The Board of Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB” or the “Company”) has, based on the authorization granted by the Annual General Meeting held on 5 May 2021, resolved on a directed issue of 7,259,471 new Class B common shares to Gösta Welandson and related parties as well as Wallenstam AB. The subscription price amounts to SEK 70 per Class B common share, which corresponds to a premium of approximately 3.95 percent compared with the closing price for the Class B common share on Nasdaq Stockholm on 18 November 2021.
The new share issue is carried out to, in a time- and cost-effective manner, raise capital and further strengthen the shareholder base with strategic shareholders. The Board considers it favorable for the Company and the shareholders to strengthen the shareholder base and take advantage of the opportunity to raise new capital from strong and reputable investors on attractive terms and in a time- and cost-effective manner. Overall, the Board considers that the new share issue, which due to the above deviates from the shareholders’ preferential rights, contributes to creating value for all the Company’s shareholders.
“SBB is very happy that both Gösta Welandson and Wallenstam AB choose to invest in SBB when we continue to build Europe’s leading property developer within social infrastructure. Both parties possess a deep industry knowledge and are strategically important shareholders” says Ilija Batljan, CEO and founder of SBB.
The directed share issue entails an increase of the number of shares in SBB by 7,259,471 and an increase in the share capital by SEK 725,947.10. This entails an increase in the number of shares from 1,620,712,819 to 1,627,972,290 and an increase in the share capital from SEK 162,071,281.90 to SEK 162,797,229.00, corresponding to a dilution of approximately 0.45 percent of the outstanding number of shares and approximately 0.21 percent of the outstanding number of votes in the Company.
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, [email protected]
The information was submitted for publication, through the agency of the contact person set out above on 18 November 2021, at 21:10 CET.