Hemfosa’s offer to subscribe for preference shares is increased
· As a result of strong demand in Hemfosa’s preference share issue, the Board of Directors of Hemfosa has resolved to increase the offer to comprise of up to 5,000,000 preference shares, corresponding to SEK 1,625m
· Subscription price and other terms in regard to the offer remain unchanged
On 20 November, 2014, Hemfosa announced an offer to subscribe for up to 3,000,000 preference shares in the company, at a subscription price of SEK 325 per preference share, with an option for the Board of Directors to increase the offer to comprise of up to 5,000,000 preference shares in total.
Due to strong demand from both institutional investors in Sweden and internationally as well as the general public in Sweden, Hemfosa’s Board of Directors has, following consultation with Swedbank, resolved to increase the offer by up to 2,000,000 additional preference shares up to 5,000,000 preference shares in total. Hereby, as a part of the offer, Hemfosa could receive total proceeds of SEK 1,625m before issue expenses.
Swedbank Corporate Finance is acting as financial advisor and Advokatfirman Cederquist as legal advisor to Hemfosa in connection to the offer.
Nacka 27 November, 2014
Hemfosa Fastigheter AB (publ)
The Board of Directors
For more information, please contact:
Bengt Kjell, Chairman of the Board, mobile: +46 705 94 5398
Jens Engwall, CEO, firstname.lastname@example.org, mobile: +46 706 90 6550, office +46 8 448 04 80
NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN USA, AUSTRALIA, CANADA, HONG KONG, JAPAN OR SOUTH AFRICA.
This constitutes information that Hemfosa Fastigheter AB (publ) may be legally obliged to publish under the Securities Market Act and/or the Financial Instruments Trading Act. The information was issued for publication on 27 November, 2014 at 8.30 a.m. CET.