Månad: mars 2021

Management changes in Catella AB (publ)

Posted on by Isabella

The Board of directors of Catella AB (publ) has decided to appoint current CFO Christoffer Abramson to CEO and President as of 12 April 2021. Mattias Brodin will take up the position as acting CFO from March 29.

As earlier communicated, it was decided that Christoffer Abramson would take over as CEO in conjunction with Catella’s Annual General Meeting May 25 and now the date is set to April 12.

Mattias Brodin, who is appointed acting CFO, most recently comes from the position as Interim Group CFO för Transcendent Group (publ.) and previously corresponding positions at Estate Group Sverige och Apoteksgruppen. Mattias Brodin has extensive knowledge of various industries such as Real Estate, Industry, Logistics and Retail.

Necessary approvals are required from the supervisory authority before access to both positions can take place.

“The Board of Catella is very happy to appoint Mattias Brodin as acting CFO and in the same time be able to let Christoffer Abramson take over as CEO earlier than expected. Mattias has extensive financial expertise and a suitable background that match Catella’s need for development. It is positive for Catella that Christoffer now fully can focus on the company’s growth and organization as CEO” says Jan Roxendal, Chairman of the Catella board.

 

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 08.00 a.m. CET on March 26, 2021.

Arise to accelerate green transition with new growth plan

Posted on by Isabella

Arise AB (publ) (”Arise”) hereby presents its growth plan for 2025.

The forthcoming phase-out of fossil energy and rapid technological advances in the energy field constitute a paradigm shift for the consumption of renewable electricity. The consumption of renewable electricity is expected to increase dramatically in the 2020s and 2030s. Investor appetite in renewable energy has never been greater.

Arise has formulated the following growth plan for 2025 to leverage this potential.

International expansion and diversification of the development portfolio

  • Investments in large-scale solar power projects in new geographies, including Poland and the UK
  • Continued focus on wind projects in early phases in various geographies

Realise 3-5 TWh[1] of new green electricity production

  • Invite financial partners to invest in platforms for green electricity production with attractive returns
  • This will maximise Arise’s financial returns on its project portfolio through higher development profits and asset management income
  • Arise will retain minority interests in these platforms but at the same time will create flexibility to both sell entire projects and independently finance entire projects

Three segments to be reported – Development, Production and Solutions

  • Solutions will be reported separately in a new business area that contains project management, asset management and new services, which will increase transparency in the company
  • The business area will positively contribute to the company’s growth and profitability and strengthen other business areas

Arise has a strong track record of developing, selling and managing wind power assets, primarily in Sweden. In total, the company has realised almost 1,000 MW of new wind power since it started. With a strong basis in its existing operations, the company is now ready to apply its expertise to new markets in order to realise the company’s full potential. In the first stage, dialogue has been initiated with a number of players in both Poland and the UK to secure project rights for solar power. In parallel with this international expansion, wind projects in early phases, in various geographies, will remain in focus. Other markets and areas of technology will be continuously evaluated.

The company estimates a rate of expansion of an average of more than 300 MW per year by 2025, which is expected to create substantial value. In order to realise this, the company will, among other activities, invite financial partners to invest in platforms for green electricity production, which are managed by Arise. The aim is also for Arise to retain minority interests over time in these platforms. We have the same aim for our existing own farms.

It will be possible to realise both a high rate of growth and diversification through international expansion and broadening of operations into the area of solar power. The company intends to optimise its holdings of renewable production on an ongoing basis in order to create the best possible outcome in terms of profitability, growth, diversification and capital structure. This will create room for dividends in the future even though growth and modest leverage will be prioritised in the short term.

This year, we expected to divest Ranasjö and Salsjöhöjden in their entirety (about 240 MW) and make an investment decision to construct Lebo (about 30 MW). Under the framework of this growth plan, Lebo may initially be financed by the company to maximise flexibility and value creation.

”The energy transition creates a huge window of opportunity. We have a strong starting point with our attractive project portfolio and our production assets. The organisation has a high capacity and will be strengthened further moving forward. Arise has an exciting growth journey ahead, during which a considerably larger company will take shape,” says Daniel Johansson, CEO of Arise.

Halmstad, 26 March 2021
Arise AB (publ)

For further information, please contact
Daniel Johansson, CEO Arise AB, +46 702 244 133
Linus Hägg, CFO Arise AB, +46 702 448 916

This information is information that Arise AB 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 CET on 26 March, 2021.

Regarding information about how we process your personal data we refer to our Privacy policy, which is available on our website www.arise.se. If you no longer wish to have our press releases and news please contact us via info@arise.se.

About Arise
Arise is a leading independent company that realises new green energy. The company develops, builds and manages renewable electricity production. The company is listed on NASDAQ Stockholm.

Catella AB (publ) to redeem its outstanding up to SEK 750,000,000 senior unsecured callable floating rate bonds with ISIN SE0009994718

Posted on by Isabella

Catella AB (publ) (the ”Catella”) hereby announces that Catella’s up to SEK 750,000,000 senior unsecured callable floating rate bonds with ISIN SE0009994718 (the ”Bonds”), will be redeemed in advance in accordance with Clause 9.3 (Voluntary total redemption (call option)) of the terms and conditions of the Bonds.

The redemption date will be 26 March 2021. The redemption amount for each Bond shall be 101.20 per cent. of the Nominal Amount, plus accrued but unpaid Interest up to (and including) the applicable redemption date. The redemption amount will be paid to the Bondholders holding Bonds on the applicable record date (being 19 March 2021).

Catella’s obligation to redeem the Bonds on the redemption date is conditional upon that Catella, prior to the applicable record date, issue senior unsecured floating rate bonds on terms that are acceptable for Catella (the ”New Bonds”) and fulfilling the conditions precedent for disbursement of the net proceeds from the issue of the New Bonds, which are, among other things, to be applied towards financing the redemption of the Bonds.

The Bonds will be de-listed from the corporate bond list of Nasdaq Stockholm in connection with the redemption date and the last day of trade will be the date falling on or about 26 March 2021.

Attachment: Call Option Notice (in English).

 

For futher information, please contact the Issuer at:

Christoffer Abramson

CFO

+46 (0) 8 463 33 25

christoffer.abramson@catella.se

 

This information is information that Catella is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish securities markets act (2007:528). The information was submitted for publication, through the agency of the contact person set out above on 2 March 2021, at 9.01 a.m. CET.
Catella is a leading specialist in property investments and fund management, with operations in 13 countries. The group has assets under management amounted to SEK 130 billion at the end of the fourth quarter of 2020. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more online at catella.com.

Catella AB (publ) considers issuance of new senior unsecured bonds and announces tender offer regarding outstanding senior unsecured bonds

Posted on by Isabella

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW

Catella AB (publ) (“Catella” or the “Issuer”) has mandated ABG Sundal Collier AB and Nordea Bank Abp as joint bookrunners to arrange investor meetings to investigate the possibility of issuing new SEK denominated senior unsecured bonds with an expected volume of SEK 1,000 million under a framework of SEK 1,500 million with an expected tenor of 4.0 years (the “New Bonds”). Subject to market conditions, a transaction will follow.

In connection with the issue of New Bonds, Catella is offering holders of the Issuer’s outstanding senior unsecured floating rate bonds notes maturing on 15 June 2022 with an outstanding amount of SEK 750 million (ISIN: SE0009994718) (the “Existing Bonds”) to tender any and all of their Existing Bonds for purchase by the Issuer for cash (the “Tender Offer”) at a price of 101.30 per cent of the nominal amount, plus accrued and unpaid interest. The Existing Bonds will be repurchased subject to the terms and conditions described in a tender information document dated 2 March 2021 (the “Tender Information Document”).

The full terms and conditions of the Tender Offer can be found in the Tender Information Document, which is available in the following link catella.com/tender offer

The Tender Offer expires at 12:00 CET on 9 March 2021, unless extended, re-opened, withdrawn or terminated at the sole discretion of the Issuer. Settlement of the Tender Offer is expected to occur at or around 17 March 2021. The Issuer’s repurchase of Existing Bonds is conditional upon a successful issue of New Bonds and the conditions set forth in the Tender Information Document.

Holders of Existing Bonds who accept the Tender Offer will be eligible to receive a priority in the allocation of the New Bonds, subject to the terms set out in the Tender Information Document.

Conditional upon the consummation of a successful issue of the New Bonds, Catella will exercise its right to make a voluntary early redemption of the Existing Bonds which are not being tendered in the Tender Offer, in accordance with the terms and conditions of the Existing Bonds. The Existing Bonds will in such early redemption be redeemed at a price equal to 101.20 per cent of the nominal amount (plus accrued and unpaid interest).

The Issuer has mandated ABG Sundal Collier AB and Nordea Bank Abp as joint arrangers and bookrunners in respect of the issuance of the New Bonds and as dealer managers and tender agents for the Tender Offer. Roschier Advokatbyrå AB has been appointed as legal counsel.

Attachment: The Tender Information Document (in English).

 

Dealer Managers and Tender Agents:

ABG Sundal Collier AB                                                             Nordea Bank Abp

+46 8566 286 40                                                                      +45 6161 2996

dcm-syndicate@abgsc.se                                                          NordeaLiabilityManagement@nordea.com

 

For futher information, please contact the Issuer at:

Christoffer Abramson

CFO

+46 (0) 8 463 33 25

christoffer.abramson@catella.se

This information is information that Catella is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish securities markets act (2007:528). The information was submitted for publication, through the agency of the contact person set out above on 2 March 2021, at 9.00 a.m. CET.