Exercise of overallotment option in relation to B shares in D. Carnegie & Co
D. Carnegie & Co AB (publ) (”D. Carnegie & Co” or the ”Company”) hereby announces that ABG Sundal Collier Norge ASA has exercised the overallotment option, whereby 2,307,692 new B-shares, with a total subscription value of approximately MSEK 90, have been issued.
As previously communicated, the overallotment option was granted in connection with the Company’s offering of B shares to the general public and institutional investors in Sweden and certain institutional investors outside Sweden, which was announced by way of a press release on 26 March 2014 (the “Offering”).
As previously announced, ABG Sundal Collier Norge ASA could, in conjunction with the Offering, engage in transactions to stabilise or maintain the share price at levels that might otherwise not prevail on the market. Such stabilisation measures could be undertaken from the first day of trading of the Company’s shares on NASDAQ OMX First North until 30 calendar days thereafter. This period has now elapsed. No such stabilising measures have been undertaken.
About D. Carnegie & Co
D. Carnegie & Co is a real estate company focusing on residential properties within the Stockholm region and other growth areas. The Company’s business concept is to own and manage its real estate portfolio and to gradually refurbish apartments in connection with the natural turnover of tenants. This can take place quickly and cost-efficiently due to the Company's established refurbishment method, BosystemTM. The refurbishment model is popular with both tenants and the Swedish Union of Tenants (Sw. Hyresgästsföreningen) as the apartments are attractively refurbished without any tenants being forced to vacate the premises against their will.
At the beginning of 2014, Stendörren transferred its residential properties to D. Carnegie & Co and thereby became the owner of a real estate portfolio consists of residential properties in Stockholm’s growth areas (Sw. miljonprogram). As of 31 December 2013, the market value amounted to SEK 2,929 million and the total rental value was estimated to amount to SEK 287 million per year. The financial leasing rate is high and none of the properties are vacant. D. Carnegie & Co’s real estate portfolio may be divided into six geographic areas: Bromsten, Spånga, Kista, Flemingsberg, Vårberg as well as properties and building rights in Solna and Tyresö.
The shares in D. Carnegie & Co are admitted to trading on NASDAQ OMX First North under the symbol “DCAR”.
For further information, please contact:
Ulf Nilsson, CEO, D. Carnegie & Co AB +46 (0)8 121 317 00
Knut Pousette, Chairman of the Board of Directors, D. Carnegie & Co AB +46 (0)8 121 317 00
Further information is available on www.dcarnegie.se
Important information
The Offering is not intended for people whose participation requires that additional prospectuses be drawn up or registered or that any other action be taken beyond what is required under Swedish law. The Prospectus will not be distributed and may not be published or in any other way distributed or sent to anyone in a country where this would require that such additional measures be taken or where this would breach laws or regulations in the respective country. The shares that are subject to the Offering have not and will not be registered under the United States Securities Act of 1933 in its current wording ("Securities Act"), or in accordance with corresponding laws in Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or another country besides Sweden and may not be offered, transferred or sold, directly or indirectly, in the United States of America, Australia, Hong Kong, Japan, Canada, New Zealand, South Africa or a country where additional measures in the form of registration are required, or to persons domiciled there.