Real estate investment company Fastator has announced that the directed share issue, approved at the extraordinary general meeting on 18 December last year, has been fully subscribed. This was revealed in a press release.

The directed share issue was subscribed by bondholders and is linked to the company's recapitalisation.

Fastator is issuing 12.50 million preference shares and 250 million ordinary shares. Payment will be made through the set-off of claims, with a reduction of debt. Following the issue, the company will have 340.21 million shares outstanding.

Fastator has also called for an extraordinary general meeting on 28 January. The board is seeking authorisation from the meeting to resolve on a new share issue of up to 35 million shares at a subscription price of SEK 1.90 per share, in connection with the announced restructuring of the company's outstanding bonds.