Printer Friendly

KlA[pilcrow sign]vern announces request for compulsory redemption of all remaining shares in Tobin Properties.

NORDIC BUSINESS REPORT-June 6, 2019-KlA[pilcrow sign]vern announces request for compulsory redemption of all remaining shares in Tobin Properties

(C)2019 M2 COMMUNICATIONS http://www.m2.com

Real estate company Klovern AB (STO:KLOVA) announced on Wednesday that since it has become the holder of more than nine-tenths of all shares in Tobin Properties, it has decided to request compulsory redemption of all remaining shares in accordance with the Swedish Companies Act.

This comes after Klovern announced on 27 May 2019 that the company, through its indirectly wholly-owned subsidiary Dagon Sverige AB, had subscribed for shares in Tobin Properties AB through a share issue with pre-emption rights for existing shareholders.

After registration of the share issue, Klovern's ownership, through Dagon, amounts to approximately 92.4% of the share capital and approximately 93.0% of the votes in Tobin Properties, corresponding to 114,285,545 ordinary shares and 18,378 class A preference shares.

Also, Klovern has requested that the board of directors of Tobin Properties, as soon as possible, applies for delisting of Tobin Properties' ordinary shares and preference shares from Nasdaq First North.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2019 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Nordic Business Report
Date:Jun 6, 2019
Words:196
Previous Article:Saab utilises AGM's authorisation to repurchase own series B shares.
Next Article:Beijer Alma subsidiary acquires KTT Tekniikka in Finland.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters