On 15 November 2019, Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB” or the “Company”) announced a recommended public offer to the shareholders of Hemfosa Fastigheter AB (publ) (“Hemfosa”) (the “Offer”). SBB remind that the acceptance period in the Offer ends on 20 December 2019, and that Hemfosa shareholders that wishes to accept the Offer should do so well in advance of such date.
“Last week we welcomed that Länsförsäkringar Fastighetsfond and ICA-handlarnas Förbund choosed to support the offer. When the acceptance period now comes to an end, we are looking forward to that additional shareholders in Hemfosa will support our ambition to create the largest social infrastructure company with community service properties in the Nordics”, said Ilija Batljan, founder and CEO of SBB.
The last day to accept the Offer is 20 December 2019. In light of the upcoming Christmas holidays, and the strained position in the post service, shareholders in Hemfosa are recommended to send their acceptances well in advance of such date. How to accept the Offer is described in the offer document for the Offer, which is available on www.sbb-hemfosa.se.
Assuming that the Offer is declared unconditional no later than around 23 December 2019, settlement is expected to begin around 3 January 2020.
SBB reserves the right to extend the acceptance period for the Offer and to postpone the settlement date. If SBB, after the end of the acceptance period, declares the Offer unconditional and extends the acceptance period, elections made under the Mix & Match Facility will not be possible to cater for, due to practical reasons, with regard to acceptances received after the initial acceptance period. In practice, Hemfosa shareholders accepting the Offer under a potential extension, will thus receive the base case consideration in the Offer.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, [email protected]
The information was submitted for publication, through the agency of the contact person set out above on December 10, 2019, at 08:30 CET.
About Samhällsbyggnadsbolaget i Norden AB (publ)
The company’s strategy is to own, manage and develop community service properties throughout the Nordic region and rental apartments in growth regions in Sweden. Through the company’s commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the company an attractive long-term partner. At the beginning of 2018, SBB was named the winner of the Real Estate Company of the Year Award for 2017. The company’s series B shares (short name SBB B) and D shares (short name SBB D) are listed on Nasdaq Stockholm, Large Cap. The company’s preference shares (SBB PREF) are listed on Nasdaq First North Premier Growth Market. Certified Adviser is Erik Penser Bank (contact: [email protected] / +46 84638300). More information about the company is available at www.sbbnorden.se.