Today, an extraordinary general meeting was held where the owners decided to issue preference shares of Series B, for a total of 30,000 new shares. 

A total of SEK 3,000m will be added to the company due to the new share issue which is being executed today.

Prior to the new share issue, the equity / assets ratio was 38.6%, the loan-to-value ratio (LTV) was 57.8%, the loan-to-value ratio calculated as net debt / (net debt + equity) was 58.6% and the secured loan-to-value ratio was 36.9%.

After the new issue, the equity / assets ratio amounts to 40.6%, the loan-to-value ratio (LTV) to 54.3%, the loan-to-value ratio calculated as net debt / (net debt + equity) to 55.1%, and the secured loan-to-value ratio to 35.7%.

The liquidity will be used to repay new and existing revolving credits and to strengthen liquidity.

"The owners continue to capitalize Heimstaden Bostad by once again adding a large amount of equity for continued development of the Group with sound financial ratios," says Magnus Nordholm, CEO Fredensborg AS and acting CFO Heimstaden Bostad. 

For further information, please contact:

Patrik Hall, CEO                                                                                                        +46 705 85 99 56     patrik.hall@heimstaden.com 

Magnus Nordholm, CEO Fredensborg AS and acting CFO Heimstaden Bostad     +46 705 29 31 44     magnus.nordholm@fredensborg.no