On Tuesday 20 June 2023, Sagax announced the successful completion of a directed issue of 10 million common shares of class B at a price of SEK 206, raising gross proceeds of SEK 2,060 million. The share issue was completed to be able to act on investment opportunities in the current market environment, whilst maintaining a conservative capital structure and strong liquidity position. Sagax assesses that the share issue will lead to higher profit from property management, cash flow and net asset value per share after the proceeds from the share issue have been invested. This is the fourth capital raise completed by ABG Sundal Collier in Sagax since 2018, raising gross proceeds of over SEK 3 billion. ABG Sundal Collier acted as Joint Global Coordinator and Bookrunner in the transaction.
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