Exercise of the over-allotment option in the IPO of Hemnet
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Stockholm, 4 May 2021: Morgan Stanley & Co. International plc, Carnegie Investment Bank AB (publ), Citigroup Global Markets Europe AG, Barclays Bank Ireland PLC and Nordea Bank Abp, filial i Sverige (together the "Managers") have today notified Hemnet Group AB (publ) ("Hemnet"), General Atlantic RR B.V. (together with its affiliated investment entities, "General Atlantic") and Sprints Euphrasia S.à r.l. ("Sprints Capital") that the over-allotment option has been exercised in full and that the stabilisation period has ended.
In connection with the initial public offering of Hemnet and the listing of Hemnet's shares on Nasdaq Stockholm on 27 April 2021 (the "Offering"), General Atlantic and Sprints Capital granted the Managers an option to purchase up to 1,789,040 additional existing shares in Hemnet to cover any over-allotment in connection with the Offering (the "Over-Allotment Option"), exercisable in whole or in part within 30 days after the date on which the Hemnet shares commenced trading on Nasdaq Stockholm. The Over-Allotment Option has been exercised in full.
No price stabilisation activities have been carried out since the Offering, and due to Hemnet's share price performance Morgan Stanley & Co. International plc has, as stabilisation agent on behalf of the Managers, decided to end the stabilisation period.
For further information please contact:
Carl Johan Åkesson, CFO
M: +46 708 30 70 57
Nick Lundvall, IR Manager & Head of Corporate Development
M: +46 76 145 21 78
This disclosure contains information that Hemnet is obliged to make public pursuant to the EU Market Abuse Regulation (EU No 596/2014). The information was submitted for publication, through the agency of the contact persons set out above, at 17:45 CEST on 4 May 2021.
This announcement does not constitute an offer of securities for sale in any jurisdiction.
This announcement does not constitute a prospectus in any jurisdiction, including for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (together with any related implementing and delegated regulations, the “Prospectus Regulation”), and has not been approved by any regulatory authority in any jurisdiction. A prospectus has in connection with the Offering been prepared and published by the Company on the Company’s website. Investors should not invest in any securities referred to in this announcement except on the basis of information contained in the aforementioned prospectus.
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This announcement does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, the shares and/or any other securities referred to in this announcement in the United States including its territories and possessions and any state of the United States. The shares and/or any other securities referred to in this announcement have not been and will not be registered under the Securities Act, or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The offer and sale of the securities referred to herein has not been and will not be registered under the applicable securities laws of Australia, Canada, Japan or South Africa. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada, Japan or South Africa or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, Japan or South Africa. There has been no and will be no public offer of securities in the United States, Australia, Canada, Japan or South Africa.
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