20 november 2020 17:35
Post-stabilisation period announcement
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, HONGKONG, CANADA, JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES.
Swedbank AB (publ) (”Swedbank”) announces that the stabilisation period in the Offentliga Hus i Norden AB (publ) (below ”Offentliga Hus” or the ”Company”) share now has ended. No further stabilisation measures will be undertaken.
As was announced on 12 October 2020, Swedbank AB (publ) (“Swedbank”) is acting stabilisation manager in the Offentliga Hus share, from the first day of trading on Nasdaq Stockholm First North Premier Growth Market (23 October 2020) and for no longer than 30 calendar days thereafter.
Swedbank has during this period held a mandate to, to the extent the bank assesses appropriate, conduct stabilisation measures equal to no more than 15% of the base offering size, with the purposed to retain a higher share price of the stock than had otherwise been in the market. Such transactions have been possible to conduct at a price level at or below the price in the offering (SEK 13.4/share).
Stabilisation measures have been possible on Nasdaq First North Premier Growth Market at any time during the period starting on the first day of trading (23 October 2020) and ending no later than 30 calendar days thereafter (the “stabilisation period”), meaning the final day for stabilisation was 20 November 2020. The stabilisation has thereby now ended, and no further stabilisation measures will be undertaken.
Below follows an overview of the stabilisation measures – involving a total of 16 791 045 shares – that Swedbank has undertaking during the stabilisation period, in accordance with Article 5.4 of the Market Abuse Regulation (EU/596/2014). The stabilisation measures were made possible through an overallotment of shares in the offering, borrowed from the Company’s main owner Nordact AB (publ). All shares that have been bought back will now be returned. Besides the below, no other stabilisation measure has been undertaken. Contact person in Swedbank is Karin Tyche, phone: +46 72 237 88 71.
|Issuer:||Offentliga Hus i Norden AB (publ)|
|Security:||Common shares (ISIN: SE0014829644)|
|Size of base offering:||111,940,300 shares|
|Offering price:||SEK 13.4|
|Market:||Nasdaq Stockholm First North Premier Growth Market|
|Stabilisation manager:||Swedbank AB (publ)|
|Date||Quantity (no of shares)||Highest price (SEK)||Lowest price (SEK)||Volume weighted average price (SEK)||Currency||Trading venue|
|2020-10-23||10,506,169||13.4||12.9||13.29||SEK||First North Premier|
|2020-10-26||4,210,867||13.4||12.83||13.04||SEK||First North Premier|
|2020-10-27||2,074,009||13.4||12.36||12.94||SEK||First North Premier|
The information was released for publication at 17:35 CET on 20 November 2020.
This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by Offentliga Hus i Norden AB (publ) (the “Company”) in any jurisdiction where such offer or sale would be unlawful.
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 securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and accordingly may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any offering in the United States or to conduct an offering of securities in the United States.
The offering of the securities referred to in this announcement has been made by means of a prospectus which has been provided by the Company and which contain detailed information about the Company. This announcement constitutes an advertisement and not a prospectus for the purposes of Regulation (EU) 2017/1129 (together with any applicable implementing measures in any Member State, 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 that has implemented the Prospectus Regulation (each, a “Relevant Member State” (including, for the avoidance of doubt, the United Kingdom during the Brexit transition period)), this communication is only addressed to and is only directed at qualified investors in that Relevant Member State within the meaning of article 2(1)(e) of the Prospectus Regulation, that is, only to investors who can receive the offer without an approved prospectus in such Relevant Member State.
This communication is only being distributed to and is only directed at (a) persons who are located outside the United Kingdom, or (b) persons who are located in the United Kingdom that either (i) have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), or (ii) are high net worth entities or 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.