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 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.
|#||Shareholders||Ordinary Shares||Preference shares||Capital||Votes|
|1||Egonomics AB||10 091 340||50 000||18,2%||20,5%|
|2||Fastighets Aktiebolag Bränneröd||6 139 018||85 370||11,2%||12,5%|
|3||Rocet AB||3 847 334||30 000||7,0%||7,8%|
|4||LMK-bolagen & Stiftelse||3 552 714||1 402 222||8,9%||7,5%|
|5||Swedbank Robur Fonder (Småbolagsfonden Norden)||2 037 700||-||3,7%||4,1%|
|6||Bosmac Invest AB||2 400 666||-||4,3%||4,9%|
|7||Bernt Lundberg Fastigheter Lund AB||1 980 000||150 000||3,8%||4,1%|
|8||JP Morgan Securities, New York||1 942 008||-||3,5%||4,0%|
|9||Mats Invest AB||1 630 000||156 000||3,2%||3,4%|
|10||Leif Edlund||1 333 334||-||2,4%||2,7%|
|Other||13 508 782||5 401 025||33,9%||28,5%|
|Total||48 462 896||7 274 617||100,0%||100,0%|
Quartiers Properties AB (publ) is a Swedish public property company, with registered offices in Stockholm, whose shares are listed on Nasdaq First North 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.
Investor presentation December 2018
CBRE valuation report 2018
Articles of association Quartiers Properties AP (PUBL)
Board of directors and Management team
BOARD OF DIRECTORS
(more coming soon)
|ANNUAL REPORT FOR THE BUSINESS YEAR 2018||08-05-2019|
|ANNUAL GENERAL MEETING 2019||29-05-2019|
|INTERIM REPORT JAN - JUN 2019||31-07-2019|
|YEAR-END REPORT JAN - DEC 2019||28-02-2020|
Marcus Johansson Prakt blir ordinarie VD för kraftigt expanderande Quartiers Properties
Från och med 5 september blir Marcus Johansson Prakt ordinarie VD för Quartiers Properties AB (publ). Marcus, som varit tillförordnad VD sedan maj 2018 ska fortsätta leda Quartiers utvecklingsarbete på den spanska solkusten. Under hans tid som tillförordnad VD har bolagets substansvärde per stamaktie ökat från 6,98 SEK per aktie till 7,56 SEK per aktie.Read more
Quartiers Properties öppnar Boho Restaurang på fastigheten Centro Forestal Sueco imorgon den 29 augusti
Quartiers Properties AB (publ) (”Quartiers Properties” eller ”Bolaget”) kommer att öppna restaurangen i projekt Boho Club för allmänheten den 29 augusti 2019. Öppningen markerar en viktig milstolpe i Bolagets arbete med fastigheten som förvärvades 2017.Read more
Information is coming soon