The shares have been sold through an accelerated book-building process to Swedish and international institutional investors, including AMF and AMF Fonder, Öhman Fonder, Mertzig Asset Management AB and PriorNilsson, at a price of SEK 127 per share. The price was at a 4.9 percent discount to last close as of April 28, 2021.

The reason for doing a directed Share Sale is to promote an efficient capital structure of Wallenstam in an expedient and cost-efficient way, thereby enabling Wallenstam to create maximum value for its shareholders for the long term. The sale price has been determined based on the sales process carried out by Skandinaviska Enskilda Banken AB (“SEB”) and is deemed to constitute the best available price for Wallenstam.

The net proceeds from the Share Sale are intended to further strengthen the company’s balance sheet on the back of its investment program and enable new land acquisitions.

After the sale is completed, Wallenstam does not own any shares.

In connection with the Share Sale, Wallenstam has agreed to a lock-up undertaking, with certain exceptions, on future share sales or issuances for a period of 90 days after the settlement date of the Share Sale.

SEB acted as Sole Bookrunner in connection with the sale. Vinge and Milbank LLP were legal advisers to Wallenstam.