On 18 December 2020, SBB announced an acquisition corresponding to 54.3 percent of the total shares and votes in Offentliga Hus. On 23 December 2020, SBB announced that they had completed the acquisition of 44.2 percent of the shares and votes in Offentliga Hus, whereby the completion of the remaining shares, corresponding to 10.1 percent of the shares and votes, was subject to the approval of relevant competition authorities. On 17 February 2021, SBB announced that they had received an approval from the Swedish Competition Authority (Sw. Konkurrensverket) and on 1 March 2021, SBB announced that they had completed the acquisition of the remaining shares that had been acquired.

Further, the completion on 23 December 2020 entailed an obligation for SBB to announce a public offer regarding the remaining shares in Offentliga Hus pursuant to the Takeover rules for certain trading platforms issued by the Swedish Corporate Governance Board. On 20 January 2021, SBB announced a mandatory public offer to the shareholders in Offentliga Hus. The acceptance period commenced on 16 March 2021 and ended on 13 April 2021.

As of 13 April 2021, 58,842,006 shares in Offentliga Hus have been tendered in the Offer, corresponding to approximately 23.0 percent of the total shares and votes in Offentliga Hus. Shareholders of Offentliga Hus representing in total 56,825,276 shares chose to receive the cash consideration and shareholders representing in total 2,016,730 shares chose to receive the share consideration in the Offer. In addition, SBB has, since 15 March 2021, acquired 2,438,089 shares in the market (at prices not exceeding the price in the Offer), corresponding to approximately 1.0 percent of the total shares and votes in Offentliga Hus. Accordingly, and together with SBB’s previous holdings announced on 15 March 2021, SBB controls a total of 247,949,492 shares in Offentliga Hus, corresponding to approximately 96.9 percent of the total shares and votes in Offentliga Hus.

 “With the completion of the acquisition of Offentliga Hus we are continuing to build SBB into Europe’s leading property company within social infrastructure,” said Ilija Batljan, CEO and founder of SBB.

To allow for the remaining shareholders to accept the Offer, SBB extends the acceptance period up to and including 29 April 2021. Settlement for shares tendered during the end of the initial acceptance period is expected to commence on or around 23 April 2021. Settlement for shares tendered during the extended acceptance period is expected to take place on or around 7 May 2021. SBB may acquire additional shares in Offentliga Hus in the market during the extended acceptance period.

SBB reserves the right to additionally extend the acceptance period for the Offer. Should an additional extension of the acceptance period be resolved, there will however be no delay in payment of consideration to those who have already accepted the Offer.

SBB intends to initiate a compulsory acquisition procedure under the Swedish Companies Act to acquire all shares not tendered in the Offer or acquired in the market. In addition, SBB intends to promote a de-listing of the Offentliga Hus’ shares from Nasdaq Stockholm First North Premier Growth Market.