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Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company") has today completed the previously announced acquisition of a portfolio of 72 grocery stores in Finland. In connection with the completion of the acquisition the Company has paid a part of the purchase price by way of a directed share issue of 2,000,000 shares.
The assets are located in different locations across Finland and have a total lettable area of approximately 42,000 sqm. In total 71 assets have been leased to Kesko and one to S Group. The weighted average lease maturity is slightly over five years. The total transaction value, including transaction costs, amounts to approximately EUR 71.6m.
The portfolio was acquired from AB Sagax, and as part of the acquisition, the board of Cibus, by virtue of the authorization granted by the annual general meeting held on 15 April 2021, and as previously announced, resolved on a directed share issue of 2,000,000 shares, corresponding to approximately 4.8 per cent of the shares in the Company after the share issue. The shares have been subscribed by Sagax Finland AB. The subscription price, which amounts to SEK 189.37 per share, corresponds to the volume-weighted average price of the Cibus share during 30 trading days before June 14, 2021.
The directed share issue entails an increase in the number of shares in Cibus by 2,000,000 shares, from 40,000,000 to 42,000,000, and an increase in the share capital by EUR 20,000 from EUR 400,000 to EUR 420,000, corresponding to a dilution of 4.8 per cent of the shares and votes in Cibus.
The new shares entitle the holder to dividends from the next record date which follows after the shares have been entered into the share register. The next record date occurs on December 22, 2021. The increase in the number of shares entails that the Company's total dividend amount, which was resolved by the annual general meeting on April 15, 2021, increases in an amount of EUR 640,000 distributed over the remaining four payments of dividends.
For further information, please contact:
Sverker Källgården, CEO, Cibus Nordic Real Estate AB (publ) (+46 761 444 888)
Pia-Lena Olofsson, CFO, Cibus Nordic Real Estate AB (publ) (+46 70 858 04 53)
Cibus is a real estate company listed on Nasdaq Stockholm Mid Cap. The company's business idea is to acquire, develop and manage high quality properties in the Nordics with daily goods store chains as anchor tenants. The company currently owns approximately 400 properties in the Nordics. The main tenants are Kesko, Tokmanni, Coop, Lidl and S Group.
The shareholders in Cibus Nordic Real Estate AB (publ) ("Cibus" or the "Company"), reg. no 559135-0599, are hereby invited to an extraordinary general meeting on Thursday, 17 February 2022, at 09:00 a.m., at City Conference Center, at the premises of Norra Latin at Drottninggatan 71B, 111 23 Stockholm, Sweden.
Cibus Nordic Real Estate AB (publ) has signed the acquisition of an asset with a grocery store completed during 2020 and a building under construction containing social services in Sweden for EUR 15.7m. The property is acquired from a property developer. The transaction is targeted to close at the completion of the construction work in Q4, 2022.
Cibus Nordic Real Estate AB (publ) has signed the acquisitions of a portfolio of six properties in southern Norway for EUR 15.8m. The transactions are targeted to close on January 12, 2022.