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Aros Bostad takes possession of another project in the ALM-portfolio

Regulatorisk information
Aros Bostadsutveckling AB (”Aros Bostad”) takes possession of another project in the property portfolio for which binding agreement was signed with ALM Equity on 15 August 2022.

As communicated in the press release 31 October 2022, Aros Bostad has previously taken immediate possession of 23 out of the 34 projects in the property portfolio for which binding agreement was signed with ALM Equity on 15 August 2022. In the same press release it was communicated that access to the remaining projects will take place when the prerequisites for the agreements are fulfilled. Since the prerequisites has been fulfilled, Aros Bostad has now taken possession of another project, Persikan, with an expected 112 units of building rights on Södermalm in Stockholm. The detailed development plan has become legally binding, and the project company has entered a development agreement with Stockholm municipality regarding a part of the property Södermalm 11:23, which has not yet been taken possession of.

Payment is conducted mainly through a share issue with payment by set-off consisting of 583,333 common shares to a price of SEK 60 per share, plus 425,630 convertible shares which can be converted to common shares during year 2024 at latest. The issues have been resolved by the board with the authorisation left by the annual general meeting on 1 June 2023. The convertible shares have a price of SEK 60 per common share.

Through the set-off issue, and utilisation of convertibles, the capital stock increases with SEK 20,179.26 from SEK 1,127,211.34 to SEK 1,147,390.6. The total amount of shares increases with 1,008,963, from 56,360,567 to 57,369,530 shares. The calculated dilution effect for existing shareholders is ca 1.8 percent.

The Certified Adviser for Nasdaq First North Growth Market is Erik Penser Bank. Financial information in English at https://arosbostad.se/investerare/in-english/

About Aros Bostad
Founded in 2006, Aros Bostad develops thoroughly planned residential housing, with healthy materials and timeless designs. The geographical market is primarily focused to the greater Stockholm area, Uppsala and the Mälardalen region. With a long-term perspective and responsibility for the entire value chain, Aros Bostad creates a safe deal for home buyers as well as stable returns for the investors. As per 31 March 2023, the company has 63 residential development projects in different stages of development corresponding to ca 6,500 units. Aros Bostad is listed on Nasdaq First North Growth Market and the Certified Adviser is Erik Penser Bank. Financial information is to be found at www.arosbostad.se/investerare

For more information, please contact:
Magnus Andersson, CEO, e-mail: magnus.andersson@arosbostad.se, phone: +46 73 410 12 43
Anna Åkerlund, Head of Communications & IR, e-mail: anna.akerlund@arosbostad.se, phone: +46 70 778 28 97
Certified Adviser, e-mail: certifiedadviser@penser.se, phone: +46 8 463 83 00

 

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