Press releaseMarch 29 2017

Final result of Kungsleden’s rights issue

Not for release, publication or distribution, directly or indirectly, in or into Australia, Hong Kong, Japan, Canada, Singapore, the United States or any other jurisdiction where such distribution of this press release would be subject to legal restrictions.

Kungsleden AB’s (publ) (”Kungsleden”) rights issue has been fully subscribed, thereby raising gross proceeds of approximately SEK 1,638 million before issue costs. The subscription period ended on March 24, 2017. In total, 35,696,520 ordinary shares corresponding to approximately 98.1 percent of the rights issue were subscribed for with the exercise of subscription rights. Additionally, applications for subscription without subscription rights have been received for 48,291,345 million ordinary shares, corresponding to approximately 132.7 percent of the total rights issue. Hence, the rights issue has been fully subscribed and the underwriting commitment by Gösta Welandson and companies will not be utilized.

Allotment of new ordinary shares subscribed for without subscription rights will be made according to the principles outlined in the prospectus. Such subscribers who have been allotted shares are expected to be notified around April 3, 2017. Shareholders with nominee-registered holdings will receive confirmation of the allotment in accordance with the procedure of the respective nominee. Only those who are allotted shares will be notified.

Following the rights issue, Kungsleden’s share capital will increase by SEK 15,166,895.83 to SEK 91,001,375.83. The exceeding amount of the issue proceeds after deduction of issue costs will be accounted for in the share premium reserve on the company's balance sheet and thereby increase the company’s unrestricted equity. The number of ordinary shares will increase by 36,400,550 to 218,403,302.

The last day of trading in paid subscribed shares (BTA) at Nasdaq Stockholm is expected to be April 5, 2017. The new ordinary shares are expected to start trading at Nasdaq Stockholm around April 11, 2017. The above is the final result of the rights issue and hence no additional press releases pertaining to the rights issue outcome will be published.

Financial and legal advisors

ABG Sundal Collier, Kempen & Co and SEB Corporate Finance are acting as Joint Global Coordinators and Joint Bookrunners in the rights issue. Mannheimer Swartling Advokatbyrå is legal advisor to Kungsleden.

For more information, please contact:

Biljana Pehrsson, CEO of Kungsleden | +46 706 90 65 60 |

biljana.pehrsson@kungsleden.se

Anders Kvist, Deputy CEO and CFO of Kungsleden | +46 706 90 65 63 |

anders.kvist@kungsleden.se

Important information

The information in this press release does not contain or constitute an offer to acquire, subscribe or otherwise trade in shares, subscription rights or other securities in Kungsleden. Any invitation to the persons concerned to subscribe for shares in Kungsleden is only made through the prospectus published on March 8, 2017.

This press release may not be released, published or distributed, directly or indirectly, in or into Australia, Hong Kong, Japan, Canada, Singapore, the United States or any other jurisdiction where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, registrations or other actions in addition to what follows from Swedish law. Nor may the information in this press release be forwarded, reproduced or disclosed in a manner that contravenes such restrictions or would entail such requirements. Failure to comply with this instruction may result in a violation of applicable securities laws.  

No subscription rights, BTAs (interim shares) or new shares have or will be registered under the United States Securities Act of 1933 (“Securities Act”) or securities legislation in any state or other jurisdiction in the United States and may not be offered, subscribed, used, pledged, sold, resold, allotted, delivered or transferred, directly or indirectly, into or within the United States, other than pursuant to an exemption from, or in a transaction that is not subject to, the registration requirements of the Securities Act and in accordance with securities laws in the relevant state or other jurisdiction in the United States.

This press release may contain forward-looking statements which reflect Kungsleden’s current view on future events and financial and operational development. Words such as “intend”, “expect”, “anticipate”, “may”, “believe”, “plan”, “estimate” and other expressions which imply indications or predictions of future development or trends, and which are not based on historical facts, are intended to identify forward-looking statements. Forward-looking statements inherently involve both known and unknown risks and uncertainties as they depend on future events and circumstances. Forward-looking statements do not guarantee future results or development and the actual outcome could differ materially from the forward-looking statements. 

For more information, please contact:

Biljana Pehrsson, Chief Executive of Kungsleden | 46 (0)8 503 052 04 | biljana.pehrsson@kungsleden.se
Anders Kvist, Deputy CEO and CFO of Kungsleden | 46 (0)8 503 052 11 | anders.kvist@kungsleden.se

www.kungsleden.se

Detta pressmeddelande finns tillgängligt på svenska på www.kungsleden.se/pressmeddelanden

Kungsleden is a long term property-owner that provides attractive, functional premises that enrich people’s working days. We create value by owning, managing and developing offices and other commercial properties in Stockholm and Sweden’s other growth regions. A large portion of our properties belong to attractively located clusters where we also engage in the development of the whole area. Kungsleden’s goal is to deliver an attractive total return on our properties and for our shareholders. Kungsleden is listed on NASDAQ Nordic Large Cap.

Press contact

Anna Trane

Kommunikationschef

Tel: 08-503 052 20
E-mail me