NP3 Fastigheter Issues New Preference Shares to Fund Share Acquisition

The latest announcement is out from NP3 Fastigheter AB ( (SE:NP3) ).

NP3 Fastigheter AB has resolved to carry out a directed issue of 1,250,000 preference shares to two creditors as part of a share acquisition, with payment made through set-off of claims at a subscription price of SEK 31 per share. Following the issue, the total number of shares rises to 118,830,794, of which 57,250,000 are preference shares, increasing share capital to SEK 415,907,779 and resulting in a modest dilution of 1.05 percent of capital and 0.19 percent of votes for existing shareholders, while the new preference shares carry identical dividend rights to existing ones.

The most recent analyst rating on (SE:NP3) stock is a Sell with a SEK183.00 price target. To see the full list of analyst forecasts on NP3 Fastigheter AB stock, see the SE:NP3 Stock Forecast page.

More about NP3 Fastigheter AB

NP3 Fastigheter AB is a cash flow-oriented real estate company focused on commercial, high-yielding investment properties in northern Sweden. Its portfolio totals about 2.36 million square metres across 633 properties in industrial, logistics, retail, office and other segments, organised into eight regional business areas and listed on Nasdaq Stockholm Large Cap.

YTD Price Performance: -1.83%

Average Trading Volume: 63,960

Technical Sentiment Signal: Buy

Current Market Cap: SEK15.58B

Learn more about NP3 stock on TipRanks’ Stock Analysis page.