NP3 Fastigheter: NP3 completes a directed issue of 3.1 million preference shares, raising proceeds of SEK 90 million

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The Board of Directors of NP3 Fastigheter AB (publ) ("NP3" or the "Company") has, based on the authorisation granted by the Annual General Meeting on 2 May 2019, resolved on a directed issue of 3,100,000 preference shares at a price of SEK 29 per share (the "Share Issue"). The Company will thereby receive proceeds of SEK 89,900,000 before transaction costs. The price in the Share Issue has been determined through a so-called accelerated book building process led by Swedbank AB (publ) and corresponds to a discount of 5.0 percent in relation to the volume weighted average price during the last 10 trading days up to and including 8 June 2020. The Share Issue was directed to Swedish and international institutional investors. In order to facilitate the settlement of the Share Issue, the new preference shares were initially subscribed by Swedbank AB (publ) at an amount corresponding to the nominal value of the shares. In connection with payment from the investors in the Share Issue on or around 11 June 2020, the Company will receive the remaining amount, i.e. the difference between the nominal value and the price in the Share Issue. In connection with the Share Issue, the Company has undertaken towards Swedbank AB (publ), with customary exceptions, not to issue additional shares for a period of 90 calendar days after the settlement date of the Share Issue on or around 11 June 2020.

The purpose of the Share Issue is to adapt the Company's capital need to create additional financial capacity in order to be able to quickly take advantage of acquisition opportunities and thereby create shareholder value. The reason for deviating from the pre-emptive rights of existing shareholders is to diversify the shareholder base and at the same time implement the capital raising in a time- and cost-effective manner.

As a result of the Share Issue, the total number of shares in NP3 will increase from 79,188,946 shares to 82,288,946 shares divided on 54,338,946 ordinary shares and 27,950,000 preference shares. The Company's share capital increases from SEK 277,161,311 to SEK 288,011,311. The Share Issue entails a dilution of approximately 3.8 percent and 0.5 percent in relation to the total number of shares and votes in the Company, respectively, after the Share Issue. The new preference shares carry the same right to dividend as existing preference shares and will be encompassed by the dividend proposal to be addressed at NP3's Annual General Meeting on 15 June 2020. On account thereof, an adjusted dividend proposal will be published on the company's website, www.np3fastigheter.se.

In connection with the Share Issue, Swedbank AB (publ) in cooperation with Kepler Cheuvreux was appointed as Sole Global Coordinator and Bookrunner and Hannes Snellman Attorneys Ltd as legal advisor.