15 May 2026 – Reference is made to the stock exchange announcement published by Public Property Invest ASA ("PPI ASA") on 30 April 2026, informing that both Nasdaq Stockholm and Euronext Oslo Børs had, subject to fulfillment of customary conditions, approved PPI Public Property Invest AB's ("PPI AB") applications for admission to trading, and that the cross-border merger between PPI ASA and PPI AB (the "Merger") would be completed on or about 15 May 2026.
PPI is pleased to inform that the Merger has been completed. As a result of the completion of the Merger, PPI AB has been transferred all of PPI ASA's assets, rights and liabilities, and PPI AB is the new parent company for the PPI group.
The shareholders of PPI ASA as of the completion of the Merger, i.e. today 15 May 2026 (as recorded in PPI ASA's shareholder register in Euronext Securities Oslo on 19 May 2026), will have their shares, regardless of whether they hold ordinary shares (A shares) or non-voting shares (B shares), exchanged for shares in PPI AB at a ratio of 1:1.
Subject to the fulfilment of the customary conditions, the first day of trading in PPI AB's shares on Nasdaq Stockholm will be 20 May 2026, and the first day of trading in PPI AB's shares on Euronext Oslo Børs (secondary listing) will be 21 May 2026.
With effect from today, 15 May 2026, PPI AB will assume the debtor position under the bonds issued by PPI ASA, including the two bonds listed on Euronext Oslo Børs with ISIN NO0013471730 and ISIN NO0013646927.
This information is subject to the disclosure requirements of Section 5-12 of the Norwegian Securities Trading Act.