7 November 2018
Regulatory press release

Publication of prospectus for Nyfosa AB

Hemfosa’s subsidiary, Nyfosa AB (“Nyfosa”), has prepared a prospectus with respect to the admission to trading of Nyfosa’s shares on Nasdaq Stockholm. The first day of trading is expected to be November 23, 2018.

Prospectus 

The prospectus has been approved and registered by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and is available on Hemfosa’s website, www.hemfosa.se, and Nyfosa’s website, www.nyfosa.se.  

Objectives, financial risk limitations and dividend policy 

As set out in the prospectus, Nyfosa’s objectives, financial risk limitations and dividend policy are established as follows.

General objective

  • Generate long-term high and stable return with a focus on growth.

Growth and profitability targets

  • Average annual growth in earnings and the property portfolio of at least 20 percent up to a total property value of SEK 25 billion (excluding shares in joint ventures).
  • At least 15 percent return on equity over time, before paid tax.

Financial risk limitations 

  •  Long term, the equity/assets ratio is to amount to at least 25 percent.
  •  The loan-to-value ratio should not exceed 65 percent.
  •  The interest-coverage ratio should not fall below a multiple of two.

 Dividend policy 

  •  Profits generated will primarily be reinvested to leverage business opportunities and achieve the growth target of a total property value of SEK 25 billion, after which a significant portion of the profit will be distributed to the shareholders in the form of dividend, redemption and/or repurchase of shares.

Timetable for distribution and listing of Nyfosa AB on Nasdaq Stockholm  

November 19, 2018    Final date for trading in Hemfosa’s ordinary share with the right to distribution of shares in Nyfosa

November 20, 2018    Hemfosa’s ordinary shares are traded excluding the right to distribution of shares in Nyfosa

November 21, 2018    Record date for receiving shares in Nyfosa

November 23, 2018    Expected first day of trading in Nyfosa’s shares on Nasdaq Stockholm

For further information, please contact:

Bengt Kjell, Chairman of the Board of Hemfosa and Nyfosa, mobile +46 70 594 53 98

Caroline Arehult, CEO Hemfosa, mobile +46 70 553 80 26, [email protected]

For questions regarding Nyfosa:  

Jens Engwall, CEO Nyfosa, mobile +46 70 690 65 50, [email protected]

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