Extraordinary General Meeting in Victoria Park
Victoria Park AB (publ) held an Extraordinary General Meeting (“EGM”) on 19 June 2019 in Malmö.
Resolution on number of board members
The EGM resolved that the Board of Directors shall consist of five board members. Anders Pettersson and Fabian Heß chose to leave the Board of Directors which means that the Board of Directors will consist of Rolf Buch, Helene von Roeder, Peter Hohlbein, Jens Nagel and Peter Strand.
Resolution on redemption of preference shares and on transfer of funds to the statutory reserve
The EGM resolved on a reduction of the share capital of SEK 113,525.17, in accordance with the redemption clause in the articles of association § 5.4, for repayment to the shareholders by redeeming all 1,032,047 preference shares in the company.
In accordance with the articles of association § 5.4.3 the redemption price for every redeemed share shall amount to 120 per cent of the original subscription price at the first issuing of preference shares, which corresponds to SEK 300. The total redemption amount will be SEK 309,614,100, whereof SEK 309,500,574.83 will be repaid from the company’s freely distributable reserves and SEK 113,525.17 will be repaid from the company’s share capital. When the preference shares are redeemed SEK 113,525.17 will be transferred from freely distributable reserves to the company’s statutory reserve.
Due to the EGM’s resolution Victoria Park intends to apply for a de-listing of the company’s preference shares from Nasdaq Stockholm with proposed last day of trading 4 July 2019.
The record date for the redemption of preference shares is 8 July 2019 and the redemption price is expected to be made on 11 July 2019. The last day for trading in preference shares including a right to the redemption price will be 4 July 2019. The last payment of dividend of SEK five (5) will be made on 3 July 2019.
The application for delisting is likely to result in Victoria Park’s preference shares being given observation status on Nasdaq Stockholm.
For further information, please contact
CEO Per Ekelund, Tel +46 (0)70 867 66 57, per.ekelund@victoriapark.se
CFO Tommy Åstrand, Tel +46 (0)70 545 59 97, tommy.astrand@victoriapark.se
Victoria Park AB (publ) is a listed property company, which, through long-term management and social responsibility for more attractive living, creates value in an expanding property portfolio in growth cities in Sweden. On 31 March 2019, Victoria Park's property portfolio amounted to 1,128,000 square metres, comprising 14,300 flats, with a market value of SEK 18.8 Bn. Victoria Park´s preference shares are listed for trading on the Nasdaq Stockholm Mid Cap exchange.
Victoria Park AB (publ) Box 2, SE-201 20 Malmö, Sweden, Tel +46 (0)40 16 74 40, Corporate Reg. No. 556695-0738, Head Office Malmö, www.victoriapark.se/english