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Aros Bostadsutveckling AB: Aros Bostad resolves to redeem, and applies for delisting of, outstanding preference shares of class A

The board of directors of Aros Bostadsutveckling AB (publ) ("Aros Bostad" or the "Company") has, in accordance with what the Company previously has communicated, resolved to redeem all outstanding preference shares of class A in the Company and applies for delisting of the preference shares of class A, which are admitted to trading on Nasdaq First North Growth Market. The record date for the redemption procedure is expected to be 21 July 2021 and last day of trading in the Company's preference shares of class A is expected to be 19 July 2021.

The board of directors of the Company has, based on the provisions regarding redemption in the Company's articles of association and as previously communicated, resolved to redeem all 104,041 outstanding preference shares of class A. The redemption amount per share is, as stipulated in the articles of association, SEK 100, SEK 10,404,100 in total for all shares. Through the redemption procedure, the share capital of the Company will decrease by SEK 2,080.82.

As a consequence of the redemption resolution, the Company's board of directors has also applied to delist the Company's preference shares of class A, which are admitted to trading on Nasdaq First North Growth Market. Last day of trading in the Company's preference shares of class A is expected to be 19 July 2021.

Preliminary timetable

Event Date
Last day of trading and delisting of the shares 19 July 2021
Record date 21 July 2021

Source: Cision
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