Klövern AB (publ) announced on 25 January 2018 the issuance of an unsecured bond loan in the total amount of SEK 1,500 million under a framework amount of SEK 2,500 million. The bond loan has a duration of approximately three years and a variable interest rate of three-month STIBOR + 350 basis points with final maturity in February 2021.

On 8 March 2018 Klövern's holding of its own shares amounted to 47,095,000 ordinary shares of Class B, which corresponds to 5.05 per cent of the total number of registered shares and 2.94 per cent of the total number of votes. The acquisition of own shares has been done in accordance with a decision at the Annual General Meeting on 26 April 2017.

After conversion of 163,809 Class A ordinary shares to Class B ordinary shares during the month of February the total number of shares in Klövern as of 28 February 2018 amounts to 932,437,980, of which 74,389,011 constitute Class A ordinary shares, 841,604,969 constitute Class B ordinary shares and 16,444,000 constitute preference shares.

The acceptance period will commence on 26 February 2018 and expire on 26 March 2018. Please note that completed application forms must be received by Swedbank AB no later than 15:00 CET on 26 March 2018.

Klövern has acquired an office property in the central part of Copenhagen for an underlying property value amounting to DKK 1,440 million. The property, which has a lettable area of approximately 31,000 sq.m. and around 10,000 sq.m. of garage space, is almost fully let, with Codan being an anchor tenant.

Klövern is reporting solid earnings for 2017. Profit before tax of SEK 3,211 million corresponds to an increase of 17 per cent. We have continued our work on focusing the property portfolio on the strongest growth regions. During the year, we have carried out transactions involving 81 properties and since the half-year stage of 2016 we have sold 66 properties, at the same time as we have acquired 57 properties and kept a continued high pace in project development.

Klövern gives you

Local presence

With our own staff at our units, we can provide tenants with fast service and have good knowledge of the market. Only by having close contact can we anticipate tomorrow’s needs.

Own management

Klövern is a real estate company offering customers efficient premises in selected growth regions with closeness and commitment. Management takes place in-house and with local commitment.

A broad range of premises

With our geographical distribution, we can offer premises at a number of locations in Sweden. We have a broad range of properties in the form of office, warehouse and industrial premises.

Sustainable concept

For Klövern, sustainable development means taking responsibility for the long-term economic, environmental and social results of how we put into practice our business concept and our values in operations.