Aros Bostadsutveckling AB ("Aros Bostad") takes possession of another two projects in the building rights portfolio for which binding agreement was signed with ALM Equity on 15 August 2022. As communicated in the press release 15 August 2022, Aros Bostad has signed a binding agreement to access a total of 34 project opportunities from ALM Equity. Since the agreed prerequisites have been fulfilled, Aros Bostad have now taken possession of another two projects, Abyholm and Ekero Brygga.

Thereby, Aros Bostad will taken possession of 26 out of 34 projects. The project Abyholm, centrally located in Vallentuna, has a legally binding zoning plan which allows for development of ca 15 terraced houses. For the project Ekero Brygga, located close to the sea in Ekero, there is ongoing work with the zoning plan which is aiming for ca 50 housing building rights.

Payment is conducted through a share issue with payment by set-off consisting of 1,716, 095 convertible shares which can be converted to common shares during year 2024 at latest. The issues have been resolved by the board with the authorisation given by the annual general meeting on 1 June 2023. The convertible shares have a price of SEK 60 per common share, as set out in the share transfer agreement, signed on 15 August 2022.

Through the set-off issue, and utilisation of convertibles, the capital stock increases with SEK 34,321.90 from SEK 1,248,119.52 to SEK 1,282,441.42. The total amount of shares, common shares and convertible shares, increases with 1,716,095 common shares, from 62,405,976 shares to 64,122,071 shares. The calculated dilution effect for existing shareholders is ca 2.68%.

Through utilisation of all outstanding convertibles, including the convertibles issued on 14 July 2023, the total amount of shares will amount to 64,547,701 shares and the capital stock will amount to SEK 1,290,954.02. Total calculated dilution effect for existing customers amounts to ca 3.3%.