Examples of Heimstaden Bostad in a sentence
Heimstaden Bostad will promptly notify the Trustee in accordance with the Trust Deed in the event that any of the undertakings in this Condition 4.2 is breached at any time.
References herein to the "relevant Issuer" shall be references to whichever of Heimstaden Bostad or HBT is specified as the Issuer in the applicable Final Terms (as defined below).
If the relevant Issuer of a Series of Notes is Heimstaden Bostad, references herein to the "Guarantor" and the "Guarantee", and related expressions, are not applicable and shall be disregarded in respect of such Series.
In addition to the strategic rationale, such as cleaner structure and responsibilities between Heimstaden Bostad and Heimstaden AB and improved scalabilities, there will also be a cost saving for Heimstaden Bostad.
The transaction and agreements were negotiated between Heimstaden AB and the main institutional owners of Heimstaden Bostad and approved by the board of directors of Heimstaden Bostad and all other shareholders.
Following the equity issue, Heimstaden AB continues to hold the majority of votes in Heimstaden Bostad.
Below is an overview of the group management owned by Heimstaden AB and the country management owned by Heimstaden Bostad.
Heimstaden Bostad has raised equity and repurchased parts of outstanding hybrid bonds On 18 July 2022, Heimstaden Bostad announced that it would be repurchasing outstanding hybrid bonds with a nominal amount of EUR 868 million, fully financed by SEK 6,885 million (EUR 649 million) of equity, raised from existing shareholders.
The below provides an overview of the investors in Heimstaden Bostad (based on voting rights) as of 31 March 2022: • Heimstaden AB (through subsidiary): 51.6%;• Alecta: 33.3%;• Folksam Group: 11.2%;• Swedish Pensions Agency: 1.3%;• Other Investors: 1.3%;• Ericsson Pension Fund: 1.2%.Heimstaden's majority owner is Fredensborg AS, a Norwegian investment company indirectly owned by Ivar Tollefsen.
The rights of the shareholders in Heimstaden Bostad are contained in the articles of association of Heimstaden Bostad and Heimstaden Bostad is managed in accordance with those articles and with the provisions of Swedish law.The illustration below provides an overview of the ownership structure of Heimstaden Bostad based on voting rights and capital as of 31 March 2022, but with Heimstaden Bostad owning the country management operations as of 1 July 2022.