Brief: PPI Acquires Rigedalen 5 In Kristiansand, Kindergarten Portfolio

Public Property Invest ASA

12/12/2024 06:33

Dec 12 (Reuters) - Public Property Invest ASA
 PUBLI.OL :
    * PPI ACQUIRES RIGEDALEN 5 IN KRISTIANSAND AND A
KINDERGARTEN
PORTFOLIO OF EIGHT PROPERTIES
    * PPI TO ACQUIRE RIGEDALEN 5 FOR NOK 160.8 MILLION
    * HAS ALSO ACQUIRED A PORTFOLIO OF EIGHT KINDERGARTENS FROM
LÆRINGSVERKSTEDET FOR A TOTAL PROPERTY VALUE OF NOK 182.5
MILLION
    * KINDERGARTENS FULLY LET WITH ANNUAL RENTAL INCOME OF NOK
10.8
MILLION
    * TRANSACTIONS WILL BE SETTLED THROUGH A COMBINATION OF
ASSUMING
PARTS OF EXISTING DEBT (NOK 50 MILLION, 7 YEARS WITH SWAP OF
2.27%) AND CASH, AND BY ISSUING NEW SHARES IN PPI AT A SHARE
PRICE EQUIVALENT TO NOK 22,1 PER SHARE
    * TOTAL NUMBER OF NEW SHARES TO BE ISSUED IS 815,119

Source text:  ID:nMFN8yvlKk 
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