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Qben Infra Calls EGM to Vote on Norwegian Unit Sale and Convertible Issue

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QBENSEK 5.68 −3.73%

Qben Infra AB (OMXSTO:QBEN) has convened an extraordinary general meeting on October 28, 2026, to seek shareholder approval for two major financial proposals. Shareholders will vote on the proposed sale of all shares in Qben Real Estate Norway AS, including subsidiary Team Bygg AS, to Emercor AS. In addition, the meeting will vote on approving the second tranche of a directed convertible loan facility first announced in September 2026.

The intended divestment forms part of ongoing efforts to strengthen the company balance sheet. Completing the sale is expected to reduce consolidated debt by approximately NOK 33.8 million and transfer existing project guarantee obligations to the buyer. The purchase consideration is structured as a performance-based earn-out of up to NOK 100 million over 30 months. Because the buyer is connected to a company board member, and the convertible issue involves special placement rules, both proposals require approval under Swedish Leo-rules.

Investors will monitor the outcome of the October 28 vote in Stockholm, where both measures require at least a nine-tenths majority of votes and shares represented. Subject to shareholder approval and closing conditions, the real estate unit sale is targeted for completion by the end of October 2026.

Key points

  • Qben Infra AB scheduled an extraordinary general meeting for October 28, 2026, in Stockholm.
  • Shareholders will vote on selling Qben Real Estate Norway AS to Emercor AS for up to NOK 100 million in conditional earn-out payments.
  • The sale is expected to lower group debt by approximately NOK 33.8 million and reduce project guarantee exposures.
  • The meeting will also consider approving the second tranche of a directed convertible loan facility of up to SEK 71.8 million.
  • Both resolutions fall under Swedish Leo-rules and require approval from 90% of votes cast and shares represented.

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Questions and answers

When is the Qben Infra extraordinary general meeting?

The extraordinary general meeting is scheduled for October 28, 2026, at 11:00 a.m. at the company office in Stockholm, Sweden.

Why is Qben Infra selling Qben Real Estate Norway?

The divestment aims to strengthen Qben Infra's balance sheet, reduce consolidated debt by about NOK 33.8 million, and eliminate guarantee exposure for Team Bygg projects.

What vote threshold is required for the Qben Infra EGM proposals?

Both the asset divestment to a related party and the convertible issue fall under Swedish Leo-rules, requiring approval from at least nine-tenths of votes cast and shares represented.