ALM Equity AB (publ) (OM:ALM) agreed to spin off 2.24% stake in Aros Bostadsutveckling AB (publ) (OM:AROS) for SEK 38.4 million on May 10, 2023. As per the announcement, ALM Equity shall distribute 1,071,499 ordinary shares in Aros. The distribution shall take place with one ordinary share in Aros for every 10 ordinary shares held in ALM Equity.

The record date will be May 17, 2023. The extraordinary general meeting decided the distribution on May 10, 2023. The last day for trading in ALM Equity's shares, including the right to receive shares in Aros is May 15, 2023.

From May 16, 2023, ALM Equity's shares will be traded without the right to receive shares in Aros.