SLP:s CEO increases holdings by exercising warrants and SLP receives MSEK 8.1
Swedish Logistic Property AB (publ) (“SLP” or the “Company”) today announces the outcome of the exercise of warrants of series TO4 (the “Warrants”), which were issued during 2020, by resolution of the Extraordinary General Meeting held on 18 September 2020. All Warrants were issued to Tommy Åstrand, SLP:s current CEO. In total, all Warrants were exercised for subscription of 175,000 shares of series A (the “A-shares”) and 575,000 shares of series B (the “B-shares”). The subscription price per exercised Warrant amounted to SEK 1,620. Each Warrant gave, after share split resolved on at the general meeting of shareholders held on 10 November 2020 and on 8 March 2022, the holder the right to subscribe for 35 A-shares and 115 B-shares in the Company, corresponding to a subscription price of SEK 10.80 per share regardless of share class. Through the exercise of the Warrants, SLP receives MSEK 8.1 before issuing costs.
Background
At the Extraordinary General Meeting in SLP held on 18 September 2020 it was resolved on a directed issue of 5,000 Warrants to Tommy Åstrand, former CFO and current CEO of the Company. Each Warrant gave, after share split resolved on at the general meeting of shareholders held on 10 November 2020 and on 8 March 2022, the holder the right to subscribe for 35 A-shares and 115 B-shares in the Company during the period from and including 15 December 2023 up to and including 15 January 2024. The exercise price for the Warrants amounted to SEK 1,620 per exercised Warrant. All Warrants were exercised for subscription of a total of 175,000 A-shares and 575,000 B-shares.
"With this transaction, I further increase my shareholding and ownership in SLP and look forward to, together with my colleagues, continuing to create value for both our tenants and our shareholders", says Tommy Åstrand, CEO of SLP.
Number of shares, share capital and dilution
Through the exercise of the Warrants the number of shares in SLP increases by a total of 750,000 shares, divided between 175,000 A-shares and 575,000 B-shares, from 55,757,965 A-shares and 154,394,455 B-shares to 55,932,965 A-shares and 154,969,455 B-shares, and the number of votes increases from 433,184,280 votes to 434,634,280 votes. The share capital increases by approximately SEK 5,000.00, from approximately SEK 1,401,016.14 to approximately SEK 1,406,016.14. The exercise of the Warrants entails a dilution of approximately 0.36 percent of the total number of shares and approximately 0.33 percent of the total number of votes based on the number of shares and votes after the exercise of the Warrants.
For further information, please contact:
Tommy Åstrand, CEO, Swedish Logistic Property AB (publ)
Tel: 0705-455 997
E-mail: [email protected]
The information was submitted for publication, through the agency of the contact person above on 20 December 2023 at 17.31 CET.
About SLP – Swedish Logistic Property
Swedish Logistic Property – SLP – is a Swedish property company that acquires, develops, and manages logistic properties with sustainability in focus. Value growth is created through development of the properties which are located in Sweden’s most important logistic hubs. The property portfolio comprises a lettable area of approx. 960,000 sqm. SLP is a partner that takes responsibility and through this creates value for both tenants as well as for the company and its shareholders. SLP’s share of series B is listed at Nasdaq Stockholm Mid Cap. For further information about SLP: slproperty.se
