On 15 November 2019, Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) announced a recommended public offer to the shareholders of Hemfosa Fastigheter AB (publ) (“Hemfosa”) (the “Offer”). On 23 December 2019, SBB announced that the Offer was declared unconditional and that the acceptance period was extended. On 17 January 2020, SBB announced that the acceptance period was extended further. The extended acceptance period ended 29 January 2020. Today, SBB declares that the Offer has been accepted to such an extent that SBB following the Offer controls approximately 93.5 percent of all outstanding shares and approximately 93.8 percent of the votes in Hemfosa.
After the end of the extended acceptance period on 15 January 2020, SBB controlled 157,544,453 common shares and 9,654,227 preference shares in Hemfosa in total (corresponding to approximately 92.6 percent of the outstanding shares and approximately 92.9 percent of the votes in Hemfosa). During the additional extension of the acceptance period, 1,422,816 common shares and 119,313 preference shares have been tendered in the Offer (corresponding to approximately 0.9 percent of the outstanding shares and approximately 0.8 percent of the votes in Hemfosa). As of today, SBB thus controls 158,967,269 common shares and 9,773,540 preference shares in Hemfosa (corresponding to approximately 93.5 percent of the outstanding shares and approximately 93.8 percent of the votes in Hemfosa). SBB may acquire additional shares in Hemfosa in the market.
Settlement for shares tendered during the extended acceptance period, but after 15 January 2020, is expected to commence on or around 5 February 2020. SBB has decided not to extend the acceptance period any further.
SBB has initiated a compulsory acquisition procedure under the Swedish Companies Act to acquire all shares not tendered in the Offer. In addition, Hemfosa has, on request of SBB, applied for de-listing of Hemfosa’s shares from Nasdaq Stockholm. The last day of trading in Hemfosa’s shares on Nasdaq Stockholm is today, 31 January 2020.
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 January 31, 2020, at 14:00 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.