Stabilization notice
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE’S REPUBLIC OF CHINA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE SEE “IMPORTANT INFORMATION” AT THE END OF THE PRESS RELEASE
DNB Markets, part of DNB Bank ASA, Sweden Branch (”DNB”), acting as stabilization manager, notifies that stabilization measures have been undertaken in Sveafastigheter AB:s (publ) (”Sveafastigheter” or the ”Company”) shares on Nasdaq First North Premier Growth Market Stockholm (”First North Premier”).
As announced on October 18, 2024 in connection with the offering of existing shares in the Company and the admission to trading of the Company’s shares on First North Premier (the “Offering”), DNB is acting as stabilization manager (the “Stabilization Manager”) and may perform transactions which will result in the share price being sustained at a higher level than would otherwise be the case in the open market during 30 calendar days from and including October 18, 2024. Such stabilization transactions may be carried out on First North Premier, in the over-the-counter market or otherwise, at any time during the period starting on the date of commencement of trading in the Company’s shares on First North Premier and ending not later than 30 calendar days thereafter.
The Stabilization Manager has no obligation to undertake any stabilization measures and there is no assurance that stabilization measures will be undertaken. Under no circumstances will transactions be conducted at a price higher than SEK 39.5.
The stabilization may further be discontinued at any time without prior notice and must be discontinued not later than within the aforementioned 30-day period. By the end of the seventh trading day after stabilization transactions have been executed, the Stabilization Manager must disclose the date when stabilization commenced, the date when stabilization was last carried out, and the price range within which stabilization was conducted for each of the dates on which stabilization transactions occurred.
DNB has, in its capacity as Stabilization Manager, notified that stabilization measures have been undertaken, in accordance with Article 5(4) in the EU Market Abuse Regulation 596/2014 and the Commissions delegated regulation (EU) 2016/1052, as specified below.
The contact person at DNB is Per Löfgren (phone: +46 (0)72 223 37 14).
Stabilization information | |
Issuer | Sveafastigheter AB (publ) |
Securities | Aktier, ISIN SE0022243812 |
Offering size | 88,000,000 shares (whereof 11,478,260 shares relate to the overallotment option) |
Offering price | SEK 39.5 per share |
Ticker | SVEAF |
Stabilization Manager | DNB Markets, part of DNB Bank ASA, Sweden Branch |
Stabilization measures | ||||||
Date | Number of shares | Highest price | Lowest price | Volume weighted average price | Currency | Trading venue |
10/18/2024 | 2,864,925 | 39.5000 | 37.8000 | 39.1618 | SEK | Nasdaq First North Premier Growth Market |
10/21/2024 | 334,300 | 39.4000 | 38.8300 | 39.1304 | SEK | Nasdaq First North Premier Growth Market |
10/22/2024 | 293,000 | 38.7000 | 38.2000 | 38.4958 | SEK | Nasdaq First North Premier Growth Market |
10/23/2024 | 305,800 | 38.1000 | 37.9500 | 38.0292 | SEK | Nasdaq First North Premier Growth Market |
For further information, please contact:
Kristel Eismann, Head of Treasury and IR, ir@sveafastigheter.se, +46 (0)76 132 34 54
Erik Hävermark, CEO
Martina Lous-Christensen, CFO
https://corporate.sveafastigheter.se/
About Sveafastigheter
Sveafastigheter manages and develops people's homes. The property portfolio consists of a wide range of rental apartments in growth regions in Sweden. The buildings are managed and developed with a local presence and commitment. Sveafastigheter develops and builds new sustainable housing where the demand for housing is the greatest. The Company’s Certified Adviser is FNCA Sweden AB.
Important information
This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by the Company in any jurisdiction where such offer or sale would be unlawful.
The offering of the securities referred to in this announcement has been made by means of a prospectus. This announcement is not a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (together with any related implementing and delegated regulations, the “Prospectus Regulation”). Investors should not invest in any securities referred to in this announcement except on the basis of information contained in the aforementioned prospectus.
In any EEA Member State other than Sweden, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation.
This document and the information contained herein are not for distribution in or into the United States of America. This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States.
In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, qualified investors (as defined in the Prospectus Regulation as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018) and who are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). This communication must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.
This announcement may include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements may be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “plans”, “projects”, “anticipates”, “expects”, “intends”, “may”, “will” or “should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect Sveafastigheter’s current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to Sveafastigheter’s business, results of operations, financial position, liquidity, prospects, growth and strategies. Forward-looking statements speak only as of the date they are made.