Logistea AB (publ) (OM:LOGI A) entered into agreement to acquire Property at Åmål 6:78 in Åmål from a fund managed by SlÄTtö FÖRvaltning Ab on May 3, 2024. The property Åmål 6:78 has an underlying property value of SEK 185 million. Under the terms of agreement, SEK 78 million of the purchase price is paid through a directed share issue to the seller Slättö at a subscription price of SEK 14 per share. The acquisition is financed through a directed issue of 5,657,666 class B-shares in Logistea at a subscription price of SEK 14.00 per share as well as bank loans. Following the directed issue of shares, funds managed by Slättö will hold 20.2 percent of the capital and 22.3 percent of the votes in Logistea. In a related transaction, Logistea has today also entered into an agreement regarding the acquisition of a property in Borås with an underlying property value of SEK 52 million. The annual rental income amounts to approximately SEK 15.3 million. The transaction is considered as a closely related transaction in accordance with Chapter 16 a in the Swedish Companies Act due to Logisteas board member Erik Dansbo is the CIO of Slättö and a fund managed by Slättö is the indirect owner of the acquired property. Hence, the transaction is conditional upon the approval at an extraordinary general meeting in Logistea.

Closing of the transaction is expected to take place during the second quarter of 2024.