THE RECENT EQUITY ISSUE. 5.1 The Recent Equity Issue The Company has, through the Subsidiaries, acquired 100% of the shares in the Targets from the Vendor. The Portfolio includes the registered properties Nybro Tallen 58, Xxxxxxxxx Xxxxx 103:9, Jönköping Älgskytten 13, Götene Skräddaren 1, Lidköping Sävare 19:12, Tingsryd Tingsryd 3:14 and Örebro Tackjärnet 3. The purchase price for the Targets is based on the Gross Portfolio Value of SEK 600 million, subject to customary purchase price adjustments. The Company has raised equity in the amount of SEK 252,000,000 by an equity issue in which the Company issued 2,520,000 new shares, to partially finance the acquisition. The proceeds of SEK 252 million from the Recent Equity Issue have, together with the issue proceeds of SEK 375 million from the Bonds, exclusively been applied towards fully funding the acquisition of the Targets, including transaction costs and working capital requirements. The Recent Equity Issue was based on a formal resolution to issue up to 2,520,000 new Shares in the Company, taken by the general meeting on 15 September 2017. The resolution of the general meeting was, in accordance with the Swedish Companies Act (Sw. Aktiebolagslagen (2005:551)), based upon a proposal by the Board of Directors. In connection with the Recent Equity Issue, the 500,000 shares that existed prior to the Recent Equity Issue was redeemed at a redemption price of SEK 1 per share, and for this purpose, the share capital was reduced by SEK 500,000. Following the Recent Equity Issue, the Shares comprise all shares in the Company and the registered share capital of the Company amounts to SEK 2,520,000. Xxxxxx was the sole manager of the Recent Equity Issue.
