The offer to subscribe for preference shares is increased

2014-11-13

Not for release, publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore or South Africa or any other jurisdiction where such action would be prohibited.

  • As a result of strong demand in the company’s preference share issue, the Board of Directors of Klövern has resolved to increase the offer to comprise of up to 12,500,000 preference shares, corresponding to SEK 1,875 million
  • Subscription price and other terms remain unchanged

On 6 November 2014 Klövern announced an offer to subscribe for preference shares totaling up to 7,000,000 preference shares, at a subscription price of SEK 150 per share, including an option for the Board of Directors to increase the offer to comprise of up to 12,500,000 preference shares (“the Offer”).

Due to strong demand, from both institutional investors and the public, Klövern’s Board of Directors has, after consultation with Nordea and Swedbank, resolved to increase the Offer by up to 5,500,000 preference shares, totaling up to 12,500,000 preference shares. By increasing the number of preference shares in the Offer, Klövern may raise up to SEK 1,875 million before issue costs.

Nordea and Swedbank are Joint Lead Managers and Joint Bookrunners, MAQS is legal advisor to Klövern and Gernandt & Danielsson is legal advisor to the Joint Lead Managers and Joint Bookrunners for the Offer.

Klövern AB (publ)
Board of Directors

For additional information:
Rutger Arnhult, VD, +46 (0)70-458 24 70, rutger.arnhult@staging-wwwklovernse.wp4.triggerfish.cloud
Lars Norrby, IR, +46 (0)76-777 38 00, lars.norrby@staging-wwwklovernse.wp4.triggerfish.cloud

Klövern is a real estate company committed to working closely with customers to offer them efficient premises in Swedish growth regions. As of September 30, 2014, the value of the properties totaled SEK 29 billion and the rental value on an annual basis was SEK 2.9 billion. Klövern is listed on Nasdaq OMX Stockholm Mid Cap. For further information, see www.staging-wwwklovernse.wp4.triggerfish.cloud.

Klövern AB (publ), Box 1024, 611 29 Nyköping. Phone: +46 155-44 33 00, Fax: +46 155-44 33 22,
E-post: info@staging-wwwklovernse.wp4.triggerfish.cloud.

This information is such that Klövern AB (publ) is obliged to disclose under the Securities Market Act and/or the Financial Instruments Trading Act. The information was made available for publication on 13 November 2014.

 

Important information
The information in this press release does not constitute an offer to acquire, subscribe, or otherwise trade in shares or other securities in Klövern. Klövern has not taken, and will not take any actions to allow a public offering in any jurisdiction other than Sweden. This press release may not be released, published, reproduced or distributed, directly or indirectly in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or any other jurisdiction where such action is not permitted or such action is wholly or partially subject to legal restrictions or where such action would require additional registrations or other actions in
addition to what follows from Swedish law. Failure to comply with this instruction may result in a violation of applicable securities laws.

No BTAs (interim shares) or securities issued by Klövern have been or will be registered under the United States Securities Act of 1933 (“Securities Act”) and may not be offered, subscribed, sold or otherwise transferred, directly or indirectly, in or into the United States except, pursuant to a written consent from Klövern and under an applicable exemption from the registration requirements under the Securities Act and in accordance with the securities legislation of any state or other jurisdiction in the United States.

Nordea and Swedbank are acting solely on behalf of Klövern in connection with the Offer and will not be responsible in relation to any other party than Klövern for providing the protection afforded to their clients or for providing advice in connection with the Offering. Nordea and/or Swedbank accept no responsibility whatsoever and make no representation or warranty, express or implied, for the contents of this announcement, including its accuracy, completeness or verification or for any other statement made or purported to be made by Nordea and/or Swedbank, or on their behalf, and nothing in this announcement is or shall be relied upon as a promise or undertaking in this respect, whether as to the past or future. Nordea and/or Swedbank accordingly disclaim to the fullest extent permitted by law all and any liability whether arising in tort, contract or otherwise which Nordea and Swedbank might otherwise have in respect of this announcement or any information provided in connection with the Offer.

This press release may contain certain forward-looking statements which reflect Klövern’s current view on future events and financial and operational development. Words such as “intend”, “expect”, “anticipate”, “may”, “plan”, “estimate” and other expressions which imply indications or predictions of future development or trends, and which are not based on historical facts, are intended to identify forward-looking statements. Forward-looking statements inherently involve both known and unknown risks and uncertainties because they depend on future events and circumstances. Forward-looking statements do not guarantee future results or development and the real outcome could differ materially from the forward-looking statements.