Brief: SBB Enters Into Agreement Regarding Acquisition Of Shares In PPI Against Payment Through Share Issue In-Kind

Samhallsbyggnadsbolaget I Norden AB

13/05/2025 07:14

May 13 (Reuters) - SBB SBBb.ST:

ENTERS INTO AGREEMENT REGARDING ACQUISITION OF SHARES IN PPI AGAINST PAYMENT THROUGH A SHARE ISSUE IN-KIND

TRG INTENDS TO TRANSFER AGREEMENT TO AKER PROPERTY GROUP, A WHOLLY OWNED SUBSIDIARY OF AKER ASA

TO CARRY OUT A SHARE ISSUE IN-KIND ('NEW ISSUE') TO TRG OR, AS APPLICABLE, AKER PROPERTY GROUP

VALUE OF APPROX. SEK 4.25 PER B SHARE IN SBB AND NOK 18.69 PER SHARE IN PPI.

PARTIES HAVE AGREED ON VALUE OF ABOUT SEK 4.25 PER B SHARE IN SBB AND NOK 18.69 PER SHARE IN PPI

164.6 MILLION B SHARES WILL BE ISSUED IN EXCHANGE FOR IN-KIND ASSETS CONSISTING OF RIGHT TO 39.8 MILLION SHARES IN PPI

AFTER COMPLETION OF ISSUE SBB'S HOLDING IN PPI IS TO BE 33.54%

AKER PROPERTY GROUP, OR WHERE APPLICABLE, TRG, WILL BECOME SBB'S LARGEST SHAREHOLDER IN TERMS OF CAPITAL SHARE

Source text: ID:nMFNbby81C

Further company coverage: SBBb.ST

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com;))