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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


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.

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Publication:Nordic Business Report
Date:Jun 6, 2019
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