Brief: Odd Molly Signs Letter Of Intent Regarding Acquisition Of Three Properties In The Gothenburg Area

Logistea AB

18/06/2021 07:52

June 18 (Reuters) - Odd Molly International AB  ODD.ST :
    * ODD MOLLY SIGNS LETTER OF INTENT REGARDING ACQUISITION OF THREE PROPERTIES IN THE
GOTHENBURG
AREA WITH AN UNDERLYING PROPERTY VALUE OF SEK 167 MILLION AND CARRIES OUT A DIRECTED CASH ISSUE
OF SEK 39 MILLION
    * PROPERTIES COMPRISE A LETTABLE AREA OF A TOTAL OF 11,400 SQUARE METERS
    * TWO OF PROPERTIES WILL BE ACQUIRED THROUGH SO-CALLED FORWARD FUNDING AND ARE PLANNED TO BE
COMPLETED DURING SECOND HALF OF 2022
    * AFTER COMPLETION, PROPERTIES COMPRISE A LETTABLE AREA OF A TOTAL OF 11,400 SQUARE METERS
AND ARE
ESTIMATED TO GENERATE ANNUAL RENTAL INCOME OF APPROXIMATELY SEK 10.4 MILLION WITH AN OPERATING
NET OF APPROXIMATELY SEK 9.9 MILLION
    * ALL LEASES RUN WITH A LEASE PERIOD OF 10-15 YEARS.
    * PROPERTIES ESTIMATED TO GENERATE ANNUAL RENTAL INCOME OF APPROXIMATELY SEK 10.4 MILLION
    * AS PART OF FINANCING ACQUISITION, BOARD OF ODD MOLLY HAS DECIDED TO CARRY OUT A DIRECTED
CASH
ISSUE OF A TOTAL OF 2,166,667 SERIES A ORDINARY SHARES
    * THROUGH ISSUE, COMPANY WILL RECEIVE A TOTAL AMOUNT CORRESPONDING TO A TOTAL OF SEK 39
MILLION
BEFORE TRANSACTION COSTS.

Source text for Eikon:  ID:nMFN9dtlPc 
Further company coverage:  ODD.ST 

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