Amasten Fastighets AB (“Amasten”), which controls 97.5 percent of the shares and votes in SSM Holding AB (“SSM”), has called for compulsory redemption (Sw. tvångsinlösen) of the remaining shares in SSM, and has requested that SSM’s board of directors apply for a delisting of SSM’s shares from Nasdaq Stockholm.
On October 14, 2020 Amasten published a public offer to the shareholders of SSM to sell all their shares in SSM (the “Offer”). After the end of the acceptance period on December 7, 2020, Amasten announced that the Offer had been accepted to such an extent that Amasten controled a total 57,390,538 shares in SSM, corresponding to approximately 97.5 percent of the total number of shares and votes in SSM. At the same time, the offer was declared unconditional.
In light of the above, Amasten has called for compulsory redemption of the remaining shares in SSM, in accordance with the Swedish Companies Act (Sw. aktiebolagslagen). Amasten has also announced that the acceptance period has been extended until January 15, 2021 so that the remaining shareholders in SSM will be given the opportunity to accept the Offer.
Amasten has further requested that SSM’s board of directors apply for a delisting of SSM’s shares from Nasdaq Stockholm. Consequently, in accordance with the request from Amasten, SSM’s board of directors has resolved to apply for a delisting of SSM’s shares from Nasdaq Stockholm. Such application has today been sent to Nasdaq Stockholm. The last day of trading will be announced after SSM has received confirmation from Nasdaq Stockholm.
For more information, please contact:
EVP Communications & IR
Phone: +46 (0)761 65 17 71
About SSM Holding AB
SSM produces smart, affordable homes with attractive shared spaces close to public transport and the city centre for its target group – tomorrow’s urbanites. SSM envisions a housing market for as many people as possible and today, the Company is the leading property developer in its niche within the Greater Stockholm area. On September 30, 2020, SSM had approximately 4,300 buildings rights in its portfolio. SSM has been listed on Nasdaq Stockholm’s Main List since April 6, 2017. www.ssmlivinggroup.com