Annehem publishes the preliminary outcome of the rights issue
The subscription period in the rights issue of shares of Class A shares and Class B shares in Annehem Fastigheter AB (publ) ("Annehem" or the "Company") ended on 29 February 2024. The preliminary outcome shows that the rights issue has been fully subscribed. As a result of the rights issue, Annehem will receive proceeds amounting to SEK approximately 300 million, before issue costs.
THIS PRESS RELEASE MAY NOT BE MADE PUBLIC, PUBLISHED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH ACTIONS, WHOLLY OR IN PART, WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO BUY SECURITIES IN ANNEHEM FASTIGHETER AB (PUBL). SEE ALSO THE SECTION "IMPORTANT INFORMATION" BELOW IN THIS DOCUMENT.
The preliminary outcome indicates that 3,431,995 Class A shares and 25,546,523 Class B shares, corresponding to approximately 98.2 per cent of the offered shares in the rights issue, have been subscribed for by exercise of subscription rights. The remaining Class B shares that were not subscribed for with subscription rights will be allocated to those who have applied for subscription of shares without subscription rights in accordance with the principles described in the prospectus. Allotment of shares not subscribed for with subscription rights will only be made to those who have subscribed for shares with secondary preferential right. The interest in the rights issue has been high and subscriptions corresponding to 29,927,879 Class B shares with secondary preferential right or without subscription rights have been received, corresponding to approximately 101.5 per cent of the offered shares in the rights issue. In aggregate, the preliminary outcome thereby indicates that subscription interest corresponding to approximately 199.7 per cent of the rights issue has been expressed. The rights issue is thus fully subscribed and the guarantee commitments will not need to be utilised.
As a result of the rights issue, Annehem will receive proceeds amounting to approximately SEK 300 million, before issue costs. Through the rights issue, Annehem's share capital will increase by SEK 249,999.99, from SEK 500,000 to SEK 749,999.99 and the total number of shares in Annehem will increase by 29,496,273, of which 3,431,995 Class A shares and 26,064,278 Class B shares. After the rights issue, the number of shares in Annehem will amount to 88,488,821, of which 10,295,986 Class A shares and 78,192,835 Class B shares.
As a confirmation of the allotment of new shares subscribed for without subscription rights, a contract note will be sent to subscribers on or around 5 March 2024. Subscribed and allotted shares must be paid for in cash in accordance with the instructions in the contract note. Nominee-registered shareholders will receive notice of allotment in accordance with the procedures of the nominee. Notification will only be sent to those that have been allotted shares.
The final outcome of the rights issue is expected to be announced on 5 March 2024. The last day of trading with paid subscribed shares (Sw. betalda tecknade aktier - BTA) is on 7 March 2024. First day of trading on Nasdaq Stockholm for new shares of Class B shares which have been subscribed for by exercise of subscription rights is expected to be on 13 March 2024. First day of trading on Nasdaq Stockholm for new Class B shares which have been subscribed for without subscription rights is expected to be on 18 March 2024.
Advisors
Handelsbanken Capital Markets is acting as financial advisors to Annehem. Advokatfirman Vinge is acting as legal advisor to Annehem.
For further information, please contact:
Monica Fallenius, CEO, Annehem, [email protected]
This information is information that Annehem Fastigheter AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 16:00 CET on 1 March 2024.
This is Annehem
Annehem Fastigheter is a growth-driven property company specializing in commercial, community service and residential properties in the Nordic growth regions of Stockholm, Skåne, Gothenburg and Helsinki. The property portfolio in Annehem Fastigheter consists of 26 investment properties with a value of SEK 4,412.7 million and a lettable area of 202 thousand sqm as of 31 December 2023. The Company's Class B share is listed on Nasdaq Stockholm since December 2020 with the ticker ANNE B and have a Nasdaq Green Designation since May 2022.
IMPORTANT INFORMATION
Publication, release, or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where the press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in Annehem Fastigheter AB (publ) in any jurisdiction, either from Annehem Fastigheter AB (publ) or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 (the "Prospectus Regulation") and has not been approved by any regulatory authority in any jurisdiction. A prospectus has been prepared by the Company, reviewed and approved by the Swedish Financial Supervisory Authority and published on the Company's website.
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 ("Securities Act") and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Forward-looking statements
This press release contains forward-looking statements related to the Company's intentions, estimates or expectations with regard to the Company's future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as "believes", "expects", "anticipates", "intends", "estimates", "will", "may", "implies", "should", "could" and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Nasdaq Stockholm Rulebook.
Potential investors should not put undue trust in the forward-looking statements herein, and potential investors are strongly recommended to read the sections in the prospectus that include a more detailed description of the factors that can affect the Company's business and its associated market.
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