NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, CANADA, NEW ZEELAND, JAPAN, SWITZERLAND, OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES. ADDITIONAL RESTRICTIONS ARE APPLICABLE. PLEASE SEE IMPORTANT INFORMATION AT THE END OF THE ANNOUNCEMENT.
Fastpartner AB (publ) ("Fastpartner") has issued 8,500,000 common shares of series D. The price in the offer was set to SEK 84 per D-share following a book building process. The offer will result in Fastpartner receiving SEK 714 million in proceeds (before transaction costs).
The offer attracted strong interest from both institutional investors in Sweden and abroad, as well as the general public in Sweden. As a result, the upsize option was fully exercised.
Fastpartner's application for admission to trading of the D-shares on Nasdaq Stockholm has been approved and trading in the shares commences today. The ticker for the D-shares is FPAR D. Settlement is expected to be on 17 December 2019.
The issue of D-shares is a part of Fastpartner's efforts to improve its credit rating to investment grade. Fastpartner intends to use the proceeds from the offer for continued growth through acquisitions and development of projects and properties in its existing portfolio.
The rationale for deviating from the shareholders' preferential rights is to achieve a strong institutional ownership base and a wide distribution of the D-shares among the general public in Sweden in order to facilitate a regular and liquid trading in the D-shares.
The new issue results in a dilution effect for existing shareholders of 4.35 per cent in respect of the shares and 0.47 per cent in respect of the votes in the company. Fastpartner's share capital will increase by approximately SEK 28,333,333 in connection with the new issue.
Swedbank AB (publ) in cooperation with Kepler Cheuvreux is acting as Global Coordinator. Gernandt & Danielsson Advokatbyrå KB is legal adviser to the company.
Stockholm, on 13 December 2019
For further information, please contact:
Sven-Olof Johansson, CEO Fastpartner AB (publ)
Tel: 08 - 402 34 65
This information is information that Fastpartner AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:00 CET on 13 December 2019.
This announcement does not constitute an offer to sell or a solicitation of any offer to buy any securities in any jurisdiction where such offer or sale would be unlawful or require registration or any other measures.
Copies of this announcement are not being made and may not be distributed or sent into the United States, Australia, Hong Kong, Canada, New Zeeland, Japan, Switzerland or South Africa or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures.
This announcement and the information contained herein are not for distribution, directly or indirectly, in or into the United States (including its territories and provinces, any State of the United States and the District of Columbia). This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The D-shares mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended.
The D-shares may not be offered or sold in the United States. There will be no offer of securities in the United States. Furthermore, the securities described herein have not been and will not be registered under the applicable securities laws of Australia, Hong Kong, Canada, New Zeeland, Japan Switzerland or South Africa, or any other jurisdiction in which such registration would be unlawful, and, subject to certain exemptions, may not be offered or sold in or into or for the account or benefit of any person having a registered address in, or located or resident in Australia, Hong Kong, Canada, New Zeeland, Japan, Switzerland or South Africa. There will be no public offering of the securities described herein in the United States, Australia, Hong Kong, Canada, New Zeeland, Japan, Switzerland or South Africa, or any other jurisdiction in which such public offering would be unlawful or would require registration or other measures.
This announcement, together with other material pertaining to the securities described herein, is only distributed to and directed to (i) persons who are situated outside the United Kingdom; or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (iii) high net worth companies, and other persons to whom this press release may be lawfully communicated, falling within Article 49(2)(a)-(d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as "relevant persons"). The securities described herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire the securities described herein will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on information contained herein.
This announcement is distributed in any member state of the European Economic Area where the Commission Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 and thereto related Commission Delegated Regulations apply (the "Prospectus Regulation") only to those persons who are qualified investors for the purposes of the Prospectus Regulation in such member state, and such other persons as this document may be addressed on legal grounds, and no person that is not a relevant person or qualified investor may act or rely on this document or any of its contents.
Swedbank AB (publ) ("Global Coordinator") is acting exclusively for Fastpartner AB (publ) and no one else in connection with the offer and admission of the D-shares to trading, and will not regard any other person as its client in relation to the offer and will not be responsible to anyone other than Fastpartner AB (publ) for providing the protection afforded as client, nor for providing advice in relation to the offer or the contents of this announcement or any transaction, arrangement or other matter referred to herein.
Neither the Global Coordinator, nor any of its subsidiaries, affiliates or any of its partners, directors, officers, employees, advisers, agents or any other person accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy, completeness or fairness of the information or opinions in this announcement (or whether any information has been omitted from the announcement) or any other information relating to Fastpartner AB (publ), or any of its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.
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