Balder completes a directed issue of 3 million Class B

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News Desk 2018

Sep 20, 2016 at 2:45 AM

Balder completes a directed issue of 3 million Class B ordinary shares, raising proceeds of approximately SEK 690 million

NOT FOR DISTRIBUTION OR RELEASED, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION, IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. Fastighets AB Balder (publ) (“Balder”) has, based on the authorization granted by Balder’s Annual General Meeting on 10 May 2016, resolved to carry out a direct share issue of 3,00,633 Class B ordinary shares at a subscription price of SEK 230 per share (the “Issue”). Through the Issue, Balder will receive proceeds amounting to approximately SEK 690 million. The subscription price in the Issue has been determined through a so-called “accelerated book-building” procedure led by Carnegie Investment Bank. Subscribers in the Issue are a wide range of Swedish and international institutional investors. The reason for deviation from the shareholders' preferential rights is to diversify the shareholder base and at the same time raise capital in a time efficient manner, in immediate connection with the announcement of the acquisition of all the properties in the I.A Hedin Fastighet AB group. The Issue result in a dilution of approximately 1.7 per cent in relation to the number of existing ordinary shares in in Balder through an increase in the number of outstanding shares to 175,397,485 (divided into 11,229,432 Class A shares and 164,168,053 Class B shares). Through the set-off issue in connection with the closing of the acquisition of all the properties in the I.A Hedin Fastighet AB group, which is planned to occur on 30 November 2016, the number of Class B ordinary shares will increase with 4,602,515 and hereafter together with the Class B shares from the Issue amount to 168,770,568 and the total number of ordinary shares outstanding will amount to 180,000,000. In addition, Balder has 10,000,000 preference shares outstanding. In order to facilitate the delivery of shares to the investors in the Issue, Erik Selin Fastigheter AB will lend 3,000,633 Class B shares to Carnegie Investment Bank AB. The shares will be returned after the Issue has been registered with the Swedish Companies Registration Office. For further information, please contact: CEO Erik Selin, +46 706 074 790 or CFO Marcus Hansson, +46 768 369 848 This information is information that Fastighets AB Balder (publ) 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 08:30 am CET on September 20, 2016. Important information This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Fastighets AB Balder (publ) in any jurisdiction, neither of Fastighets AB Balder (publ), Carnegie Investment Bank AB (publ) or any other party. Copies of this announcement are not being made and may not be distributed or sent into the United States, Australia, Canada, Japan or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. The recipient of this press release is responsible for using the information in this press release in accordance with the applicable law in each jurisdiction. In any member state within the European Economic Area (“EEA”), that has implemented Directive 2003/71/EC as amended (together with any applicable implementing measures in any member State, the “Prospectus Directive”), this communication is only addressed to and is only directed to investors in that EEA member state who fulfill the criteria for exemption from the obligation to publish a prospectus, including qualified investors, within the meaning of the Prospectus Directive as implemented in each such EEA member state. This announcement and the information contained herein are not for distribution in or into the United States. This announcement 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 will be no public offering of the securities described herein in the United States. This announcement and any other materials in relation to the securities described herein are only directed to (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth companies, and other persons to whom it may be lawfully communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as “relevant persons”). The securities described herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire the securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on information contained herein. Fastighets AB Balder is a listed real estate company which shall meet the needs of different customer groups for premises and housing through local support. Balder's real estate portfolio had a value of SEK 77.5 billion as of 30 June 2016. The Balder share is listed on NASDAQ Stockholm, Large Cap segment.

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