Balder’s issue of preference shares fully subscribed
| Source:Fastighets AB Balder
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The application period for Fastighets AB Balder (publ)’s (”Balder”) preference
share issue has expired and the issue of approx. SEK 1,152 million has been
fully subscribed. There has been considerable interest in subscription of
Balder’s preference shares both from the general public in Sweden and from
Balder’s CEO Erik Selin: ”There has been considerable interest in the preference
shares from Balder’s existing shareholders, the general public in Sweden and
institutional investors. We are continuously evaluating good investment
opportunities and the proceeds from the preference share issue will contribute
towards our growth strategy.”
On 20 September 2013 Balder announced that its Board of Directors had resolved,
based on the authorisation from the Annual General Meeting, to make a new issue
of preference shares directed to the general public in Sweden and institutional
investors. The offering comprised up to 3,500,000 preference shares at a
subscription price of SEK 329 per preference share. The total proceeds from
Balder’s issue amounts to approx. SEK 1,152 million, before issue costs. In the
offering, approximately 2,000 investors were allocated preference shares.
Settlement date is 11 October 2013 and estimated first day of trading on Nasdaq
OMX Stockholm will be 18 October 2013.
After the issue the total number of shares in Balder will amount to 172,396,852,
of which 10,000,000 preference shares.
For further information, please contact:
Erik Selin, CEO, +46 70 607 4790 or Marcus Hansson, CFO, +46 76 836 9848
Balder discloses the information provided herein pursuant to the Swedish
Securities Markets Act and/or the Swedish Financial Instruments Trading Act. The
information was released for publication on 8 October 2013 at 08.15 CET.
The information in this press release is not intended, directly or indirectly,
to be distributed, published or made public in Australia, Hong Kong, Japan,
Canada, Switzerland, Singapore, South Africa, the United States or any other
jurisdiction where the distribution of this press release would be illegal. The
distribution of this press release may be restricted by law in certain
jurisdictions and persons who take part of this press release or other
information set out herein should inform themselves of, and observe, any such
The information in this press release does not constitute an offer to sell
shares or solicitation of an offer to buy shares. This press release does not
constitute a prospectus under the Prospectus Directive 2003/71/EG.
The information in this press release does not constitute and is not part of an
offer or solicitation of an offer to buy or subscribe for securities in the
United States. Securities mentioned herein have not and will not be registered
in accordance with the Securities Act of 1933 (the “Securities Act”). Securities
mentioned herein may not be offered or sold in the United States unless they are
registered in accordance with the Securities Act or fall within an exemption in
the Securities Act. There will not be any public offer in the United States
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