Unternehmenszentrale Vonovia
Press Release

Vonovia requests initiation of compulsory acquisition of minority shares in Victoria Park

  • Vonovia has requested the initiation of a compulsory acquisition proceeding to acquire all remaining shares in Victoria Park.
  • The Board of Directors of Victoria Park has resolved to apply for a delisting of the ordinary class A and class B shares in Victoria Park.
  • The Board of Directors of Victoria Park has resolved to convene an Extraordinary General Meeting for the purpose of resolving to redeem all outstanding preference shares.

Bochum, May 24, 2019 – Vonovia SE (“Vonovia”) previously announced that Vonovia has exercised call options, resulting in a shareholding exceeding 90 per cent of the shares and votes in Victoria Park AB (publ) (“Victoria Park”).

Vonovia has requested that the Board of Directors of Victoria Park shall initiate a compulsory acquisition proceeding for the remaining shares in Victoria Park in ac-cordance with the Swedish Companies Act (Sw. ak-tiebolagslagen (2005:551)). Vonovia con-trols approximately 91.4 per cent of the total number of shares in Victoria Park.

As a consequence of Vonovia controlling more than 90 per cent of the shares in Victoria Park, and the request from Vonovia to initiate a com-pulsory acquisition proceeding for all remaining shares in Victoria Park, the Board of Directors of Victoria Park has resolved to apply for delisting of the Victoria Park ordinary shares of class A and class B from Nasdaq Stockholm. The last day of trading in the class A and class B shares on Nasdaq Stockholm is expected to be on or around 17 June 2019.

The Board of Directors of Victoria Park has resolved to propose an Ex-traordinary General Meeting to resolve on a redemption of all 1,032,047 preference shares, in accordance with section 5.4 of the Articles of Association, for a redemption price of SEK 300 per preference share.

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