Extraordinary General Meeting (EGM) of Fastighets AB Balder was held on 25 September 2017 in Gothenburg.
Sten Dunér, member of the Board of Directors, opened the meeting and was elected Chairman of the EGM.
The EGM resolved in accordance with the Boards proposal to redeem all 10 million outstanding preference shares in Fastighets AB Balder in accordance with the provision in article 8 of the Articles of Association. In connection with the redemption, a cash payment of SEK 350 per preference share will be paid to the holders of the preference shares, which corresponds to a total amount of SEK 3.5 billion.
The redemption of the preference shares entails a reduction of the share capital in the Company by SEK 10 million (the reduction amount), equivalent to the quota value of the redeemed shares. In connection with the redemption, an amount corresponding to the reduction amount of SEK 10 million will be transferred to the reserve fund from non-restricted equity.
The EGM further resolved that the record day for the redemption of the preference shares shall be Monday, 9 October 2017. The preference shares shall therefore not be entitled to any additional dividend. Furthermore, there are no outstanding amount regarding dividends that have not been distributed in regards to previous record days for dividends.
This is information that Fastighets AB Balder is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 16.45 CEST on 25 September, 2017.