The Board of Logistri Fastighets AB (publ) proposes the introduction of two share classes and split of existing shares into the share classes
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Spotlight |
| Sektor | Fastigheter |
| Industri | Förvaltning |
NOT FOR DISTRIBUTION, IN WHOLE OR IN PART, IN OR TO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION OR DISTRIBUTION OF THIS PRESS RELEASE IS PROHIBITED BY LAW.
The Board of Directors of Logistri Fastighets AB (publ) ("Logistri" or the "Company") proposes that an Extraordinary General Meeting, to be held on 13 June 2025, shall resolve to introduce two share classes, class A shares and class B shares. The purpose of introducing an additional share class is to provide Logistri with additional flexibility to raise equity capital and to increase the liquidity of one share class. Each existing share in the Company is proposed to be split into one (1) class A share and nine (9) class B shares.
Background and motive
Logistri strives to continue to grow in a disciplined manner in accordance with the Company's established strategies and financial targets. In the first quarter of 2025, Logistri's rental income amounted to SEK 40.6 million, corresponding to an increase of 25.5 per cent compared to the corresponding period in 2024. In the end of the first quarter of 2025, Logistri's property value amounted to SEK 2,294.0 million. As part of the realisation of the Company's growth strategy, the Board of Directors continuously evaluates possible approaches to create additional financial flexibility. The introduction of two share classes is expected to provide the Company with additional flexibility to raise equity, increase the liquidity of the class B shares and contribute to the create long term shareholder value.
Board proposals, etc.
The Board of Directors of Logistri proposes that an Extraordinary General Meeting resolves to amend the Articles of Association by introducing two new share classes, class A shares and class B shares, introduction of a conversion clause and conduct a share split whereby each existing share will be divided into ten (10) new shares. In connection with the registration of the new Articles of Association, the existing shares in Logistri will be converted into one (1) class A share and nine (9) class B shares. Following the share split, the number of outstanding shares will increase from 7,335,000 to 73,350,000, of which 7,335,000 will be class A shares and 66,015,000 will be class B shares. The class A shares and the class B shares will carry the same economic rights, including the same right to dividends. In accordance with the proposed Articles of Association, one class A share will carry one (1) vote and one class B share will carry one tenth (1/10) vote. Furthermore, it is proposed to introduce a conversion clause in Logistri's Articles of Association, whereby holders of class A shares may request conversion into class B shares.
The major shareholders Henrik Viktorsson and companies, Mattias Ståhlgren, Patrik von Hacht and Peter Lindell, representing approximately 40.8 per cent of the total number of shares and votes in Logistri, have expressed their support for the proposed resolution.
The Company will apply for both share classes to be admitted to trading on Spotlight Stock Market. Shareholders are not required to take any action in relation to the introduction of the new share classes and the share split.
Preliminary timetable
13 June 2025 Extraordinary General Meeting
30 June 2025 Record date for payment of previously approved dividend (SEK 1.30 per share)
30 June 2025 Last day of trading in Logistri's existing share
1 July 2025 First day of trading in class A shares and class B shares
2 July 2025 Estimated record date for the introduction of the two new share classes
The Board of Directors' complete proposal to the Extraordinary General Meeting and the notice of the Extraordinary General Meeting are available on Logistri's website, www.logistri.se.
For further information, please contact
David Träff, CEO
Logistri Fastighets AB (publ)
Telephone: + 46 (0)70 089 04 66
david.traff@logistri.se
Joachim Carlsson, CFO
Logistri Fastighets AB (publ)
Telephone: +46 (0)79 359 87 18
joachim.carlsson@logistri.se
About Logistri Fastighets AB (publ)
Logistri Fastighets AB (publ) is a real estate company that invests in commercial properties primarily in the light industry, warehousing and logistics segments. The vision is to be a stable and long-term partner to companies that demand business-adapted and sustainable premises. The company's overall objective is to generate a stable cash flow and a high risk-adjusted return with high customer confidence. Our tenants are active in various industries, most of which are Swedish and international industrial and engineering companies. The properties are located in Stockholm, Gothenburg and in southern and central Sweden, in close proximity to strategic infrastructure such as major roads, railways and ports. The company is headquartered in Stockholm. The company's share was listed on the Spotlight Stock Market in 2017. Logistri is included in the MSCI Global Micro Cap index.
For more information regarding Logistri Fastighets AB, please visit www.logistri.se.