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Nasdaq Stockholm's listing committee has today approved Cibus Nordic Real Estate AB's ("Cibus" or the "Company") application for admission of the Company's shares to trading on Nasdaq Stockholm's main market. The approval is conditional upon customary conditions being fulfilled, for example that a prospectus is approved by and registered with the Swedish Financial Supervisory Authority. First day of trading on Nasdaq Stockholm is scheduled to Tuesday 1 June 2021 and last day of trading on Nasdaq First North Premier Growth Market is scheduled to Monday 31 May 2021.
Ever since the listing of the Company's shares on Nasdaq First North Growth Market, Cibus has had the ambition to have the Company's shares subject to trading on Nasdaq Stockholm. Since the listing, the Company has worked strategically and in a goal-oriented manner to build an organisation meeting the requirements applicable to a Company listed on Nasdaq Stockholm. The Company's board of directors believe that a listing of the Company's shares on Nasdaq Stockholm is a natural step in the Company's stated ambition and development process that would increase the Company's visibility among tenants, investors, Cibus as a partner and increase the knowledge about the Company among analysts and media. In line with the Company's stated growth strategy with annual investments of EUR 50 - 100 million per year, a listing on Nasdaq Stockholm is also expected to make the Company's share more attractive as a means of payment in connection with potential acquisitions and enables investments in the Company's shares by institutional players who have a focus on shares admitted to trading on a regulated market. It is the board of director's assessment that this in the long run creates better conditions for future value creation for the Company's shareholders.
There is no offering or issuance of new shares in connection with the Company's shares being admitted to trading on Nasdaq Stockholm. Shareholders of the Company do not need to take any action in connection with the change of listing venue. The ticker for the Company share on Nasdaq Stockholm will remain unchanged (CIBUS).
Cibus has prepared a prospectus in connection with the admission to trading of the Company's shares on Nasdaq Stockholm. The prospectus is expected to be approved by the Swedish Financial Supervisory Authority and published on Cibus' website, www.cibusnordic.com, on 28 May 2021.
Baker McKenzie is the Company's legal advisor in connection with the admission to trading of the Company's shares on Nasdaq Stockholm.
The information was provided through the agency of the contact persons set out below at the time stated by Cibus' news distributor beQuoted at publication of this press release.
For more information, please contact:
Sverker Källgården, CEO, Cibus Nordic Real Estate AB (publ)
Telephone: +46 761 444 888
Pia-Lena Olofsson, CFO, Cibus Nordic Real Estate AB (publ)
Telephone: +46 708 580 453
FNCA Sweden AB, telephone: +46 (0) 8-528 00 399, E-mail: email@example.com
About Cibus Nordic Real Estate AB (publ)
The Company's business strategy is to acquire, develop and manage high-quality properties in the Nordic region with daily goods chains as anchor tenants. The Company currently owns some 300 properties in the Nordic region. Core tenants are Kesko, Tokmanni, Coop and S Group. FNCA Sweden AB, +46 (0) 8-528 00 399 firstname.lastname@example.org, is the Company's appointed Certified Adviser.
Cibus Nordic Real Estate AB (publ) | Kungsgatan 56 | SE-111 22 Stockholm | Sweden Tel.: +46 (0)761,444,888 |Corp. ID No. 559135-0599 | www.cibusnordic.com
Cibus Nordic Real Estate AB (publ) ("Cibus" or "the Company") has successfully issued hybrid bonds in an amount of EUR 30m under its newly established MTN programme. The hybrid bonds are perpetual with a first call date after 5.25 years and has an interest rate of 3 months EURIBOR + 475 basis points. The first call date is 24 September 2026 and thereafter callable at each subsequent interest payment date.
Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has today signed the acquisition of a portfolio of 72 grocery stores in Finland. In addition, the Company has agreed to pay a part of purchase price with a directed share issue of 2,000,000 shares to the seller. The transaction is targeted to close during the fourth quarter of 2021.
Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has today signed and closed the acquisition of a grocery store in Helsinki, Finland for EUR 2.2m.
Cibus Nordic Real Estate AB (publ) ("Cibus" or "the Company") has established a Medium Term Note programme with a framework amount of SEK 5 billion or an equivalent amount in EUR, NOK or DKK ("the MTN programme"). The MTN programme enables issuance of senior unsecured bonds with a tenor of minimum one year and hybrid bonds. The base prospectus for the MTN programme has been approved by the Swedish Financial Supervisory Authority (Finansinspektionen) and is available at Cibus' web page (www.cibusnordic.com) and at the Swedish Financial Supervisory Authority's web page (www.fi.se).
Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has signed and closed acquisitions of four properties in Sweden for EUR 4.5m. Three of the properties are acquired by ICA Fastigheter in a sale and lease back transaction, and one from a private investor.