Samhallsbyggnadsbolaget I Norden AB

11/18/2021 | Press release | Distributed by Public on 11/18/2021 14:10

SBB has resolved on a directed issue of 7,259,471 Class B common shares at a subscription price of SEK 70 per share

Published: 2021-11-18 21:10:00 CET

Samhällsbyggnadsbolaget i Norden AB
Other information disclosed according to the rules of the Exchange

SBB has resolved on a directed issue of 7,259,471 Class B common shares at a subscription price of SEK 70 per share

The Board of Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB" or the "Company") has, based on the authorization granted by the Annual General Meeting held on 5 May 2021, resolved on a directed issue of 7,259,471 new Class B common shares to Gösta Welandson and related parties as well as Wallenstam AB. The subscription price amounts to SEK 70 per Class B common share, which corresponds to a premium of approximately 3.95 percent compared with the closing price for the Class B common share on Nasdaq Stockholm on 18 November 2021.

The new share issue is carried out to, in a time- and cost-effective manner, raise capital and further strengthen the shareholder base with strategic shareholders. The Board considers it favorable for the Company and the shareholders to strengthen the shareholder base and take advantage of the opportunity to raise new capital from strong and reputable investors on attractive terms and in a time- and cost-effective manner. Overall, the Board considers that the new share issue, which due to the above deviates from the shareholders' preferential rights, contributes to creating value for all the Company's shareholders.

"SBB is very happy that both Gösta Welandson and Wallenstam AB choose to invest in SBB when we continue to build Europe's leading property developer within social infrastructure. Both parties possess a deep industry knowledge and are strategically important shareholders" saysIlija Batljan, CEO and founder of SBB.

The directed share issue entails an increase of the number of shares in SBB by 7,259,471 and an increase in the share capital by SEK 725,947.10. This entails an increase in the number of shares from 1,620,712,819 to 1,627,972,290 and an increase in the share capital from SEK 162,071,281.90 to SEK 162,797,229.00, corresponding to a dilution of approximately 0.45 percent of the outstanding number of shares and approximately 0.21 percent of the outstanding number of votes in the Company.

For further information, please contact:

Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, [email protected]

The information was submitted for publication, through the agency of the contact person set out above on 18 November 2021, at 21:10 CET.

Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region's leading property company in social infrastructure. The Company's strategy is to long term own and manage social infrastructure properties in the Nordics and rentregulated residential properties in Sweden, and to actively work with property development. Through SBB's commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company's series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap. Further information about SBB is available at www.sbbnorden.se.


Attachments:
11180992.pdf

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