Pandox Divests Eight Hotels in Sweden

Sweden Sweden — Pandox has signed an agreement with Midstar to divest eight hotel properties with a total of 965 rooms in Sweden. The acquisition price amounts to MSEK 850 (€90M), after deduction of deferred tax.

Pandox divests hotel property in Antwerp for €16 M

Sweden Sweden — Pandox, listed on Nasdaq Stockholm has entered in to an agreement to divest the hotel property Scandic Antwerp in Belgium for €16 M, to the hotel chain Van Der Valk from the Netherlands.

Pandox Appoints new Head of Investor Relations

Sweden Sweden — Camilla Weiner has been appointed as new head of Investor Relations at Pandox. Camilla replaces Thomas Backteman as Head of Investor Relations, forms part of Pandox’s Executive Management group and reports to the company’s CFO Liia Nõu.

Pandox Enters Settlement Agreement with Nordic Choice Hospitality Group

Sweden Sweden — Pandox and the bankruptcy estate have entered a settlement agreement with Nordic Choice Hospitality Group AS in a legal proceeding related to claims for future rent under a long-term lease agreement against a lessee that was declared bankrupt in 2013.

Trading of Pandox’s Shares Initiated

Sweden Sweden — The trading of Pandox’s shares on Nasdaq Stockholm was initiated on Friday. The first trades were made on SEK 111,50, SEK 5,50 above the issue price of SEK 106.

Pandox Announces its Intention to List on Nasdaq Stockholm

Sweden Sweden — Pandox AB announces its intention to proceed with an Initial Public Offering and to list its B-shares on Nasdaq Stockholm. Nasdaq Stockholm has decided to admit the Company’s B-shares to trading, subject to customary conditions. Depending on current market conditions, the IPO is expected to be completed during 2015.

Pandox Explores Potential Listing

Sweden Sweden — The hotel property company Pandox is exploring a potential listing on Nasdaq OMX Stockholm.

Pandox Asset Management signs first agreement

Nordic — Pandox has started a new business area, introducing the new division Pandox Asset Management, which will manage hotel properties on behalf of external property owners. The first agreement is now signed, with Eiendomsspar AS.