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Exercise of overallotment option and end of stabilisation period

Regulatory

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, HONGKONG, CANADA, JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES.

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.

As was announced on 30 September 2020, in connection with the offering to acquire new and existing B-shares in the Company and the listing of the Company’s B-shares on Nasdaq Stockholm (the “Offering”), the Company has granted an overallotment option to the Joint Global Coordinators.

The option has introduced the possibility for the Joint Global Coordinators to, during no more than 30 calendar days from the first day of trading in the Company’s B-shares on Nasdaq Stockholm, acquire no more than 1,484,375 additional B-shares. This equals no more than 15 percent of the total number of B-shares included in the Offering, which the Joint Global Coordinators under the option have been able to acquire at a price equal to the price in the Offering of SEK 96 per B-share. The aim of the option was to cover potential overallotment in connection with the Offering.

The Joint Global Coordinators exercise the overallotment option of 1,056,832 new B-shares, which will be used to settle the share loan that was granted to the Joint Global Coordinators by the Company’s main owner M2 Holding AB, in order to facilitate the delivery of overalloted B-shares in connection with the Offering. In order to facilitate exercise of the overallotment option, Wästbygg has agreed to resolve on a new share issue of 1,056,832 B-shares (at a price corresponding to the price in the Offering, SEK 96 per B-share) and following exercise of the overallotment option the total number of B-shares in Wästbygg amounts to 31,720,165 B-shares.

Swedbank has also, in its capacity as stabilisation manager, held a mandate to conduct stabilisation transactions, to the extent the bank deems suitable, with the aim to stabilise the market price of the Wästbygg B-share at a level above that which may otherwise have been in the market. Such transactions have been possible to execute at a price level at or below the price of the Offering.

Stabilisation measures have been possible to execute on Nasdaq Stockholm at any point of time during the period from the first day of trading in the Company’s B-share (13 October 2020) and not more than 30 calendar days thereafter (the “Stabilisation period”), meaning the final day of stabilisation was 11 November 2020. The Stabilisation period has thereby ended, and no further stabilisation measures will be conducted.

Below follows an overview of the stabilisation measures comprising in total 427,543 B-shares which Swedbank has executed during the Stabilisation period, in accordance with Article 5.4 of the Market Abuse Regulation (EU/596/2014). This has previously been made public in a press release on 29 October 2020. All transactions during the Stabilisation period have been executed on Nasdaq Stockholm and no other stabilisation measures have been taken. Contact person in Swedbank is Karin Tyche, telephone: +46 72 237 88 71.

Stabilisation information
Issuer: Wästbygg Gruppen AB (publ)
Security: B-shares (ISIN: SE0014453874)
Offering size: 9,895,833 B-shares
Offering price: 96 SEK
Market: Nasdaq Stockholm
Ticker: WBGR B
Stabilisation manager: Swedbank AB (publ)
Stabilisation measures
Date Quantity (no of B-shares) Highest price (SEK) Lowest price (SEK) Volume weighted average price (SEK) Currency Trading venue
2020-10-23 4,177 96 96 96 SEK Nasdaq Stockholm
2020-10-26 78,518 96 96 96 SEK Nasdaq Stockholm
2020-10-27 170,414 96 96 96 SEK Nasdaq Stockholm
2020-10-28 174,434 96 96 96 SEK

For more information, please contact:

Jörgen Andersson, CEO and Group President
Telephone: +46 703 23 32 02
Email: jorgen.andersson@wastbygg.se

Marie Lindebäck, Head of Investor Relations
Telephone: +46 723 467 20 12
E-post: marie.lindeback@wastbygg.se

The information was released for publication at 23 CET on 11 November 2020.

Important information

This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by Wästbygg in any jurisdiction where such offer or sale would be unlawful.

Copies of this announcement are not being made and may not be distributed or sent into the United States, Australia, Canada, Japan or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and accordingly may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any offering in the United States or to conduct an offering of securities in the United States.

The offering of the securities referred to in this announcement has been made by means of a prospectus which has been provided by the Company and which contain detailed information about the Company. This announcement constitutes an advertisement and not a prospectus for the purposes of Regulation (EU) 2017/1129 (together with any applicable implementing measures in any Member State, the “Prospectus Regulation”). Investors should not invest in any securities referred to in this announcement except on the basis of information contained in the aforementioned prospectus.

In any EEA Member State other than Sweden that has implemented the Prospectus Regulation (each, a “Relevant Member State” (including, for the avoidance of doubt, the United Kingdom during the Brexit transition period)), this communication is only addressed to and is only directed at qualified investors in that Relevant Member State within the meaning of article 2(1)(e) of the Prospectus Regulation, that is, only to investors who can receive the offer without an approved prospectus in such Relevant Member State.

This communication is only being distributed to and is only directed at (a) persons who are located outside the United Kingdom, or (b) persons who are located in the United Kingdom that either (i) have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), or (ii) are high net worth entities or other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). This communication must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.