NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO
On
The Rights Issue in brief
- The Rights issue comprises a maximum of 37,896,965 new shares.
-
Shareholders in
John Mattson has preferential rights to subscribe for one (1) new share per one (1) existing share. -
The subscription price has been set to
SEK 33 per share which will result in a total issue proceeds of approximatelySEK 1,251 million before deduction of costs related to the Rights Issue. -
The subscription period will run from
27 November 2023 up to and including11 December 2023 . -
The purpose of the Rights Issue is to:
-
strengthen the Company's balance sheet by amortization of interest-bearing debt to an amount of approximately
SEK 1,100 million ; and -
finance value-creating investments in apartment upgrades and energy cost-saving investments in order to reduce energy consumption in the Company's properties and increase the share of sustainable energy sources at a total amount of approximately
SEK 150 million
-
strengthen the Company's balance sheet by amortization of interest-bearing debt to an amount of approximately
-
The Rights Issue is fully guaranteed through subscription undertakings and guarantee commitments from
John Mattson 's largest shareholdersAB Borudan Ett andTagehus Holding AB , which together own approximately 50.9 per cent of the number of shares and votes in the Company. Additionally, ABBorudan Ett andTagehus Holding AB have undertaken to vote in favour of the Rights Issue at the Extraordinary General Meeting. Carnegie Fonder and PriorNilsson Fonder together holding shares comprising approximately 12.2 per cent of the number of shares and votes in the Company have communicated that they are in favour of the Rights Issue and intend to support the Rights Issue.-
The Rights Issue is conditional upon approval of the Board of Directors decision by an Extraordinary General Meeting to be on held
21 November 2023 .
Terms of the Rights Issue
Those who, on the record date
Should all shares not be subscribed for by virtue of subscription rights by contemporary payment, the Board of Directors shall, within the framework of the Rights Issue's maximum amount, decide on the allocation of shares which have not been subscribed for by virtue of subscription rights. In such case, shares shall firstly be allotted to those who have also applied for subscription and subscribed for shares by virtue of subscription rights, irrespective of whether or not they were shareholders on the record date,
The Rights issue will, assuming fully subscribed, increase
The subscription price has been set to
The record date for determining who is entitled to receive subscription rights in the Rights Issue is
Trading in paid subscribed shares (BTA) regarding shares subscribed for with subscription rights will take place on Nasdaq Stockholm during the period from and including
Extraordinary General Meeting
The Extraordinary General Meeting to approve the
Subscription undertakings and guarantee commitments
Neither the subscription undertakings nor the guarantee commitments mentioned above are secured by bank guarantees, blocked funds, pledges or similar arrangements.
In addition,
Indicative timetable for the Rights Issue
Extraordinary General Meeting
Last day for trading in the Company's shares including the right to receive
subscription rights
First day of trading in the Company's shares without subscription rights
Expected date of publication of the prospectus
Record date for the right to receive subscription rights in the Rights Issue
Trading in subscription rights 27 November -
Subscription period 27 November -
Trading in paid subscribed shares (BTA) 27 November -
Preliminary outcome of the Rights Issue is announced
Final outcome of the Rights Issue is announced
Prospectus
Further information regarding the Rights Issue and the Company will be provided in the prospectus which is expected to be published on or around
Financial and legal advisors
Lidingö
John Mattson Fastighetsföretagen AB (publ)
For more information, please contact:
Per Nilsson, CEO, John Mattson
+46 8 613 35 02, per.nilsson@johnmattson.se
Per-Gunnar (P-G) Persson, Chairman of the Board, John Mattson
+46 73 411 12 22, pgpersson@anliem.se
This information is information that John Mattson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at
About John Mattson Fastighetsföretagen AB (publ)
John Mattson is a residential real estate company with 4,300 rental apartments and commercial premises in the Stockholm region; Lidingö, Sollentuna, Stockholm, Nacka and Upplands Väsby. The property value amounted to
Important information
This press release does not constitute a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of
This press release does not contain or constitute an invitation or an offer to acquire, sell, subscribe for or otherwise trade in shares, subscription rights or other securities in John Mattson. An invitation to the persons concerned to subscribe for shares in John Mattson will only be made through the prospectus that John Mattson intends to publish on the Company's website, after approval and registration by the
The publication, release or distribution of this press release may, in certain jurisdictions, be subject to legal restrictions and persons in the jurisdictions in which this press release has been published or distributed must inform themselves about and observe such legal restrictions. The recipient of this press release is responsible for using this press release and the information contained herein in accordance with the applicable rules in each jurisdiction.
This press release is not intended for persons residing in Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa, the United States or any other country or jurisdiction where the offer or sale of subscription rights, paid subscribed shares or new shares is prohibited. This press release may not be announced, published or distributed, directly or indirectly, in or into Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa, the United States or any other country or jurisdiction where such action is wholly or partly subject to legal restrictions or where such action would require additional prospectuses, registration or other measures in addition to those required by Swedish law. Nor may the information in this press release be forwarded, reproduced or displayed in a manner that contravenes such restrictions or that would require additional prospectuses, registration or other measures in addition to those required by Swedish law. Neither Handelsbanken, Carnegie nor Swedbank will engage in transactions or cause or attempt to cause the purchase or sale of any securities in or into the United States in connection with the Rights Issue. Actions in violation of the restrictions may constitute a violation of the United States Securities Act of 1933, as amended (the "Securities Act") or applicable laws in other jurisdictions. No subscription rights, paid subscribed shares or new shares have been or will be registered under the Securities Act, as amended from time to time, or applicable securities legislation in any state or other jurisdiction in the United States and no subscription rights, paid subscribed shares or new shares may, directly or indirectly, be exercised, offered, sold, resold, delivered or otherwise transferred in or into the United States, except pursuant to an applicable exemption from the registration requirements of the Securities Act and in accordance with applicable securities legislation in the relevant state or other jurisdiction in the United States. No offer to the public of subscription rights, paid subscribed shares or new shares is being made in the United States. There are no plans to register any securities mentioned in this press release in the United States or to make a public offering in the United States.
This press release is distributed and directed only to (i) persons outside the United Kingdom or (ii) investment professionals falling within the definition of "investment professionals" in Article 19(5) of the
Within the European Economic Area ("EEA"), no public offering of securities is being made in any Member State other than Sweden. In other member states of the
This press release may contain certain forward-looking statements. Words such as "intended", "assessed", "expected", "may", "plan", "believe", "estimate", "could" and other expressions that are indications or predictions of future developments or trends, and that are not based on historical facts, constitute forward-looking statements. By their nature, forward-looking statements involve known and unknown risks and uncertainties because they depend on future events and circumstances. Forward-looking statements do not guarantee future results or developments and actual results may differ materially from those expressed or implied by the forward-looking statements in this press release.
This press release has been issued by John Mattson and is the sole responsibility of the Company. No representation or warranty, express or implied, is made by or on behalf of Handelsbanken, Carnegie or Swedbank or any of the Company's, Handelsbanken's, Carnegie's or Swedbank's respective group companies or any of their respective directors, officers or employees or any other person as to the accuracy, completeness or fairness of the information contained in this press release or any other information made available to any party or its advisers.
The information, opinions and forward-looking statements contained in this press release are valid only as of this date and are subject to change without notice. The Company undertakes no obligation to publicly update or revise any forward-looking information as a result of new information, future events or similar circumstances, other than as required by applicable law.
1 Calculated as the number of newly issued shares in relation to the total number of shares after completion of the Rights Issue (assuming fully subscribed).
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