ABG Sundal Collier acted as joint bookrunner in connection with the directed share issue of 10,000,000 series B shares, raising proceeds of MSEK 1,480

Pandox AB today announced the successful completion of a directed share issue of 10,000.000 series B shares at a subscription price of SEK 148 per share. The subscription price has been determined through an accelerated bookbuilding procedure. The directed issue has been subscribed by a number of Swedish and international institutional investors.
 

About Pandox

Pandox is a leading owner of hotel properties in Northern Europe with a focus on sizeable hotels in key leisure and corporate destinations. Pandox’s hotel property portfolio currently comprises 122 hotels with approximately 27,000 hotel rooms in eleven countries. Pandox’s business is organised into Property management, which comprises hotel properties leased on a long-term basis to market leading regional hotel operators and leading international hotel operators, and Operator activities, which comprises hotel operations executed by Pandox in its owner-occupied hotel properties. Pandox was founded in 1995 and the company’s B shares are listed on Nasdaq Stockholm. www.pandox.se