The Board of Directors of Samhällsbyggnadsbolaget i Norden AB (publ) (“SBB”) today announces its intention to carry out a rights issue of class D common shares of approximately SEK 2.63 billion at a subscription price of SEK 16 per class D common share (the “Rights Issue”). The Rights Issue is carried out for the purpose of lowering the company’s indebtedness and is intended to be resolved upon during the second quarter of 2023 on the basis of the authorisation that is proposed to be approved by the Annual General Meeting on 28 April 2023. Ilija Batljan, Sven-Olof Johansson, Arvid Svensson Invest AB and Lennart Schuss have undertaken to subscribe for class D common shares in the Rights Issue for a total amount of approximately SEK 430.2 million, corresponding to approximately 16.3 percent of the Rights Issue.

The Board of Directors of SBB today announces its intention to carry out a Rights Issue of class D common shares of approximately SEK 2.63 billion, which is intended to be resolved upon during the second quarter of 2023 on the basis of the authorisation that is proposed to be approved by the Annual General Meeting on 28 April 2023.

In accordance with SBB’s Articles of Association all shareholders will, irrespective of the class of shares held, have pre-emption rights to subscribe for the new class D common shares in the Rights Issue pro rata to the number of shares owned on the record date.

The net proceeds from the Rights Issue are intended to be used to lower the company’s indebtedness.

Ilija Batljan, Sven-Olof Johansson, Arvid Svensson Invest AB and Lennart Schuss have undertaken to subscribe for class D common shares in the Rights Issue for a total amount of approximately SEK 430.2 million, corresponding to approximately 16.3 percent of the Rights Issue.

The subscription price in the Rights Issue is intended to be set at SEK 16 per class D common share.

The other terms and conditions for the Rights Issue will be made public after the Board of Directors has decided to carry out the Rights Issue, which will take place as soon as the Board of Directors knows when a prospectus can be expected to be published.

Trading with subscription rights will take place on Nasdaq Stockholm in connection with the Rights Issue.

Ilija Batljan, Sven-Olof Johansson, Arvid Svensson Invest AB and Lennart Schuss have made a subscription undertaking to subscribe for class D common shares in the Rights Issue for a total amount of approximately SEK 430.2 million, corresponding to approximately 16.3 percent of the Rights Issue.

Further information regarding the parties who have entered into subscription undertakings will be presented in the prospectus to be made public before the commencement of the subscription period.

The company will announce a detailed timetable for the execution of the Rights Issue in connection with the Board of Directors resolving on the Rights Issue and its final terms. This is expected during the second quarter of 2023.

A prospectus and subscription form will be made available before subscription period commence on SBB’s website, www.sbbnorden.se.

”The strategic focus on reducing the company's indebtedness continues to have the highest priority. As part of this, the Board of Directors has announced its intention to carry out a rights issue amounting to SEK 2.63 billion with a subscription price of SEK 16 per class D common share. The entire net proceeds will be used to reduce the company's indebtedness,” says Ilija Batljan, CEO and founder of SBB.