Date: 30 September 2016
Hospitality Invest AS has on 30 September 2016
purchased 110,000 preference shares in Pioneer
Property Group ASA (PPG PREF) at a price of NOK 97.00
per share. The purchase was completed in a private
transaction with the seller being Norlandia Care Group
AS, a company controlled by Hospitality Invest AS.
Roger Adolfsen is a major shareholder in Hospitality
Invest AS, holds the position as Chairman of the Board
of Pioneer Property Group ASA and is defined as
primary insider subject to disclosure duties under the
Norwegian Securities Trading Act Section 4-2.
Following the transaction, Hospitality Invest AS will
own 110.000 preference shares (1.69%), whereas
Norlandia Care Group AS will own 499,369 preference
shares (7.68%).
Hospitality Invest AS' consolidated ownership in
Pioneer Property Group ASA remains unchanged.
For additional information, contact:
Kristoffer Lorck
CFO, Hospitality Invest AS
+47 93 02 88 18
Olav Braaten
CFO, Norlandia Care Group AS
+47 41 31 90 31
Martin Hoff
CFO, Pioneer Property Group ASA
+47 47 21 47 21