Logistea AB (publ) has recruited Maléne Broman as Head of Property Management and a new member of the Group Management. Maléne has extensive expertise and over 20 years of experience in property management and leadership from established Swedish real estate companies. Maléne will take up her new position in the first quarter of 2022.
Logistea AB (publ) has completed a directed new share issue of 195,314 Class B shares at a subscription price of 29.82 SEK per share. The issue constitutes partial financing of an investment property in the Gothenburg area that was acquired on June 18, 2021. The investment property is fully let and has a property value of approximately 34 MSEK and an average remaining contract period of approximately 13 years.
During November 2021, Logistea carried out directed new issues and a bonus issue. Logistea has also completed a reverse share split 1:10. As a result of the company events, the number of Class A shares has decreased by 71,762,939 shares and the number of Class B shares has increased by 85,976,600 shares. The number of votes has decreased by 63,165,279 votes.
Summary January - September 2021 Rental income increased and amounted to 60 (9) MSEK. Net operating income increased to 44 (7) MSEK. Profit from property management increased to 8 (2) MSEK. Changes in...
On October 7, 2021, Logistea AB (publ) issued a senior unsecured bond loan of 500 MSEK within a total framework amount of 1,000 MSEK on the Swedish bond market. The bond loan has a variable interest rate of STIBOR 3m +5.15 per cent per year and has final maturity on October 7, 2024.
Logistea AB (publ) (the "Company") has issued a senior unsecured bond loan of 500 MSEK on October 7, 2021, within a total framework amount of 1,000 MSEK on the Swedish bond market. The bonds carry a floating interest rate of STIBOR 3m +5.15 per cent. per annum and mature October 7, 2024.
Logistea AB (publ) (“Logistea” or “the Company”) publishes a prospectus regarding admission to trading of 62,400,000 Ordinary Shares of Class B on Nasdaq Stockholm. The shares are expected to be admitted to trading around November 25, 2021.
Logistea AB’s Ordinary Shares of Class B will be admitted to trading on Nasdaq Stockholm as of today, November 22, 2021. The total number of outstanding shares amounts to 939,502,600, of which 79,736,600 are Ordinary Shares of Class A and 859,766,000 are Ordinary Shares of Class B.
Logistea AB (publ) has initiated a rental collaboration regarding Vaggeryd Logistics Park (Vaggeryd Logistikpark) with Newsec. The logistics park, which consists of existing investment properties and undeveloped landbank, has one of Sweden's best logistics locations with direct connection to European highway 4 (E4) as well as railway tracks and within a 400 km radius 80 percent of Sweden's population is reached. The estimated developmentable and lettable area is at least 150,000 – 180,000 square meters, of which approximately 13,500 square meters present are under development and are expected to be completed during the beginning of 2022.
Logistea AB (publ) (“Logistea”) resolved at the Extraordinary General Meeting (“EGM”) held on October 22, 2021 to carry out a reverse share split of 1:10. The reverse share split means that ten (10) Ordinary Shares of Class A will be consolidated into one (1) Ordinary Share of Class A and that ten (10) Ordinary Shares of Class B will be consolidated into one (1) Ordinary Share of Class B. Furthermore, the EGM also resolved to authorize the Board of Directors to decide the record date for the reverse share split. The Board of Directors has today decided, in accordance with the authorization from the EGM, that the record date for the reverse share split shall be November 24, 2021. The last day of trading in Logistea's shares prior to the reverse share split is November 22, 2021.
Logistea AB (publ) ("Logistea") has prepared a Prospectus regarding admission to trading of the Company's Ordinary Shares of Class B on Nasdaq Stockholm. The estimated first day of trading in the Company's Ordinary Shares of Class B is around November 22, 2021.
Logistea AB (publ) ("Logistea") brings forward financial information of the Company’s capital structure for the third quarter of 2021. The background is regulatory requirements where financial information regarding capital structure may not be older than 90 days when publishing a prospectus. Below are attached equity and liabilities, net debt and assets pledged as of September 30, 2021. The information has not been audited by the Company’s auditor. The full Q3 Interim Report 2021 will be published November 26, 2021.
Due to trading and trading suspension in the Company’s Stam A share on November 11 2021, Logistea wishes to repeat and clarify previously communicated resolutions made at the Extraordinary General Meeting on October 22, 2021. In the Extraordinary General Meeting, it was resolved that the Company shall carry out a Bonus Issue, through which ten (10) Ordinary B shares shall be received free of charge for each existing Stam A share. As of November 11, 2021, the Stam A share was traded in the Company without the right to receive new Class B shares. This fact was not reflected in the share price during the trading day 11 November 2021, whereupon the Company contacted Nasdaq Stockholm who suspended the trading. During the trading halt, the Company clarified in a press release that the record date for participation in the Bonus Issue is November 12 and that the last day of trading including the right to receive new Class B shares was November 10, 2021.
In accordance with the resolution of Logistea AB's (publ) ("Logistea") (former company name Odd Molly International AB's) Annual General Meeting 2021, members of the Nomination Committee...
Logistea AB (publ) (formerly company name Odd Molly International AB (publ)) today accessed two properties in Smedjeholmen's industrial area in Falkenberg (Sweden) that the company acquired on June 30, 2021. One property is a fully leased modern warehouse and logistics property with a leasable area of approximately 10,000 square meters with an average remaining contract length of three years. The adjacent property is unbuilt with building rights corresponding to approximately 12,000 square meters. The properties have an underlying property value of approximately 78 MSEK and estimated annual rental income of 7.1 MSEK and estimated net operating income of 5.3 MSEK. The purchase price amounted to 56.2 MSEK.
Logistea AB (publ) (formerly company name Odd Molly International AB (publ)) today access the seven properties in Karlskoga and Kristinehamn that the company acquired on October 25, 2021. Leasable area...
Logistea AB (publ) ("Logistea") (under name change from Odd Molly International AB (publ)) continues to grow rapidly with a focus on warehousing and logistics properties. The company has signed an agreement...
Odd Molly International AB (publ) has decided at an Extraordinary General Meeting today, October 22, 2021, to change the company name to Logistea AB (publ). At the Extraordinary General Meeting, it was...
Odd Molly International AB (publ) ("Odd Molly") has today, October 22, 2021, held an Extraordinary General Meeting on which it was decided, among other things, to distribute all of Odd Molly's shares...
Odd Molly International AB (publ) (“Odd Molly”) has today successfully issued senior unsecured green bonds of 500 MSEK under a framework of 1,000 MSEK with maturity in October 2024 (the “Bonds”). The Bonds have a floating interest rate of 3 months STIBOR plus 515 basis points. An amount equivalent to the proceeds will be used in accordance with Odd Molly's newly established Green Finance Framework.
Odd Molly International AB (publ) (“Odd Molly”) has mandated Nordea Bank AB and Swedbank AB (publ) as joint bookrunners to investigate the possibility to issue a senior unsecured green bond of up to 500...
Odd Molly International AB (publ) ("Odd Molly") establishes a Green Finance Framework (the "Framework") that enables the company to issue, among other things, green bonds. The purpose is to be able to finance and refinance green and energy efficient buildings and energy efficiency through e.g. solar panels. The Framework is established in accordance with the Green Bond Principles and Green Loan Principles. ISS ESG has conducted an independent review of the Framework.
Odd Molly International AB (publ) has great ambitions and high goals for the company's continued growth in warehousing and logistics properties. As part of the continued expansion, Niklas Zuckerman has been recruited as the new CEO and Anders Nordvall as Deputy CEO and Head of Transactions. Niklas and Anders have both extensive experience and expertise in the Swedish real estate market and real estate transactions from various leading roles over the past 20 years. The duo will take on their new roles no later than December 2021.
Odd Molly International AB (publ) ("Odd Molly") today received Nasdaq Stockholm's ("Nasdaq") approval after a renewed listing review. The review has been carried out in light of Nasdaq's assessment that Odd Molly, by streamlining its business to become a real estate company focused on warehousing and logistics properties and divesting the fashion business, has undergone a "substantial change of operations" according to Nasdaq's regulations. In light of Nasdaq's approval, Odd Molly intends to convene an extraordinary general meeting with the aim of distributing the shares in We aRe SpinDye (“WRSD”) during the autumn of 2021.
Odd Molly International AB's (publ) real estate business continues to grow rapidly with a focus on warehousing and logistics properties. In order to further strengthen the organization for the company's continued development, five more new employees have been recruited to the company's finance function, all with solid experience from the real estate industry.
Odd Molly International AB (publ) (Odd Molly) continues to grow in real estate for warehousing and logistics. The company has today closed the transaction with the e-commerce company Cellbes existing logistics property of 12,700 square meters of lettable area in Viared Borås, Sweden, with an underlying agreed property value of 63.0 MSEK. After further extension, the property is expected to have a lettable area of approximately 21,400 square meters and include a new modern logistics facility with a fully automated warehouse to Cellbes. Estimated annual rent after extension amounts to 12.5 MSEK.
Summary 1 April - 30 June 2021 Total revenues increased by 110 percent to MSEK 79.1 (37.7), of which the fashion business accounted for MSEK 60.2 (35.0) and the real estate business for MSEK 18.9 (2.6)....
Odd Molly International AB (publ) (“Odd Molly” or “the Company”) has entered into an agreement with HanssonGruppen EBJ AB regarding the acquisition of in total three properties in the Gothenburg area with an underlying property value of approximately SEK 167 million (“The Acquisition”). Two of the properties will be acquired through so-called forward funding and are planned to be completed during the second half of 2022. After completion, the properties comprise a lettable area of ??a total of 11,400 square meters and are estimated to generate annual rental income of approximately SEK 10.4 million with an operating net of approximately SEK 9.9 million. All leases run with a lease period of 10–15 years.
Odd Molly International AB (publ)
Stockholm 31 May, 2021
Odd Molly International AB (publ) (“Odd Molly” or “the Company”) today announces that the number of shares and votes has increased by 926,735.
Odd Molly International AB (publ)
Stockholm 30 April, 2021
Odd Molly International AB (publ) (“Odd Molly” or “the Company”) today announces that the number of shares and votes has increased by 3,837,500.
Odd Molly International AB (publ) Stockholm the 26 March 2021 Odd Molly International AB (publ) (”Odd Molly” or ”the group”) streamlines its operations to fully focus on warehouse and logistics real es...
