Reference is made to the stock exchange notice by Storm Real Estate ASA (the "Company") on 8 December 2020, regarding launch of a fully underwritten private placement of NOK 300 million at NOK 7 per share.
Stig Wærnes, Chairman of the Board of Directors of KMC Properties, who will also be member of the Board of the combined entity, has subscribed for 142,857 shares through the company Snewær AS. Following completion of the private placement, he holds 142,857 shares.
Liv Malvik, Chief Executive Officer (CEO) of KMC Properties, who will also be the CEO of the combined entity, has subscribed for 14,286 shares. Following completion of the private placement, she holds 14,286 shares.
For further information, please contact:
Charlotte Knudsen, Communication and IR, KMC Properties, tel: +47 9756 1959
About Storm Real Estate ASA
Storm Real Estate ASA is a Norway-based investment company active in the real estate sector. The company is quoted on the main list at the Oslo Stock Exchange (ticker STORM).
About KMC Properties AS
KMC Properties is a real estate company focusing on industrial- and logistic properties. The company has a diversified real estate portfolio consisting of 39 properties in the Nordics and in the Netherlands. The properties have long lease agreements (WAULT of approx. 11.8 years) with solid tenants, strategically located to key customers and key areas for the tenants.
KMC Properties has a portfolio value of approximately NOK 3 billion and an ambitious strategy to grow the portfolio. The company will grow through both expansion and development of existing properties, as well as M&A initiatives.