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KlA[pilcrow sign]vern's increases holding in Tobin Properties through subsidiary through SEK409m share issue.

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NORDIC BUSINESS REPORT-May 28, 2019-KlA[pilcrow sign]vern's increases holding in Tobin Properties through subsidiary through SEK409m share issue

(C)2019 M2 COMMUNICATIONS http://www.m2.com

Real estate company Klovern AB (STO:KLOVA) announced on Monday that through its indirectly wholly-owned subsidiary, Dagon Sverige AB (Dagon), it has subscribed for shares in Tobin Properties AB, through a share issue with pre-emption rights for existing shareholders of approximately SEK409m, which has been completed by Tobin Properties.

Reportedly, the subscription period for participation in the share issue ended on 22 May 2019. Dagon has committed to guarantee the share issue up to 100%.

As of 27 May 2019, Tobin Properties announced the outcome in the share issue stating that the share issue was fully subscribed, of which 77,912,412 ordinary shares were subscribed through subscription rights.

Before registration of this share issue, Dagon owns approximately 86.7% of the share capital and approximately 88.5% of the votes in Tobin Properties, corresponding to 36,311,225 ordinary shares and...

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