Akelius Residential Property AB (publ)
board of directors revokes its dividend proposal
In light of the public offer to the D shareholders in Akelius Residential Property AB (publ) the board of directors has decided to revoke its previously communicated proposal that the annual general meeting on 29 April 2025 shall resolve to distribute dividend.
As previously communicated, in case the bidder Akelius Apartments becomes the owner of more than 90 per cent of the shares in Akelius Residential Property, it intends to commence a compulsory redemption procedure in respect of the remaining shares in the company in accordance with the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)). In connection thereto, Akelius Apartments intends to promote a delisting of the Class D ordinary shares from Nasdaq First North Growth Market.
In light of the above, the board of directors of Akelius Residential Property has today decided to remove the company's current dividend policy and to revoke its proposal to the annual general meeting that is to be held on 29 April 2025 to distribute dividends on the Class D ordinary shares. The Company's dividend policy has been to promote a continuous distribution of dividends for the Company's ordinary shares.
The board of directors' full proposals to the annual general meeting on 29 April 2025 will be announced no earlier than six weeks and no later than four weeks before the annual general meeting.
Ralf Spann CEO +49 173 643 65 90 [email protected]
This information is information that Akelius Residential Property AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation.
The information was submitted for publication, through the agency of the contact person set out above, at 11.20 CET on March 13, 2025.
Akelius Residental Property AB (publ)'s D shares are listed on Nasdaq First North Growth Market Stockholm.
Avanza Bank is the Certified Adviser of the Company, [email protected], +46-8-409 421 20.