ABG Sundal Collier acted as Joint Global Coordinator and Bookrunner in the SEK 2,000 million directed share issue in Pandox

On Wednesday 18 September 2024, Pandox announced the successful completion of a directed share issue of around 10.8 million common shares of class B at a price of SEK 186 per share, raising gross proceeds of SEK 2,000 million. The share issue was completed to maintain Pandox’s strong financial position following hotel acquisitions in London and Edinburgh and to increase the company’s financial flexibility for additional property acquisitions and investments in existing properties with the objective to increase cash earnings per share. ABG Sundal Collier acted as Joint Global Coordinator and Bookrunner in the transaction.