Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB” or the ”Company”) has had an ongoing dialogue with the Council for Swedish Financial Reporting Supervision (the “Council”) and has been informed that the Council has submitted a matter to the Swedish Financial Supervisory Authority (the “SFSA”). The review by the Council was disclosed in SBB’s annual reports 2021 and 2022.
The investigation covers certain valuations of properties and acquisitions that are reported in the annual reports for the financial years 2021 and 2020, respectively, which have been audited by the Company’s auditor. The investigation relates to SBB on group level and does not cover joint ventures or EduCo. SBB has continuously had dialogue with the Council and has retained the view that SBB’s assessments of the treatment of the transactions and valuations are correct. SBB has also contacted the SFSA following the matter being submitted to the SFSA and are awaiting their response. SBB is looking forward to a positive and constructive dialogue with the SFSA.
For further information, please contact:
Helena Lindahl, Treasury director & IR, [email protected]
The information was submitted for publication, through the agency of the contact person set out above on 22 June 2023, at 12:50 CEST.
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 rent regulated 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.