Fleming Properties approved for listing on Spotlight Stock Market
Spotlight has today, 10 October 2019, approved Fleming Properties AB (publ) ("Fleming Properties" or "the Company") for listing on Spotlight Stock Market. First day of trading is planned to commence on 14 October 2019, under the ticker symbol "FLMNG".
Fleming Properties is a newly established real estate company which owns SOK's headquarter in central Helsinki. The office block is located in Vallila, one of the strongest office locations in Helsinki, adjacent to Nordea, OP, Telia, General Electric, Securitas and Unilever flagship offices and only minutes from Helsinki's Central Business District. SOK, the central organisation of S Group, anchors the asset with almost 90% of total area which comprises of approximately 41,000 square metres of lettable area and 500 parking spaces.
Fleming Properties targets to distributes annual dividends of EUR 0.7 per share, equivalent to a dividend yield of 7.0 per cent based on the equity issue price of EUR 10 per share. Dividends will be distributed quarterly with first dividend expected during first half of 2020.
Fleming Properties is managed by Pareto Business Management and the Company's CEO is Robin Englén.
Pareto Securities acted as Sole Bookrunner for the equity and has been the Company's advisor in the structuring and listing process.
First day of trading: 14 October 2019
Equity issue price: EUR 10 per share
Number of shares: 5 950 000
Liquidity provider: Pareto Securities AB
The company description will be published on Spotlight Stock Market's and the Company's website.
Stockholm 10 October 2019
For further information, please contact:
Robin Englén, CEO
Phone: +46 8 402 5384
E-mail: [email protected]