Public Property Invest to acquire SBB portfolio, plans EGM

Public Property Invest ASA (PPI) has called an Extraordinary General Meeting (EGM) for December 9, 2025, to approve the acquisition of a social infrastructure portfolio from Samhällsbyggnadsbolaget i Norden AB (SBB). The NOK 23 per share transaction involves cash consideration and the issuance of 446,858,803 new shares in PPI, comprising 77,541,478 ordinary A-shares and 369,317,325 non-voting, non-listed B-shares. The EGM will also address a private placement of 153,646,693 new ordinary shares at NOK 23 per share and a potential subsequent offering of up to 15,217,391 new ordinary shares at the same price.

The EGM will be held digitally and requires resolutions for the share capital increase and an amendment to PPI's articles of association to establish the new B-share class. SBB and APG Invest AS have committed to voting in favor of all resolutions, with SBB abstaining from the vote on the transaction's approval due to related-party involvement. The transaction, including necessary regulatory approvals, is expected to close in December 2025.

The listing of the consideration shares (excluding B-shares) and private placement A-shares is conditional on an approved prospectus by the Financial Supervisory Authority of Norway, with trading on Euronext Oslo Børs commencing thereafter. PPI also plans to reincorporate as a Swedish public limited company with a primary listing on Nasdaq Stockholm post-transaction.