Hembla applies for delisting from Nasdaq Stockholm
The board of directors of Hembla AB (publ) (“Hembla”) has resolved to apply for delisting of the Hembla-shares from Nasdaq Stockholm. The last day of trading in the shares on Nasdaq Stockholm will be notified when Hembla has been informed thereof by Nasdaq Stockholm.
On 7 November 2019, Vonovia SE, through its indirectly wholly-owned subsidiary HomeStar InvestCo AB (“Vonovia”), announced a mandatory cash offer (the “Offer”) to Hembla’s shareholders to transfer the remaining shares in Hembla to Vonovia. On 10 December 2019, Vonovia announced that Vonovia will, upon settlement, hold 6,136,989 A-shares and 81,282,426 B-shares in Hembla, corresponding to approximately 95.3 percent of the total voting rights and approximately 94.1 percent of the share capital in Hembla.
Following the press release in December, Vonovia has requested that Hembla’s board of directors applies for the delisting of the company’s shares from Nasdaq Stockholm. Vonovia has also requested a compulsory acquisition of the remaining shares pursuant to Chapter 22 of the Swedish Companies Act (2005:551).
Based on the above, the board of directors of Hembla has decided to apply for delisting of Hembla’s shares from Nasdaq Stockholm. Such an application has today been made to Nasdaq Stockholm. The last day of trading in the shares will be announced as soon as Hembla has been informed thereof by Nasdaq Stockholm.
Stockholm on 18 December 2019
Hembla AB (publ)
The board of directors
For further information, please contact
Jenny Wärmé, Head of Legal & Corporate Affairs, tfn +46 708 43 12 18
The information was released for publication on 18 December 2019 at 19.00 (CET).
About Hembla
Hembla is a property company focusing on residential properties in the Greater Stockholm region and other growth areas. The company’s business concept is to own property portfolios slated for a gradual renovation of apartments in conjunction with the natural turnover of tenants. This can take place quickly and cost-efficiently thanks to extensive experience from the company's renovation method which, among other things, means that no evacuation needs to take place. In addition to this, the company creates value through the development of building rights in existing portfolios. The market value of the company’s properties amounted to SEK 33,508 million on 30 September 2019. The total rental value amounted to SEK 1,967 million annually on 30 September 2019. The economic occupancy rate is high – vacancies are virtually non-existent. Hembla is listed on Nasdaq Stockholm.