Advokatfirman Lindahl advises AB Sagax (publ), listed on Nasdaq Stockholm, Mid Cap, in connection with that Sagax, to enable increased financial flexibility, introduces a new class of shares, class D common shares, and conducts a rights issue of class D common shares of MSEK 383. Class D common shares entitles to a dividend of maximum SEK 2.00 per share and year. In addition, the board of directors of Sagax may, under certain circumstances, conduct a directed issue of class D common shares of maximum MSEK 101. The rights issue is subject of the approval by an extraordinary general meeting to be held on 7 October 2016.
The board of directors and management holds approximately 30% of the shares of Sagax and have undertaken to subscribe for their total share of the rights issue. In addition, Sagax has received investment undertakings from institutional investors. The subscription undertakings and investments undertakings corresponds to, in total, 100% of the rights issue.
The prospectus with regard to the rights issue is expected to be made public on 13 October 2016.
Sagax is a property company whose business concept is to invest in commercial properties, primarily in the warehouse and light industry segment.
Advokatfirman Lindahl advises Sagax through Johan Hessius, project manager and responsible partner, Maria Arnoldsson, Annika Andersson, Olivia Toftgård and Anton Knifström (all Capital Markets and Public M&A), Nina Persson and Fredrik Morfeldt (Real Estate).