Nyfosa intends to propose dividend in kind of shares in Torslanda Property Investment AB

Regulatory

 

The Board of Directors of Nyfosa AB intends to propose the Annual General Meeting of Nyfosa to resolve on a dividend in kind in the form of shares corresponding to 15 percent of the total number of shares in Torslanda Property Investment AB (“TPI”). Nyfosa’s joint venture Söderport Holding AB (“Söderport”) currently owns 78 percent of TPI. Söderport is owned equally by Nyfosa and AB Sagax.

 

TPI is a Swedish real estate company that owns and manages properties with a leasable area of

194,000 square meters and with a market value of SEK 3 billion. The company’s share is listed on Nasdaq First North Growth Market. The intended dividend increases the number of shareholders in TPI, which creates conditions for a more efficient trading which benefits the shareholders and supports the continued development of the company.

Nyfosa intends to revert with the Board of Directors’ final dividend proposal in connection with the announcement of Nyfosas year-end report on February 13, 2020.

Nyfosa has decided to announce its Board of Directors’ intention to propose a dividend in kind, due to Sagax’s announcement as per today that Sagax intends to propose dividend in kind of shares corresponding to 15 percent of the total number of shares in TPI to the Sagax shareholders.

For more information, please contact:

Jens Engwall, CEO, [email protected],tel: +46 706 906 550
Johan Ejerhed, Head of Finance, [email protected],tel: +46 703 939 887

The information was prior to this release inside information that Nyfosa is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact persons set out above on February 7, 2020 at 8:15 a.m. CET.