Business
NPRO: Share capital increase and transfer of Fabege AB shares to NPRO
NPRO: Share capital increase and transfer of Fabege AB shares to NPRO
About this update from Fabege Ab
The general meeting of Norwegian Property ASA (NPRO) has today resolved asharecapital increase with a total contribution of NOK 253.5 million, through theissuance of 497,064,476 new shares with a nominal value of NOK 0.51 at a priceof NOK 12.57 per share. The capital increase is carried out as a contributioninkind, where the company's sole owner, Realty Holdings (NOR) Limited, transfersits 71,973,181 shares in Fabege AB to NPRO in exchange for 497,064,476 sharesinNPRO. As a result of the capital increase, the share capital in NPRO will beincreased by NOK 253,502,882.76 to NOK 597,377,280. The number of shares afterthe capital increase will be 1,171,328,000. The company's articles ofassociation will be amended to reflect the new share capital.The share issue provides a significant strengthening of NPRO's balance sheet.Minutes from the extraordinary general meeting and updated articles ofassociation are attached.For further information, please contact:Haavard Rønning, Interim CEO/CFO, phone: +47 400 200 19, e-mail: [email protected] information is subject to disclosure requirements under Euronext OsloRuleBook II, section 6.2.2Norwegian Property is a focused and fully integrated office property companywith properties located mainly in the Oslo area in Norway. The portfolio ischaracterized by central location and attractive premises with high qualitytenants. The group's properties consist largely of office premises, associatedwarehousing and car parking, as well as retail and catering space. The companyhas identified four value drivers for long-term value creation; Marketing &letting, Property management, Property development and Transactions & finance.www.npro.nohttps://newsweb.oslobors.no/message/661999