Today, 21 December 2022, it was resolved at the Extraordinary General Meeting of Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) that all SBB’s shares in the subsidiary Amasten Fastighets AB (publ) (under name change to Neobo Fastigheter AB (publ)) (the “Company”) are distributed to Class A and Class B shareholders of SBB.

The board of directors of Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB”) has resolved to determine the record date for the distribution to 28 December 2022.

Neobo is a property company with its head office in Stockholm, that long-term manages and refines residential properties throughout Sweden. The property portfolio is diversified across 40 municipalities and consists of 8,369 apartments, across 267 properties with a total property value of SEK 15.8 billion as of 30 September 2022. The total lettable area amounts to 714,000 sqm, with an annual rental value of approximately SEK 900 million.

The Company’s business concept is based on managing and refining residentials in Swedish municipalities with population growth, good employment rate and a stable rental market. Long-term growth in value and cash flow shall be achieved by being an active property owner in locations where people want to live and work. The Company shall be a long-term and reliable landlord for people in Sweden and actively work with sustainability to contribute to the good development of society.

Extraordinary General Meeting 2022

All material and information related to the Extraordinary General Meeting in December 2022 will be found on the page for the Extraordinary General Meeting. 

Indicative Timetable

Extraordinary General Meeting of SBB: 21 December 2022

Last day of trading in SBB’s B shares including the right to receive shares in Neobo: 23 December 2022

Record date for the distribution: 28 December 2022

The intention is listing of Neobo’s shares on Nasdaq Firsth North Premiere: February 2023