Nyfosa offers to repurchase warrants issued during 2019

The Board of Directors in Nyfosa has resolved to make an offer to repurchase the remaining warrants issued under the company’s warrant program 2019/2023 (“LTIP 2019”) (the “Warrants”), to the holders of warrants.

The Annual General Meeting 2019 resolved to adopt a long-term warrant program for employees in Nyfosa (LTIP 2019). The purpose of the warrant program was to promote a share price development which exceeds the real estate index (CREX). The Warrants have a positive market value as today’s share price (closing price) exceeds the subscription price at exercise set according to the terms (implying that the share price development of Nyfosa has outperformed the real estate index during the measurement period). The Warrants may be exercised for subscription of shares during a two weeks period following the publication of the company’s year-end report and the company’s interim report for the first quarter of 2023, respectively. The number of outstanding Warrants in the program amounts to 240,000.

The Board of Directors has resolved that the company shall make an offer to repurchase the Warrants at market terms for a cash remuneration of SEK 27.10 per Warrant, which is based on the market value of the Warrants as of today (based on the closing price), February 16, 2023. If all holders of Warrants were to fully accept the offer, the consideration payable under the offer would amount to approximately MSEK 6.5. The offer can be accepted from 07.00 a.m. to 9.00 a.m. on February 17, 2023, and participation in the offer is conditional upon that the participants invest all of the proceeds from the repurchase, net after taxes, in Nyfosa shares. The offer does not entail a change of the terms for the Warrants or LTIP 2019. A corresponding repurchase offer was made and announced in September 2022 before the first subscription period in the same incentive program.