Catena has today acquired the Björröd 1:208 property. The property of just over 7,500 square metres is fully leased to Liseberg AB.
Catena’s financial targets and guidelines brings stability to the company’s business model and contributes to strengthen the company’s financial position. By updating the targets in the Finance policy, conditions are created for continued growth.
As a result of the private placement completed by Catena on March 31, 2021, the documentation in preparation of the AGM regarding the Board’s opinion on payment of dividends will be adjusted.
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SWITZERLAND OR THE UNITED STATES OF AMERICA, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. The board of directors of Catena AB (publ) (”Catena” or the “Company”) has, based on the authorisation granted by the annual general meeting on April 29, 2020, resolved on a directed issue of 3,000,000 shares at a subscription price of SEK 360 per share (the “Share Issue”). The subscription price has been determined through an accelerated book building procedure and corresponds to a discount of 6.5 percent to the closing share price on March 31, 2021. Compared to the long-term net asset value per share of SEK 245.08 as of December 31, 2020, the subscription price corresponds to a premium of 47 percent. Upon settlement of the Share Issue, Catena will receive gross proceeds of SEK 1,080 million.
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SWITZERLAND OR THE UNITED STATES OF AMERICA, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. Catena AB (publ) (”Catena” or the “Company”) intends to carry out a directed issue of up to 3 million new shares (the “Share Issue”), to Swedish and international institutional investors, through an accelerated book building procedure and has appointed ABG Sundal Collier and Kempen & Co as Joint Bookrunners in connection with the Share Issue.
In accordance with previously published information, the number of shares and votes in Catena AB (publ) has increased.
Catena’s Annual and Sustainability Report for 2020 has now been published and is available at the company’s website.
Shareholders of Catena AB (publ) are hereby invited to attend the Annual General Meeting on 29 April 2021.
In preparation for the Annual General Meeting of Catena AB (publ) on 29 April 2021, the company’s Nomination Committee announces its proposal regarding Chairman of the Board and other Board members.
In accordance with the company’s previous press release of 22 February 2021, Catena has now gained possession of six logistics properties valued at SEK 815 million with deferred taxes having been deducted. Under the authorisation given to the Board of Directors by the 2020 Annual General Meeting, 527 911 new shares in Catena will now be issued.
Catena is acquiring six logistics properties for a combined property value of approximately SEK 815 million following deductions for deferred taxes. The purchase consideration will be paid in part through newly issued shares in Catena.
Catena showed strong earnings for 2020, maintaining a stable cash flow trend and high value growth. While the Corona pandemic has entailed everyday challenges for Catena, it has also brought new business opportunities and growing interest in logistics properties.
Catena is investing a further SEK 300 million in the Morgongåva business park after today signing an agreement with Morgongåva Företagspark regarding a new project to construct another e-commerce facility in the area.
Catena is constructing a new logistics facility for Kyl- och Frysexpressen Nord at a strategic logistics location in Luleå, in northern Sweden, representing an investment of approximately SEK 70 million.
Catena has signed an agreement to divest the Godsvagnen 6 property.
Catena has signed a supplementary agreement with tenant Nelly to finance the automation solution for Nelly’s new logistics facility, an investment of approximately SEK 84 million.
The Board of Directors of Catena has appointed Jörgen Eriksson as the company’s new CEO. Jörgen will step into his new role on 1 November, succeeding Benny Thögersen who announced on 21 September that he will be leaving Catena.
Catena is acquiring a newly constructed property in Borås, into which fashion company NELLY will move. The property is being sold by Logistic Contractor.
After a number of intensive years at Catena, of which the past three as President and CEO, Benny Thögersen has informed the Board of Directors of Catena that he has decided to leave the Company.
Online pharmacy MEDS will be moving into one of Catena’s logistics properties at a strategic location in the Västberga industrial area in Stockholm.
Delivery company Instabox is currently moving into two Catena facilities, one in Umeå and the other in Sundsvall.
Bring, one of the largest logistics players in the Nordic region, is moving into Catena's facility at the Västberga industrial site in Stockholm.
Ulf Stanley has been recruited to head and further develop Catena’s work with detailed planning processes.
At Logistics Position Sunnanå, the level of activity continues to rise, with Scandinavian Cosmetics, Rechon Life Science and Padel Crew now moving into the last of the vacant premises in Catena’s recently constructed multi-tenant warehouse.
Ecolean now joins those moving into the distinguished eight-storey building that serves as a landmark at Råå in Helsingborg.
Catena’s property operations are organised into five regions, safeguarding their proximity to customers and local players. Jonas Arvidsson has now been appointed as the new Regional Manager for the Gothenburg and Jönköping regions.
Catena is to construct a new, efficient logistics facility for Seafrigo at a strategic logistics location by the E4 motorway in Åstorp.
To ensure that Catena’s property operations are conducted in close interaction with customers and local players, they are organised into five regions. Fredrik Renå has been appointed as the new Regional Manager for Malmö.
As a step in securing Catena’s continued growth in the region, Catena has signed an agreement to acquire a plot of land in the Municipality of Jönköping.
Catena is implementing changes in its management team to get closer to customers, secure effective management and to focus further on site and project development.
Given the altered circumstances in the market, Catena AB and Coop Logistik AB have agreed not to fulfil the letter of intent previously established between the parties.
The ambition is for all of Catena’s future construction projects and, in the long term, existing buildings are to be certified in accordance with Miljöbyggnad Silver.
Shareholders of Catena AB (publ) are hereby invited to attend the Annual General Meeting on Wednesday, 29 April 2020 at 4.00 p.m. at the World Trade Center, Klarabergsviadukten 70 in Stockholm, Sweden.
In preparation for the Annual General Meeting of Catena AB (publ) on 29 April 2020, the company’s Nomination Committee announces its proposal regarding Chairman of the Board and other Board members.
Summing up 2019, we see continued positive development in all parts of the operations. A key prerequisite is our active project development work, which includes investments in both new facilities and existing holdings.
Catena has signed an agreement with Folkpolarna to acquire a property in Järna, in the municipality of Södertälje. The property is directly adjacent to land that Catena intends to develop for logistics purposes.
Changes are to be implemented in Catena’s management following Johan Franzén’s decision to leave the company – Johan has been Regional Manager since 2013.
Catena AB and Coop Logistik AB have agreed on continuing a dialogue where the intention is for Catena to acquire a property and construct a 105,000 sqm automated warehouse in the municipality of Eskilstuna.
Catena is today acquiring three properties in Hilleröd, Horsens and Odense in Denmark. The properties are being sold by PostNord which is also a tenant at the relevant locations.
Catena is investing SEK 32 million in an extension for tenant DHL Freight at its existing terminal located just outside Malmö.
Today, Catena broke ground on its latest project at Logistics Position Sunnanå, near Malmö – an air cargo facility for DHL Express.
Catena joins Södertuna Utveckling AB with a 50-percent holding. The purpose is to develop 1,000,000 square metres of land in Järna (in the Municipality of Södertälje) for logistics purposes.
Catena appoints Sofie Bennsten as Deputy CEO and CFO. Sofie will succeed the current Deputy CEO and CFO, Peter Andersson, who has expressed his desire to reduce his current involvement following many successful years in this position. Peter will continue to be involved in Catena in a new role as Head of Treasury. In connection with this change, Jörgen Eriksson, Regional Manager Malmö, will be appointed Deputy CEO of the company. All of these management changes will be implemented at the end of April 2020.