Klövern AB

Klövern buys ordinary shares in a directed share issue in Tobin Properties

In a directed share issue Klövern has bought 7 500 000 ordinary shares in Tobin Properties at a price of SEK 20 per share, in total SEK 150 million. Klövern's holding in Tobin Properties after the directed share issue amounts to around 40 per cent of the number of shares and around 42 per cent of the voting rights in the company.

Klövern intends to, within four weeks, come back with a mandatory take-over offer according to Take-over rules for certain trading platforms. This press release does not constitute a take-over offer according to Take-over rules.

For additional information see press release published on 5 December 2017 about the contract Klövern has signed with Tobin Properties, including commitment to guarantee a rights issue of at most 2,592,383 ordinary shares, corresponding to SEK 52 million.

Klövern AB (publ)

For additional information:
Rutger Arnhult, CEO, [phone], [e-mail]
Lars Norrby, IR, [phone], [e-mail]

Klövern is a real estate company committed to working closely with customers to offer them efficient premises in growth regions. Klövern is listed on Nasdaq Stockholm. For further information, see www.klovern.se.

Klövern AB (publ), Bredgränd 4, 111 30 Stockholm. Phone: [phone]. E-mail: [e-mail].

This information is information that Klövern AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 11:00 CET on 17 January 2018.

180117 Klövern buys ordinary shares in a directed share issue... (pdf)

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Source: Klövern AB (publ) via Globenewswire