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INTERIM REPORT JANUARY – JUNE 2020

Interim report for January-June 2020 was published at 08.00 CEST on August 26.

Press releases

  • Odd Molly logo
    August 26, 2020

    Odd Molly acquires two more logistics properties with an underlying property value of SEK 160 million and plans to carry out directed new issues of just above SEK 57 million

    Odd Molly International AB (publ) Stockholm, August 26, 2020   Odd Molly International AB (publ) ("Odd Molly" or the company) has today entered into an agreement to acquire two logistics properties. The property portfolio comprises a lettable area of 23,790 square meters and generates annual rental income of approximately SEK 13.8 million and net operating income of approximately SEK 10.7 million. The underlying property value amounts to approximately SEK 160 million. The transaction is made through two company acquisitions whereas Trenäs Förvaltning AB ("Trenäs") owns 100 percent of one company, while the other company has two other owners in addition to Trenäs (together the "sellers"). Closing is scheduled for October 22, 2020. In connection with the closing of the transaction, Odd Molly plans to carry out a directed new issue of 3,750,000 new common shares of Series A at a subscription price of SEK 8.00 per share to Trenäs, subject to the approval of the Extraordinary General Meeting of Odd Molly, and a directed cash new issue of a total of 3,400,000 new common shares of Series A at a subscription price of SEK 8.00 per share to a group of international investors led by the insurance company The Phoenix Insurance Company Ltd (together  “Phoenix”) , within the framework of the existing authorization. In total, new issues of just over SEK 57 million are planned.
  • Odd Molly logo
    August 26, 2020

    Increased focus on real estate, continued pick-up in results in fashion operations despite large effects from the pandemic

    Odd Molly International AB (publ) Stockholm, Sweden, August 26, 2020
  • Odd Molly logo
    May 7, 2020

    Conversion to digital channels pay off – substantial pick-up in results in the quarter

    Odd Molly International AB (publ) Stockholm, Sweden, May 7, 2020

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