SAGAX Aktie

 

The Head of Asset Management for Sagax Sweden, Urban Sjölund, is leaving after 10 years at the company. Urban is to retire on 1 January 2025 and will be at the company's disposal until a successor has assumed office. The recruitment process for his successor has been initiated.   Comment by David Mindus, Chief Executive Officer, AB Sagax:   -  "Urban has commendably been responsible for the asset management of Sagax's Swedish operations since 2015. Together with the asset management team his efforts has contributed to a positive development of the property portfolios of both...

Sagax has through 8 separate transactions acquired 18 properties for the equivalent of SEK 750 million. The properties comprise a lettable area of 85,000 square metres and 209,000 square metres of land, of which 18,000 square metres is held with site leasehold title. One property with an estimated rental value of SEK 6 million is acquired vacant. The annual rental income for the remaining properties amounts to the equivalent of SEK 52 million corresponding to an occupancy rate of 96%. The average remaining lease term is 6.8 years.   Closing for the equivalent of SEK 485 million takes...

According to the principles for the appointment of Sagax's nomination committee, which was decided at the Annual General Meeting 2021, the chairman of the board has convened a nomination committee for the 2025 Annual General Meeting According to the instructions, Sagax's nomination committee shall consist of four members, of which one member shall be the chairman of the board. The three largest shareholders in terms of votes as of September 30, 2024, shall each appoint a representative to form the nomination committee together with the chairman of the board. Nomination committee for...

JANUARY − SEPTEMBER 2024 · Rental revenue increased 16% to SEK 3,678 M (SEK 3,160 M in the year-earlier period). · Profit from property management attributable to the Parent Company's shareholders increased 8% to SEK 3,217 M (2,972). · Profit from property management per Class A and B share after dilution amounted to SEK 8.94 (8.64). · Property revaluation had an impact on profit of SEK 456 M (–1,680). · Revaluation of financial instruments had an impact on profit of SEK 1,074 M (–734), of which SEK 1,335 M referred to the revaluation of Sagax's holding in NP3 Fastigheter...

Shareholders have requested conversion of 12,739 Class A common shares into Class B common shares in accordance with Sagax's Articles of Association. Conversion has taken place, which has reduced the number of votes in the company by 11,465.1 votes. The number of votes thus amounts to 70,501,863.1 after the conversion. The share capital of SEK 816,700,129 is unchanged. As of 30 August 2024, the total number of shares in the company is 466,685,788 divided between 26,481,427 Class A common shares, 313,943,032 Class B common shares (of which 2,000,000 shares are held in treasury) and 126,...

On 5 May 2024 (Press release no. 7, 2024), Sagax announced that it had acquired 27% of a property portfolio in France comprising 43 properties with 285,000 square metres of lettable area and 902,000 square metres of freehold land. Sagax has today acquired an additional 43% interest in the portfolio. The investment is made through acquisition of 43% of the shares in the property owning SPV. The investment represents a property acquisition of SEK 1,585 million. Following today's acquisition Sagax owns 70% of the SPV. The shares, which are unlisted, are acquired from a European insurance...

Sagax has issued 89,804 Class B common shares in June 2024 following the exercise of warrants issued under the incentive program 2021/2024.   As of 28 June 2024, the total number of shares in the company is 466,685,788 divided between 26,494,166 Class A common shares, 313,930,293 Class B common shares (out of which 2,000,000 shares are held in treasury) and 126,261,329 Class D common shares. Class A common shares represent 26,494,166 votes, Class B common shares represent 31,393,029.3 votes and Class D common shares represent 12,626,132.9 votes. The share capital amounts to SEK 816,...

Shareholders have requested conversion of 8,674 Class A common shares into Class B common shares in accordance with Sagax's Articles of Association. Conversion has taken place, which has reduced the number of votes in the company by 7,806.6 votes. The number of votes thus amounts to 70,504,347.8 after the conversion. The share capital of SEK 816,542,972 is unchanged.  As of 31 May 2024, the total number of shares in the company is 466,595,984 divided between 26,494,166 Class A common shares, 313,840,489 Class B common shares (of which 2,000,000 shares are held in treasury) and 126,261,...

Sagax has issued an unsecured green bond loan of EUR 500 million in the European capital market. The issue has been carried out under the company's EMTN programme. The bond loan has a maturity of 6 years with maturity date on 29 May 2030. The fixed annual interest rate is 4.39 per cent, corresponding to the Euro Mid-Swap plus a margin of 1.55 per cent. The proceeds from the issuance will be used for general corporate purposes in line with Sagax's Green Finance Framework.   For more information, please contact CEO David Mindus tel. +46 8 545 83 540.   About AB Sagax   AB...