We have now completed our listing on the Nasdaq Stockholm and we would like to take this opportunity to offer you a very warm welcome as a shareholder in the Wästbygg Group. It is gratifying that there was such significant interest in our share issue, but the consequence is that not all shareholders were able to receive the allocation they had hoped for.
The listing itself marked the end of an internal process that has taken several years as we have prepared the business in anticipation of going public. At the same time, it also represents the start of a new phase for the company, and it feels both exciting and satisfying to be starting a new chapter in the development of the Wästbygg Group.
There is now a total of approximately 13,000 shareholders in the company. The listing has raised capital amounting to almost SEK 1 billion for the company and we will be using this to further strengthen ourselves in two areas that we have identified as significant to our continued growth. We intend to dedicate even greater focus to our project development activities in the three business areas of Residential, Commercial (including community properties) and Logistics and Industry, and we will assemble a management portfolio comprising community properties developed by the company and managed via our newly established real estate firm Inwita. There are several fruitful development projects currently in the starting blocks, and we will intensify our marketing work in relation to both municipal and private sector operators in order to generate further business opportunities across our project development areas of activity.
Our ambition is to engage in open, clear and direct communication with our shareholders. We will be in touch as soon as anything of interest happens within the company, and we will continue to make ourselves available to respond to ongoing queries from the market. One such occasion will take place very soon on 9 November when we publish our quarterly report for Q3 2020. We will be hosting a live webcast for all interested parties. An invitation to this event, as well as other ongoing updates, will be posted on our website at group.wastbygg.se. If you have any queries then please do not hesitate to get in touch with our IR team by email at firstname.lastname@example.org.
Once again, we would like to offer you a very warm welcome as a shareholder in the Wästbygg Group.
WÄSTBYGG GRUPPEN AB