Catella AB (publ) adjusts the result of Q4 2020 with equity improvements

Catella AB (publ), through Catella Bank (currently in wind down), has had a holding of series A convertibles in Visa Inc. The holding has been converted to Series A preferred stock, which was divested as of March 2021.
The capital gains from the sales amounted to SEK 87 million. Additional information concerning the holding of series A convertibles in Visa Inc. present at balance sheet day, has caused a revaluation resulting in a positive value adjustment of SEK 81 million. The adjustment is accounted for in the post Other comprehensive income in Q4 2020 and affects the equity within the Group as of 31 December 2020.

The adjustment is solely due to a transaction with VISA dating from 2016 and accounts to Catella Bank which is winding down.

 

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 April 8, 2021.

For more information, please contact:
Christoffer Abramson
Incoming CEO
+46 (0) 8 463 33 25
christoffer.abramson@catella.se

Mattias Brodin
CFO
+46 (8) 463 33 10
mattias.brodin@catella.se

Catella is a leading specialist in property investments and fund management, with operations in 13 countries. The group has assets under management of approximately SEK 130 billion. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more online at catella.com

Management changes in Catella AB (publ)

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.

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

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

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.

Christoffer Abramson new CEO and President at Catella AB (publ)

The Board of Catella has appointed Christoffer Abramson as CEO and President of Catella Group. Christoffer will begin his role no later than by the Annual General Meeting, May 25 2021. Christoffer has been the Chief Financial Officer since October 15 2020.

”The Board of Catella is delighted to announce the appointment of Christoffer Abramson to the position of CEO of Catella Group. Over the past four months, Christoffer has not only transformed our finance function but also helped us accelerate our strategic repositioning toward a more focused Catella within real estate. With a strong combination of transforming organizations, improving financial efficiency, and driving profitable growth strategically and tactically through controlled risk, we are certain that Christoffer is the right person to take Catella to the next level. I have enjoyed working closely with Christoffer and look forward to working with the entire Catella team as member of the Board after a transition period during the spring.” says Johan Claesson, acting CEO, board member and main owner.

”I am honoured and incredibly excited to have been asked by the Board to continue to work with the entire Catella team as CEO. There is enormous potential and competence within Catella and I am immensely proud to work with such entrepreneurial and ambitious people. Catella’s over 550 employees all work together with strong momentum to deliver creative solutions to all our partners and customers along the value chain of real estate and alternative investing. I would like to thank Johan Claesson and the rest of the Board for patiently guiding me into the Catella Group. Our goal is now to deliver strong growth to our customers and investors alike by strengthening our core offerings and by leveraging all our products and services even more across Europe.” says Christoffer Abramson, CFO and incoming CEO.

Prior to joining Catella Group as Chief Financial Officer, Christoffer was part of building a global real estate group within EF based in the USA. He earlier worked as an operating executive for several Private Equity funds in London and Paris. Christoffer began his career at General Electric where he spent 10 years in various roles, most recently as CFO of GE Real Estate in London.

Necessary approval is required from the regulator CSSF in Luxembourg before final access can take place.

 

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 17.15 CET on 24 February 2021.

For futher information, please contact:

Johan Claesson                                                                    Jan Roxendal
Acting CEO and member of the Board                             Chairman of the Board
+46 (0) 70 547 16 36                                                            +46 (0) 8 463 33 10
johan.claesson@catella.se

Christoffer Abramson
CFO
+46 (0) 8 463 33 25
christoffer.abramson@catella.se

Catella is a leading specialist in property investments and fund management, with operations in 14 countries. The group has assets under management amounted to SEK 135,8 billion at the end of the third quarter of 2020. Catella is listed on Nasdaq Stockholm in the Mid Cap segment. Read more online at catella.com.