Bifogade filer
Vnv 1q21 Eng
Kurs & Likviditet
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Mid Cap Stockholm |
| Sektor | Finans |
| Industri | Investeringar |
Net asset value (NAV) and financial results for the three-month period 2021
The VNV Global AB (publ) (“VNV Global”) group’s net asset value was USD 1,241.86 million (mln) on March 31, 2021 (December 31, 2020: 1,080.23), corresponding to USD 11.63 per share (December 31, 2020: 11.36). Given a SEK/USD exchange rate of 8.7321 the NAV was SEK 10,844.04 mln (December 31, 2020: 8,833.34) and SEK 101.59 per share (December 31, 2020: 92.91), respectively.
The group’s NAV per share in USD increased by 2%.
Net result for the period was USD 23.68 mln (January 1, 2020–March 31, 2020: -45.67). Earnings per share were USD 0.24 (-0.58).
Key events during the quarter January 1, 2021–March 31, 2021
During the first quarter of 2021, VNV Global invested a total of USD 19.2 mln, of which USD 10 mln was invested in SWVL, USD 3.5 mln was invested in HousingAnywhere and USD 5.7 mln in other investments.
An Extraordinary General Meeting in VNV Global held on January 13, 2021 resolved in accordance with the Board’s proposals to amend the articles of association, to authorize repurchase of own shares, to authorize the issue of shares, and to issue new incentive shares to the participants of VNV Global’s long-term incentive programs LTIP 2019 and LTIP 2020 as compensation for the dilutive effect of the rights issue 2020.
On February 17, 2021, VNV Global announced that the Company’s directed share issue of 11,662,000 shares was subscribed. The directed share issue provided VNV Global with proceeds amounting to SEK 1,116.2 mln (USD 140.5 mln) prior to transaction costs. The subscription price in the Directed Share Issue amounts to SEK 100 per share.
Key events after the end of the period
On April 21, 2021, VNV announced it was leading a new larger financing round in BlaBlaCar with a EUR 35 mln investment, primarily in the form of convertible notes.
On April 27, 2021, Hemnet IPOed on Nasdaq Stockholm. At the IPO price Hemnet is valued at approx. SEK 11.6 bn, implying a valuation of SEK 623.5 mln for VNV’s indirect stake of 5,421,476 shares in the company before the transaction, which implies a 72% upward revaluation compared to VNV’s valuation as per 1Q21. Following the IPO, assuming the over-allotment option is exercised in full, VNV expects approx. SEK ~141 mln in sales proceeds and the Company’s remaining indirect holding will amount to 4,196,773 shares in Hemnet.
The Company will hold a telephone conference with an interactive presentation at 15:00 CEST (09:00 a.m. EDT) Wednesday, April 28. For call-in details, see separate press release issued Friday, April 23, at www.vnv.global.