Shares

Quartiers Properties has two outstanding share types in the form of ordinary shares and preference shares. The ordinary and preference shares in Quartiers Properties have been traded on Stockholm’s Nasdaq First North Growth Market since 21 June 2017. The preference share series was pre­viously traded on NGM Nordic MTF.

The two share types allow opportunities for two separate investment approaches. The preference share genera­tes an annual quarterly dividend of around 10.7 percent (based on the share price at 31 December 2018), but has a theoretically limited upside as the company is able to re­deem the preference shares at a premium of 20 percent, corresponding to SEK 12 per share.

A direct investment in a property in Spain can in many cases be perceived as complicated and incur significant transaction costs. An investment in Quartiers’ ordinary shares is an opportunity to expose your share portfolio to Spain’s growing property market, and in particular on the Spanish Costa del Sol, which is the location of the company’s existing property portfolio.

Quartiers’ long-term ambition is to consolidate its po­sition in the Spanish property market and it is the only Swedish property company operating in Spain with sha­res that can be traded on one of the Swedish marketpla­ces, including the Stockholm Stock Market, NGM Nordic MTF, Aktietorget and Nasdaq First North Growth Market.

Certified Adviser
Mangold Fondkommission AB tel. +46 8-503-015-50

Nasdaq First North Growth Market
Nasdaq First North Growth Market is a registered SME growth market, in accordance with the Directive on Markets in Financial Instruments (EU 2014/65) as implemented in the national legislation of Denmark, Finland and Sweden, operated by an exchange within the Nasdaq group. Issuers on Nasdaq First North Growth Market are not subject to all the same rules as issuers on a regulated main market, as defined in EU legislation (as implemented in national law). Instead they are subject to a less extensive set of rules and regulations adjusted to small growth companies. The risk in investing in an issuer on Nasdaq First North Growth Market may therefore be higher than investing in an issuer on the main market. All issuers with shares admitted to trading on Nasdaq First North Growth Market have a Certified Adviser who monitors that the rules are followed. The respective Nasdaq exchange approves the application for admission to trading.

#Shareholders - September 30, 2019Ordinary SharesPreference sharesCapitalVotes
1Egonomics AB10 091 34050 00018,2%20,5%
2Fastighets Aktiebolag Bränneröd6 139 01885 37011,2%12,5%
3LMK-bolagen & Stiftelse4 779 7141 402 22211,1%10,0%
4Rocet AB3 847 33430 0007,0%7,8%
5Bosmac Invest AB2 400 666-4,3%4,9%
6Bernt Lundberg Fastigheter Lund AB 1 980 000150 0003,8%4,1%
7Swedbank Robur Fonder (Småbolagsfonden Norden)1 903 700-3,4%3,9%
8Libra Advisors LLC1 730 800-3,1%3,5%
9Mats Invest AB1 630 000156 0003,2%3,4%
10Leif Edlund1 333 334-2,4%2,7%
Other13 508 7825 401 02533,9%28,5%
Total48 462 8967 274 617100,0%100,0%

Financial information

2019

Interim report Jan – June 2019

External Analysis

2019

TradeVenue | 2019 | External Report

Corporate governance

Quartiers Properties AB (publ) is a Swedish public property company, with registered offices in Stockholm, whose shares are listed on Nasdaq First North Growth Market in Stockholm. The external framework for corporate governance is the Swedish Companies Act, the Articles of Association and Nasdaq’s rules for issuers on First North. Prior to the listing on First North, which took place in June 2017, the company complied with NGM Nordic MTF’s rules for issuers. The company complies with internal regulations issued by the Board, the most important of which include the Board’s rules of procedure, the CEO instructions and the company’s inside information policy. The company is not obliged to apply the Swedish Corporate Governance Code.

Principles of corporate governance within Quartiers Properties

Corporate governance within Quartiers Properties aims to support the Board of Directors and management in ensuring that all operations create long-term value for shareholders and other stakeholders.

Governance involves upholding:

  • an efficient organisational structure;
  • risk management and internal control systems; and
  • transparent internal and external reporting.

Shareholders and the Annual General Meeting

Shareholders’ influence in the company is exercised at the Annual General Meeting, which is the company’s highest decision-making body. At the AGM, each shareholder votes by right of the num­ber of votes associated with the share type held. Quartiers Properties has two classes of share: ordinary shares carrying ten votes, and preference shares carrying one vote. At the publication date of the annual accounts, the company has 48,462,896 ordinary shares corresponding to 484,628,960 votes, and 7,274,617 preference shares corresponding to 7,274,617 votes. There are consequently a total of 55,737,513 shares and a total of 491,903,577 votes in the company.

Board of Directors:

The company’s Articles of Association state that the Board of Directors shall comprise a minimum of three and maximum of nine members, including the Chairman. The Board currently consists of four ordinary members, including two members who are independent in relation to both the company and company management, as well as the company’s major shareholders. One member is independent in relation to the company and company management, and one member is independent in relation to the company’s major shareholders. The company’s Board of Directors is elected at the AGM. The election of the Board relates to the period extending up to and including the next AGM. The company does not appoint any special committees for auditing or remuneration issues, as the entire Board is engaged in these matters. The Board shall monitor operations and actively support the development of the company. The Board is composed of individuals with expertise and experience in business development, marketing, property and project develop­ment, financing and capital market issues. The Chairman of the Board ensures that the Board per­forms its duties. The Chairman also monitors operations in consultation with the CEO and is responsible for en­suring that other Board members receive the information required in order to facilitate discussion and decisions of high quality. The Chairman is also responsible for evalu­ating the work of both the Board and the CEO.

2019

Proxy form Annual General Meeting 2019

Notice of Annual General Meeting 2019

Corporate information

Investor presentation December 2018

CBRE valuation report 2018

Articles of association Quartiers Properties AP (PUBL)

Board of directors and Management team

BOARD OF DIRECTORS

Jörgen Cederholm
JIMMIE HALL
Andreas Bonnier
Sten Andersen

MANAGEMENT TEAM

Marcus Prakt
MARIA CEPERO
LARS ÅKE OLOFSSON
HENRIC PERSSON
Antonio Díaz-Barceló

AUDITORS

Henrik Boman

Öhrlings PriceWaterhouseCoopers AB. Since 2015

NOMINATING COMITTEE

The Nominating Committee for the 2019 Annual General Meeting is comprised of Andreas Bonnier (shareholder representative of Egonomics AB), Jörgen Cederholm (shareholder representative of Fastighets Aktiebolag Bränneröd) and Mats Lundberg (as representative of Fastighets Aktiebolag Bränneröd and Mats Invest AB). Andreas Bonnier is the chairman of the Nominating Committee.

Financial calendar

ANNUAL REPORT FOR THE BUSINESS YEAR 201808-05-2019
ANNUAL GENERAL MEETING 201929-05-2019
INTERIM REPORT JAN - JUN 201931-07-2019
YEAR-END REPORT JAN - DEC 201928-02-2020

Press Releases

Quartiers Properties’ press releases are always available first in Swedish according to stock market regulations and are thereafter voluntarily translated by the company into English and published on the website. Click here to see Swedish press releases.

Quartiers Properties appoints new expanded management team

Marcus Johansson Prakt took on the role of permanent CEO of Quartiers Properties earlier in September, and today the company is presenting its new management team. “This management team will allow us every opportunity to continue to grow. It’s a group of extremely experienced and talented individuals who complement one another well,” said Marcus Johansson…

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Marcus Johansson Prakt appointed permanent CEO of vigorously expanding property company Quartiers Properties

As of 5 September, Marcus Johansson Prakt will be the permanent CEO of Quartiers Properties AB (publ). Marcus, who has held the position of Interim CEO since May 2018, will continue to lead Quartiers’ development work on Spain’s Costa del Sol. During his time as Interim CEO, the company’s net asset value per ordinary share…

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Shareholders program

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Investor Relations Contact