On 19 February 2025, Akelius Foundation, through its wholly-owned subsidiary Akelius Apartments, announced a recommended public cash offer to acquire all D shares in Akelius Residential Property AB for EUR 1.9 in cash per D share. The Offer is now closed. Akelius Apartments has decided to complete the offer.

As of 20 March 2025, the Offer has been accepted by holders of 59,282,737 D shares, corresponding to approximately 26.95 per cent of the total number of D shares, approximately 0.93 per cent of the total number of shares and approximately 0.10 per cent of the total number of votes in Akelius Residential Property. As a result, Akelius Apartments controls in total 6,379,727,994 shares in Akelius Residential Property, of which 6,170,000,000 A shares and 209,727,994 D shares, corresponding to approximately 99.84 per cent of the total number of shares and approximately 99.98 per cent of the total number of votes in Akelius Residential Property.

All conditions are satisfied or have been waived. Payment of consideration for D shares tendered in connection with the Offer as of 20 March 2025 is expected to commence on or around 28 March 2025.

Akelius Apartments now holds more than 90 per cent of the shares in Akelius Residential Property, Akelius Apartments therefore intends to initiate a compulsory redemption procedure in accordance with the Swedish Companies Act (Sw. aktiebolagslagen (2005:551)) to acquire the remaining D shares in Akelius Residential Property. In connection with such a redemption procedure, Akelius Apartments intends to promote a delisting of the D shares in Akelius Residential Property from Nasdaq First North Growth Market.

Akelius Apartments has engaged Linklaters as legal advisor in connection with the offer.