On 23 February 2021, an Extraordinary General Meeting in Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB” or the “Company”) resolved on the redemption of all preference shares in the Company in accordance with a redemption clause in the articles of association. The record date for the redemption was set to 23 April 2021.
SBB has thereafter applied for a de-listing of the preference shares with a proposed last day of trading on 21 April 2021. SBB has now been informed that Nasdaq has approved the Company’s application for de-listing and decided that the last day of trading in SBB’s preference shares on Nasdaq First North Premier Growth Market will be 21 April 2021.
The redemption procedure in brief:
- In accordance with the articles of association and the decision resolved by the Extraordinary General Meeting held on 23 February 2021, the redemption proceeds for each redeemed preference share will be SEK 650. The redemption proceeds will total SEK 19,963,450.
- The record date for the redemption is 23 April 2021. Shareholders who wish to divest preference shares should note that the last day of trading is 21 April 2021. Please note that the redemption of shares may have other tax effects than a sale of shares for certain shareholders.
- The redemption procedure is carried out automatically, meaning that the preference shareholders do not need to take any action.
- Payment of the redemption amount of SEK 650 per preference share is expected to take place on 28 April 2021. Payment will be made to the bank account linked to each preference shareholder’s securities account. For shareholders who have their preference shares registered with a bank or other nominee, payment will be made according to each respective nominee’s routines.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, [email protected]
The information was sent for publication, through the agency of the contact person set out above, on 19 March 2021 at 16:05 (CET).