Catella AB’s (publ) Chief Financial Officer (CFO) has announced that he resigns from his employment. He will continue in his current role during the notice period of six months to ensure an orderly transition until a new CFO takes office.
Marcus Holmstrand has been CFO of Catella since September 2015 and previously worked as Group Business Controller since 2011.
“During his time at Catella, Marcus Holmstrand has been very important to the company’s strong development. Marcus has contributed as CFO but has also taken on a broader responsibility in his role as a member of Group Management. After eight years at Catella, I understand that Marcus wants to look for new challenges outside of the company. I want to thank him for this time and wish him all the best with future challenges,” says CEO Knut Pedersen.
Three weeks ago, it was announced that CEO Knut Pedersen will leave Catella in conjunction with the Annual General Meeting in May 2020.
“Catella is now facing two important recruits where one, to the role of new CEO, has already begun and where we will immediately begin the recruitment of new CFO. My ambition is for the transition to take place as smoothly as possible, which we can ensure by the fact that both the current CEO and CFO continue to work well into 2020. I would like to thank both Marcus and Knut for their many important contributions to Catella’s development. Now we have the opportunity to recruit a new strong team that can continue the Catella growth journey.” says Catella’s Chairman Johan Claesson.
For more information, please contact:
Chairman of the Board
+46 70 547 16 36
Knut Pedersen Jonas Burvall
President and CEO Head of Group Communications
+46 8 463 33 10 +46 766 27 97 55
This is information that Catella 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 13.00 p.m. CET on December 17, 2019.
Catella is a leading specialist in property investments and fund management, with operations in 15 countries. The group has assets under management of approximately SEK 185 billion. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more online at catella.com.
Arise AB (publ) (”Arise”) has today entered into an agreement with funds managed by Foresight Group LLP (”Foresight”), a UK based leading independent infrastructure and private equity investment manager, for the sale of the 231 MW wind farm Skaftåsen (the ”Project”). Closing of the transaction will occur today.
At closing, Arise will receive a fixed consideration of approx. EUR 19.1 million. An additional EUR 6.4 million in variable consideration is expected to be received once construction of the Project has been completed. The sale is expected to have a positive impact on earnings of approx. SEK 210 million in total over the years 2019 to 2021, of which approx. SEK 140 million in Q4 2019. The variable part of the consideration is dependent on how construction of the Project proceeds versus plan and budget. The transaction also includes an additional production based earn-out mechanism amounting to up to approx. EUR 4.5 million.
The transaction will be implemented through a sale of the shares in Skaftåsen Vindkraft AB (the company holding the project rights) from Arise AB to FW Skaftåsen BidCo AB, a company controlled by Foresight.
Arise will manage the construction and once operational, manage the Project on behalf of Foresight through construction and asset management agreements.
Siemens Gamesa will be supplying 35 turbines with a capacity of 6.6 MW each from its new cutting-edge 5.X platform. Construction of the Project has already begun, and commissioning is expected late 2021.
Daniel Johansson, CEO, Arise AB said:
”We are very happy to introduce not only a significant new investor in the shape of leading independent infrastructure investment manager Foresight to the Swedish wind market, but also cutting-edge new technology provided by Siemens Gamesa. To launch this new technology on the Nordic market together with Siemens Gamesa and Foresight represents a landmark event for us. This great project is founded on strong relationships and collaboration from start to finish, and we look forward to realising this exciting project together with these renowned partners”.
Daniel Cambridge, Senior Investment Manager, Foresight Group said:
”We are very pleased to announce our first greenfield onshore wind investment in Sweden. As a leading international infrastructure investor, Foresight is delighted to be partnering with an experienced developer in Arise and also to be deploying the latest innovations in onshore wind technology with Siemens Gamesa. The Skaftåsen project will make a valuable contribution to renewable energy production and carbon reduction targets in Sweden, and also make a material contribution to the local community via the annual community contribution payment which is aligned to our ESG focused investment criteria”.
Halmstad 11 December, 2019
ARISE AB (publ)
For further information, please contact
Daniel Johansson, VD Arise AB, +46 702 244 133
Linus Hägg, CFO Arise AB, +46 702 448 916
This information is such information as Arise 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 11.15 a.m. CET on 11 December 2019.
Arise is one of Sweden’s leading wind power companies, with the business concept to develop, build and manage onshore wind farms for its own account and on behalf of investors. The company is listed on NASDAQ Stockholm.
Arise AB (publ), P.O. Box 808, SE-301 18 Halmstad, Sweden, telephone +46 (0)10 450 71 00
Weeker winds than normal in November resulted in a power production of 26.3 GWh, compared to the month’s budget of 32.3 GWh.
Halmstad 5 December, 2019
ARISE AB (publ)
For further information, please contact
Daniel Johansson, CEO Arise AB, +46 702 244 133
This information is information that Arise AB is obliged to make public pursuant to the EU MarketAbuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 16.25 CET on 5 December, 2019.