Date: 15 September 2015, 15:00
The General Meeting in Norlandia Care Group AS has
today decided to pay out dividends in the form of
preference shares in Pioneer Property Group ASA
(PPG PREF). Hospitality Invest AS will receive
166,036 preference shares. The shares will be
transferred within a short period of time.
Following the transaction, Hospitality Invest AS
and HI Capital AS (100% owned by Hospitality Invest
AS) will have a combined holding of 2,175,525
ordinary shares and 381,466 preference shares.
Total holding will be 2,556,991 shares,
corresponding to 15.67% of total outstanding
shares. As a result, Hospitality Invest AS exceeds
the threshold of 15%, as referred to in the
Norwegian Securities Trading Act Section 4-2.
Following the transaction, Hospitality Invest AS
controls 21.15% of the voting rights in Pioneer
Property Group ASA.