The Board of Hemfosa Fastigheter AB (publ) (“Hemfosa Fastigheter”) has decided to exercise the mandate granted at the Annual General Meeting 2015 to implement a private placement encompassing a total of 999,999 new preference shares to two institutional owners.
The subscription price was SEK 166.30 per preferential share, corresponding to a discount of 2.5 percent compared with the volume-weighted average price paid for the share during the ten most recent trading days ending September 25, 2015. The Board has deemed the subscription price to correspond to market terms and believes that greater institutional ownership is valuable given the contribution this makes to a more stable and long-term ownership profile. The issue will provide Hemfosa with additional equity that will improve the company’s key figures while also infusing funds for continued expansion.
The net proceeds from the issue amounts to SEK 166,299,833.70. Following the issue, the number of preference shares in Hemfosa Fastigheter will total 10,999,999. The new preference shares are expected to carry entitlement for dividends as of the record date for dividends that falls on October 9, 2015.
For further information, please contact:
Jens Engwall, CEO, [email protected], mobile +46 70 690 65 50, office +46 8 448 04 80