Today an Extraordinary General Meeting was held in
As communicated in the Company's press releases from
The share issue entails an increase of the Company's share capital by up to
The Board of Directors of the Company made an overall assessment and carefully considered the possibility of raising capital through a new issue with preferential rights for the Company's shareholders. The Board of Directors considerers that the reasons for deviating from the shareholders' preferential right is (i) that a rights issue would take a significantly longer time to complete and entail a higher risk for an adverse effect on the share price, particularly in light of the current market volatility and the challenging market conditions, and (ii) to carry out a directed share issue can be made at lower costs and with less complexity than a rights issue. The Board of Directors' overall assessment was that, given current market conditions, a new issue which deviates from the shareholders' preferential right, given the flexibility it allows, was the most suitable option for carrying out the capital raise.
For more information on the new share issue, please refer to the press release published on the Company's website on
For more information, please contact:
Johan Hammarqvist, Head of Investor Relations and Communications
e-mail: johan.hammarqvist@k-fastigheter.se, telephone: +46 10 167 60 99
This information was submitted for publication, through the agency of the contact person set out above, on
K-Fastigheter is much more than a property company. Through an integrated process, we build our business in the four business areas project development, prefab, construction and property management. To enhance cost efficiency and cut construction times, K-Fastigheter has chosen to work with three concept houses, developed in-house and constructed for own management. K-Fastigheter offers close to 4,900 homes from
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