The Board of Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB” or “the Company”) has, with the support of the issue authorization from the Extraordinary General Meeting on November 5, 2018, decided on a directed new issue of 9,193,549 D-shares at a price of 31.00 SEK per share (the “New Share Issue”), which means that the Company will receive gross proceeds of approximately SEK 285m. The subscription price represents a discount of approximately 1.3 percent. compared to the closing price of SEK 31.4 for the D-share on Nasdaq First North Premier on March 27, 2019, the last trading day before the New Share Issue. The subscription price has been established through at arms’ length negotiations. In conjunction with the New Share Issue, SBB has also bought back NOK 254m preference shares in Barcode.
Meteva AS has subscribed for 4,838,710 D-shares, M2 Asset Management has subscribed for 1,612,903 D-shares and Klövern AB has subscribed for 2,741,936 D-shares in the New Share Issue. SBB believes that the New Share Issue creates the best conditions for quickly and efficiently obtaining working capital and thereby increasing flexibility in relation to the Company’s equity. The New Share Issue, in conjunction with previous new share issues, contribute to SBB nearing an investment grade rating.
After the registration of the New Share Issue, the total number of shares in the Company will amount to 811,108,737, of which 209,977,491 are A-shares, 546,071,540 are B-shares, 54,884,455 are D-shares and 175,251 are preference shares. The New Share Issue entails a dilution of approximately 1,13 percent of the total number of shares in the Company and 0,34 percent of the total number of votes in the Company.
Arctic Securities have acted as financial advisors and Wistrand Advokatbyrå has acted as legal advisors.
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 March 28, 2019, at 17:00 CET.