Wästbygg Gruppen has decided to merge its property construction and project development organisations focused on the residential and commercial segments, which up until now were run by two separate organisations, Wästbygg AB and Wästbygg Projektutveckling AB. This change will be effective from 1 February.
Logistic Contractor AB, which is part of the Wästbygg Group, has signed an agreement with Niam AB. Niam AB acquires, through one of its funds, a logistics facility under production in Farsta south of Stockholm. The transaction is being carried out as a forward commitment, where Niam AB will take over the property when it is completed during the first quarter of 2022. The purchase price amounts to approximately SEK 900 million.
The number of shares and votes in Wästbygg Gruppen AB (publ) (”Wästbygg”) has changed consequent upon the issue of 1,056,832 new class B shares in November in connection with exercise of the overallotment option issued by the board of directors of Wästbygg relating to the listing of Wästbygg’s class B share on Nasdaq Stockholm. The newly issued shares have been issued pursuant to the authorisation given to the board of directors in Wästbygg by the Annual Shareholder’s meeting held on 23 March 2020.
Logistic Contractor has signed a contract with DHL Copenhagen Hub Denmark A/S to build a new parcel terminal and office at Copenhagen Airport, Kastrup. The facility, which will have an area of 26,000 sqm in addition to an adjacent parking deck of 7,500 sqm, will be constructed inside the airport perimeter in order to enable the processing of inbound and outbound air freight. The order has a value of approximately SEK 500 million.
Swedbank AB (publ) (”Swedbank”) and Nordea Bank Abp, filial i Sverige (”Nordea”) (together the ”Joint Global Coordinators”) have exercised the overallotment option of 1,056,832 new B-shares in Wästbygg Gruppen AB (publ) (”Wästbygg” or the ”Company”). The stabilisation period has now ended, and no additional stabilisation measures will be taken.
According to the Instruction and Rules of Procedure for the Nomination Committee, the committee is to consist of four members representing the three largest shareholders as of the final working day in September, in addition to the Chairman of the Board. If any of the three largest shareholders do not wish to exercise their right to appoint a member, the right to appoint such a member then passes to the next largest shareholder. Given the company’s listing on the stock exchange on 13 October 2020 which resulted in numerous shareholders, the Wästbygg Group has opted to diverge from the instruction in order to grant new shareholders the opportunity to participate in the appointment of the Nomination Committee. The members of the Nomination Committee have thus been appointed based on shareholdings as of 26 October 2020.
The number of shares and votes in Wästbygg Gruppen AB (publ) (”Wästbygg”) has changed consequent upon the issue of 8,333,333 new class B shares in October in connection with the listing of Wästbygg’s class B share on Nasdaq Stockholm. The newly issued shares have been issued pursuant to the authorisation given to the board of directors in Wästbygg by the Annual Shareholder’s meeting held on 23 April 2020.