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Sveafastigheter was listed on Nasdaq First North Premier Growth Market on October 18, 2024

On 24 September 2024 Sveafastigheter, one of Sweden’s largest purely focused residential real estate company with a focus on actively owning, managing and developing properties across growing regions in Sweden, announced its intention to list the company’s shares on Nasdaq First North Premier Growth Market.

On 18 October 2024, the offering price was announced, and trading of the shares commenced on the same day.

This listing strengthens Sveafastigheter as an independent company and enables an even greater focus on the vision to become Sweden’s best residential real estate company.

Erik Hävermark,
CEO of Sveafastigheter:

”This is an important milestone for Sveafastigheter in line with our vision to become Sweden’s best residential real estate company. The listing opens new opportunities for us to accelerate our organic growth and realize the full potential of our property and new construction portfolio. I am very proud of what our team has accomplished so far. We welcome over five thousand new shareholders, who have shown strong confidence in our business concept and long-term ambitions, and we look forward to continuing our growth in a listed environment.”

Expected timeline

October 8, 2024
-
October 16, 2024

Application period for the general public in Sweden

October 8, 2024
-
October 17, 2024

Application period for qualified investors

October 18, 2024

Announcement of the Offering Price

October 18, 2024

Expected first day of trading in the Company’s shares

October 22, 2024

Settlement date

sveafastigheter-kristel-people

Kristel Eismann

Head of Treasury and IR

FAQ

The Selling Shareholder is SBB i Norden AB, Reg. No. 559053-5174, with registered office in Stockholm and office address Newsec Property Asset Management AB Box 11405, SE-404 29 Göteborg, Sweden. SBB i Norden AB is a Swedish limited liability company, formed and incorporated in Sweden and in accordance with Swedish law. Operations are conducted in accordance with Swedish law. The Company’s form of association is governed by the Swedish Companies Act (2005:551). The Company’s LEI code is 549300IDXCK67VMBRX06.

Shareholders in SBB as of the record date September 27, 2024 will have priority to acquire shares in the Offering, subject to restrictions that may arise from applicable securities laws. Shareholders in SBB who wish to benefit from the priority afforded to SBB shareholders must apply for shares through the SBB Priority Tranche in accordance with the instructions set out in the section “Application“ in the prospectus. SBB shareholders may, as applicable, also apply for shares in the offering to the general public in Sweden or the offering to institutional investors in Sweden and abroad, but will not as SBB shareholders receive any priority through such applications. The size of the SBB Priority Tranche will be determined by SBB in consultation with the Joint Global Coordinators following the end of the Offering period. For further information about allotment in the SBB Priority Tranche, see section “Terms and conditions – Allotment – The SBB Priority Tranche”.

More information on how you as a shareholder in SBB can participate in the Offer can be found in the Application section of the prospectus published on this website..

If you as a shareholder in SBB do not choose to participate in the offer, it will have no consequences in relation to your shareholding in SBB.

For more information on how to participate in the Offer, please refer to the Application section of the prospectus published on this website

The offering is directed only to the general public in Sweden, and to qualified investors in Sweden and internationally.

The Offering and the listing will expand the Company’s shareholder base and enable Sveafastigheter to access the Swedish and international capital markets, which will support the Company’s continued growth and development. Additionally, Sveafastigheter believes that the Offering will enable the Company to access more attractive financing on a stand-alone basis. The Board of Directors and Executive Management of Sveafastigheter, supported by the Selling Shareholder, consider the Offering and listing of the Company’s shares to be a logical and important step in Sveafastigheter’s development, which will also increase the awareness of Sveafastigheter and its operations among current and potential customers and suppliers. For these reasons, the Board of Directors has applied for listing on Nasdaq First North Premier Growth Market.

The Company’s overarching goal is to create long-term value for its shareholders. This is achieved by reinvesting in the business to drive further growth and economies of scale through investments in properties and new construction. As a result, there will be no dividend for 2024 and the dividend will be low or none in the upcoming years.

More information on the Offer can be found in the prospectus published on this website.

The outcome of the Offering is expected to be announced in a press release that will be available on Sveafastigheter’s website (www.sveafastigheter.se) on or about October 18, 2024.

The expected timeline can be found on this website under the Key dates section.

Sveafastigheter will be traded under the ticker SVEAF.