11/05/21 NP3 completes a directed preference share issue, raising proceeds of SEK 222 million

This press release may not be made public, published or distributed, directly or indirectly, within or to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa or any other jurisdiction where such action would be unlawful or subject to legal restrictions.

The board of directors of NP3 Fastigheter AB (publ) ('NP3' or the 'Company') has, based on the authorisation granted by the annual general meeting on 4 May 2021, resolved on a directed issue of 7,050,000 new preference shares at a subscription price of SEK 31.50 per share (the 'Share issue'). The subscription price has been determined through an accelerated book building procedure and corresponds to a discount of 4.5 percent to the closing share price on 11 May 2021. Upon settlement of the Share issue, NP3 will receive gross proceeds of approximately SEK 222 million.

The Share issue was directed to Swedish and international professional and institutional investors. NP3 intends to use the proceeds from the Share issue to strengthen the financial readiness for future business opportunities and to finance previously communicated property acquisitions. The reason for deviating from the pre-emptive rights of existing shareholders was to complete a fund raise in a time and cost efficient manner, as well as to diversify the Company's shareholder base.The Company's largest shareholder Poularde AB, in which company the board members Lars Göran Bäckvall and Mia Bäckvall Juhlin have ownership interests, has submitted interest and, after a resolution by the board, received allocation pursuant to the same principles that were applied for allocation to the other professional and institutional investors in the Share issue.

To facilitate completion of the Share issue, ABG Sundal Collier AB, in its capacity as settlement agent for the Share issue, has subscribed for the new preference shares for an amount corresponding to the shares' quotient value. Upon settlement of the Share issue, on or about 17 May 2021, the Company will receive the remaining amount, in other words the difference between the subscription price in the Share issue and the quotient value.

Due to the admission to trading of the newly issued preference shares on Nasdaq Stockholm, NP3 will publish a listing prospectus on or about 12 May 2021, which will be communicated in a separate press release.

The Share issue entails that the number of shares in NP3 will increase from 82,288,946 to 89,338,946 shares, distributed over 54,338,946 common shares and 35,000,000 preference shares. The Company's share capital will increase from SEK 288,011,311 to SEK 312,686,311. The Share issue entails a dilution for existing shareholders of 7.9 percent based on the number of shares in NP3 after the Share issue and 1.2 percent based on the number of votes in NP3 after the Share issue. The new preference shares carry the same right to dividend as existing preference shares.

Advisors

ABG Sundal Collier AB and Swedbank AB (publ) are Joint Bookrunners in connection with the Share issue. Hannes Snellman Attorneys Ltd is legal advisor to the Company in connection with the Share issue.

For further information, please contact:

Andreas Wahlén, CEO
e-mail: [email protected]
Phone: +46 70 31 31 798

This information is information that NP3 Fastigheter AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 22.10 CEST, 11 May 2021.

Important information

This press release does not constitute an offer to, or an invitation to, acquire or subscribe for any securities in NP3 Fastigheter AB (publ) in any jurisdiction, neither from NP3 Fastigheter AB (publ), ABG Sundal Collier AB, Swedbank AB (publ) or anyone else. Copies of this press release will not be produced and may not be distributed or sent to the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa or any other jurisdiction where such distribution would be illegal or require registration or other action. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction.

This press release is not a prospectus for the purposes of Regulation (EU) 2017/1129 as of June 14, 2017 (the 'Prospectus Regulation') and has not been approved by any regulatory authority in any jurisdiction. NP3 Fastigheter AB (publ) has not authorized and is not making any offer to the public of shares or other securities in any member state of the EEA and no offering prospectus has been or will be prepared in connection with the placement of the newly issued shares mentioned herein. In any EEA member state, this communication is only addressed to and is directed at 'qualified investors' in that member state within the meaning of the Prospectus Regulation.

This press release and the information contained in the press release may not be distributed in or to the United States. This press release does not constitute an offer to acquire securities in the United States. Securities referred to herein have not been registered and will not be registered in accordance with the US Securities Act of 1933 (the 'Securities Act'), and may not be offered or sold in the United States without being registered, being subject to an exception from, or referring to a transaction that is not subject to registration under the Securities Act. No offer will be made to the public in the United States to acquire the securities mentioned here.

About NP3

NP3 is a cash flow oriented real estate company focusing on commercial and high yielding investment properties, mainly in northern Sweden. As of 31 March 2021 the property portfolio comprised 1,442,000 square metres lettable area distributed over 391 real estate properties within the retail, industrial/logistics, offices and special real estate properties segments. The property portfolio is divided in seven land areas: Sundsvall, Gävle, Dalarna, Östersund, Umeå, Luleå and mid-Sweden. The property value as of 31 March 2021 amounted to SEK 13,021m. The NP3 share is listed on Nasdaq Stockholm, mid cap. NP3 was founded in 2010 and is based in Sundsvall. Read more on www.np3fastigehter.se.

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