Press releases 29 March 2019

Wistrand has assisted SBB in the issue of new shares of approximately SEK 285 million

Samhällsbyggnadsbolaget in Norden AB (publ) (SBB) has decided on a directed new issue of 9,193,549 ordinary shares of series D at a price of SEK 31.00 per share. This gives SBB a gross liquidity of approximately SEK 285 million.

The subscription price is a result of business negotiations and entails a discount of approximately 1.3 percent compared to the closing price of SEK 31.4 for a common share of series D on Nasdaq First North Premier on March 27, 2019, the last trading day before the new issue. SBB also repurchases NOK 254 million of preference shares in Barcode.

With the new share issue, Meteva AS has subscribed for 4,838,710 D-shares, M2 Asset Management AB has subscribed for 1,612,903 D-shares and Klövern AB has signed up for 2,741,936 D-shares. The issue strengthens the Company’s equity and together with the repurchases of the preference shares in the Norwegian subsidiary and the earlier issues of D-shares contributes to SBB approaching an investment grade rating.

When the new share issue has been registered, SBB’s shares will amount to 811 108 737, of which 209 977 491 ordinary shares of series A, 546 071 540 ordinary shares of series B, 54 884 455 ordinary shares of series D and 175 251 preference shares.

For further information:
Fredrik Råsberg, Managing Partner
E: fredrik.rasberg@wistrand.se
D: +46 8 50 72 00 47
M: +46 709 50 72 47