (-26.3). The West Side Solna and Metronomen co-op projects contributed 13.3 MSEK. · Cash flow from operating activities amounted to -79.3 MSEK (-34.3). The production start of the Platform West co-op project had a -75.8 MSEK impact on cash flow and the sale of half of the Älvsjö Quarters rental project had a positive impact of 33.0 MSEK. · Production started at Platform West co-op project (109 units) in

West Side Solna co-op apartment project with 252 space-efficient homes and an Urban Score of 100 points sold out

SSM’s West Side Solna cooperative apartment project, which includes 252 homes, 90 percent of which are one and two-room units, is now sold out. The attractive project located on the border between Solna and Sundbyberg (Stockholm) has an Urban Score of 100 points when it comes to mobility, community, well-being and everyday services. Between Q3 2019 and the end of Q2 2020, 238 homebuyers took possession of their  apartments and the rest are expected to move in during Q3 2020.On an attractive property where Solna meets Sundbyberg (Stockholm), SSM has developed and produced the West Side Solna

SSM acquires all shares in half-owned JV company Studentbacken including ca 280 building rights in Bromma, Sollentuna and Täby

SSM Holding AB, Sweden’s leading residential developer within smart, affordable homes, has acquired all of the shares in the half-owned joint venture company Studentbacken that SSM has run together with Student Hill since 2013. The acquisition also includes about 280 building rights in three projects currently being developed within the joint venture: Kandidaten, The Loft and Tentafabriken. The purchase price amounts to ca 2.0 MSEK and the transaction will be carried out in July 2020.Today, SSM has acquired all of the shares in the half-owned joint venture company Studentbacken.Since 2013,

SSM starts production of Platform West co-op project featuring 109 homes in Roslags-Näsby

SSM Holding AB, Sweden’s leading developer of smart and affordable homes, has begun production at its Platform West cooperative apartment project. The project, which is attractively located beside the Roslags-Näsby light rail station, features 109 homes, most of which are space-efficient one and two-room units with balconies or patios. A large number of the units have already been sold through pre-purchase agreements and homebuyers are expected to start moving in toward the end of 2021.Today, SSM is starting production of its Platform West cooperative apartment project. Platform West

Report from Annual General Meeting of SSM Holding AB (publ)

The shareholders of SSM Holding AB (publ) gathered in Stockholm, Sweden on Thursday, May 14, 2020 for the company’s Annual General Meeting.SSM’s Annual General Meeting approved the income statements and the balance sheets for the company and the Group and granted discharge from liability for the members of SSM’s Board of Directors and CEO for the 2019 financial year. The meeting also resolved to allocate the results in accordance with the proposal of the Board of Directors in SSM’s 2019 Annual Report. In accordance with the proposal of the Nomination Committee (i) Anders Janson, Bo

Positive cash flow and strong financial position

Summary of January – March 2020 · Net sales for projects run entirely by SSM increased to 48.9 MSEK (15.4), of which 35.8 MSEK was revenue recognized from the Täby Turf rental project. · Net operating profit improved and totaled 0.8 MSEK (-12.4). The West Side Solna and Metronomen cooperative apartment projects had a 6.6 MSEK and 6.4 MSEK impact on results respectively. · Cash flow from operating activities amounted to 13.7 MSEK ( 32.0), of which the divestment of Bromma Square in Q4 2019 contributed 42.9 MSEK during Q1 2020. · Agreement to sell half of the shares in the

SSM adapts organization

In 2019, SSM Holding AB (publ), Sweden’s leading developer of smart, affordable homes, adopted a new business plan focused on rental projects and selected cooperative apartment projects. As a result of the company's ongoing conversion to focus mainly on rental projects, SSM intends to reduce the number of employees working within sales and marketing. This is expected to contribute annual cost savings of 6.5 MSEK. Restructuring costs of 3.3 MSEK are expected to impact results for Q2 2020. In addition, SSM intends to introduce what are known as short-term work programme for parts of its staff

SSM and Täby municipality agree on the return of 134 building rights

SSM Holding AB (publ) has decided to return the Täby Topasen 4 property to the municipality of Täby for commercial reasons. The property was originally intended to house 134 cooperative apartments within the framework of SSM’s Täby Market project. The municipality will repay down payment corresponding to approximately 8.7 MSEK to SSM during the second quarter 2020. In 2018, SSM signed a land transfer agreement with the municipality of Täby regarding the Täby Hästen 2  property (today Täby Topasen 4) with the intention of developing housing in the area. SSM then developed the Täby

There are no items matching the current filter
There are no more items matching the current filter
Back to top