Oslo, 3 November 2016
Hospitality Invest AS and Norlandia Care Group AS, a
company controlled by Hospitality Invest AS, (together
the "Vendor"), have today sold 500,000 preference
shares in Pioneer Property Group ASA (the "Company"),
representing 7.69 percent of total outstanding
preference shares and 0.48 percent of the voting
rights in the Company. The shares were sold at a price
of NOK 97 per share.
Following the completion of the sale, Hospitality
Invest AS will hold 10,000 preference shares,
corresponding to 0.15 percent of total outstanding
preference shares in Pioneer Property Group ASA, and
Norlandia Care Group AS will hold 99,369 preference
shares, reducing its holding from 7.68 percent to 1.53
percent of total outstanding preference shares in
Pioneer Property Group ASA. Norlandia Care Group's
total voting rights in the Company are reduced from
15.12 percent to 12.67 percent.
Hospitality Invest AS' consolidated group ownership of
preference shares (including HI Capital AS and
Norlandia Care Group AS) is reduced from 790,835
preference shares, corresponding to 12.17 percent, to
290,835 preference shares, corresponding to 4.47
percent of total outstanding preference shares in the
Company. Hospitality Invest AS' consolidated group
voting rights in Pioneer Property Group ASA are
reduced from 40.35% to 39.87%.
Roger Adolfsen, who 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.
For further information, please contact:
Roger Adolfsen (CoB PPG PREF)
roger@norlandia.no
Kristoffer Lorck (CFO)
kristoffer.lorck@hospitalityinvest.no