ABGSC acted as sole bookrunner in the SEK 115m sale of treasury shares in Eastnine

On Wednesday 18 November, Eastnine announced a successful sale of one million treasury shares at a price of SEK 115 per share. The price was determined in an accelerated book building procedure and the transaction attracted interest from both existing and new shareholders. Eastnine intends to use the proceeds to continue growing through property acquisitions on the company’s core markets. The company recently announced a new business plan, which amongst others, includes a target of doubling the property value in just over three years to EUR 700m by the end of 2023. This is the first time in Sweden treasury shares are sold through an accelerated book building procedure. ABG Sundal Collier acted as sole bookrunner.