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Pandox AB (PANDXb.ST)

PANDXb.ST on Stockholm Stock Exchange

164.00SEK
5:00pm BST
Change (% chg)

-1.60kr (-0.97%)
Prev Close
165.60kr
Open
165.00kr
Day's High
166.00kr
Day's Low
163.60kr
Volume
29,812
Avg. Vol
88,402
52-wk High
174.60kr
52-wk Low
137.80kr

Latest Key Developments (Source: Significant Developments)

Pandox AB (Publ) Adjusts Dividend Policy
Thursday, 9 May 2019 

Pandox AB ::(PUBL) ADJUSTS DIVIDEND POLICY.DECIDED TO ADJUST ITS DIVIDEND POLICY.NEW TARGET IS A DIVIDEND PAY-OUT RATIO OF 30-50 PERCENT (PREVIOUSLY 40-60 PERCENT) OF TOTAL CASH EARNINGS.NEW TARGET: AN AVERAGE DIVIDEND PAY-OUT RATIO OVER TIME OF APPROXIMATELY 40 PERCENT (PREVIOUSLY APPROXIMATELY 50 PERCENT)..CAPITAL STRUCTURE TARGET REMAINS UNCHANGED WITH A LOAN-TO-VALUE OF 45-60 PERCENT.  Full Article

Pandox Q1 EBITDA Rises To SEK 634 Mln
Friday, 26 Apr 2019 

April 26 (Reuters) - Pandox AB ::JAN-MARCH REVENUE FROM PROPERTY MANAGEMENT AMOUNTED TO MSEK 685 (621).JAN-MARCH NET OPERATING INCOME FROM PROPERTY MANAGEMENT AMOUNTED TO MSEK 583 (528).JAN-MARCH EBITDA AMOUNTED TO MSEK 634 (560), MSEK 615 EXCLUDING EFFECTS OF IFRS 16.  Full Article

Pandox Acquires Radisson Blu Glasgow
Tuesday, 2 Oct 2018 

Oct 2 (Reuters) - Pandox AB ::PANDOX ACQUIRES RADISSON BLU GLASGOW FOR MGBP 39.PANDOX ACQUIRES RADISSON BLU GLASGOW FOR MGBP 39.PURCHASE PRICE AMOUNTS TO MGBP 39 BEFORE TRANSACTION COST.TRANSACTION AND TRANSFER OF POSSESSION ARE EXPECTED TO BE COMPLETED DURING Q4 2018.FOR 2018 HOTEL IS EXPECTED TO CONTRIBUTE EQUIVALENT OF APPROXIMATELY MSEK 150 IN REVENUE.  Full Article

Pandox Divests Hotel Property In Kiruna
Wednesday, 28 Mar 2018 

March 28 (Reuters) - PANDOX AB ::(PUBL) DIVESTS HOTEL PROPERTY IN KIRUNA.‍TO DIVEST HOTEL PROPERTY HOVMÄSTAREN 1 (SCANDIC FERRUM) IN KIRUNA FOR MSEK 286,​.PANDOX HAS ENTERED INTO AN AGREEMENT TO DIVEST HOTEL PROPERTY HOVMÄSTAREN 1 (SCANDIC FERRUM) IN KIRUNA FOR MSEK 286.‍BUYER IS STATE-OWNED MINING COMPANY LOUSSAVAARA-KIRUNAVAARA AB​.  Full Article

Pandox ‍Oct-Dec Revenue From Property Management Amounted To Msek 571 (458)​
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - PANDOX AB ::‍OCT-DEC REVENUE FROM PROPERTY MANAGEMENT AMOUNTED TO MSEK 571 (458)​.‍OCT-DEC EBITDA AMOUNTED TO MSEK 597 (464).​.‍BOARD OF DIRECTORS IS PROPOSING A FY DIVIDEND OF SEK 4.40 (4.10) PER SHARE, TOTAL MSEK 737 (646).​.  Full Article

Pandox Completes Acquisition Of Hotel Portfolio In UK And Ireland
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Pandox Ab ::PANDOX AB (PUBL) HAS COMPLETED PREVIOUSLY ANNOUNCED ACQUISITION OF HOTEL PORTFOLIO IN THE UK AND IRELAND.  Full Article

Pandox evaluates conditions to carry out directed share issue
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Pandox ::PANDOX EVALUATES THE CONDITIONS TO CARRY OUT A DIRECTED SHARE ISSUE.SAYS ‍HAS MANDATED ABG SUNDAL COLLIER, DNB MARKETS, HANDELSBANKEN CAPITAL MARKETS AND SKANDINAVISKA ENSKILDA BANKEN TO EVALUATE CONDITIONS FOR A DIRECTED ISSUE OF NOT MORE THAN 10,000,000 CLASS B SHARES​.SAYS ‍COMPANY INTENDS TO USE POTENTIAL PROCEEDS TO FINANCE ACQUISITIONS AND INCREASE COMPANY'S FINANCIAL FLEXIBILITY TO ENABLE CONTINUED VALUE CREATION.EIENDOMSSPAR SVERIGE AB AND CHRISTIAN SUNDT AB HAVE IN ADDITION EXPRESSED THEIR INTEREST IN SUBSCRIBING FOR SHARES CORRESPONDING TO NOT MORE THAN MSEK 225 IN TOTAL.AMF HAS EXPRESSED INTEREST IN SUBSCRIBING FOR SHARES CORRESPONDING TO NOT MORE THAN MSEK 225.ALECTA, HANDELSBANKEN FONDER AND SWEDBANK ROBUR HAVE FURTHER EXPRESSED INTEREST IN SUBSCRIBING FOR SHARES IN THE SHARE ISSUE​.  Full Article

Pandox Acquires Hotel Portfolio In The UK And Ireland
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - PANDOX AB ::(PUBL) ACQUIRES HOTEL PORTFOLIO IN THE UK AND IRELAND WITH FATTAL HOTELS GROUP AS OPERATING PARTNER.‍TOTAL ACQUISITION PRICE AMOUNTS TO MGBP 800 ON A DEBT FREE BASIS,​.‍TRANSACTION IS MADE WITH FATTAL HOTELS GROUP ("LEONARDO") AS OPERATING PARTNER​.- ‍ACQUISITION IS FULLY FINANCED BY A NEW BANK LOAN, EXISTING CREDIT FACILITIES AND A LOAN FROM LEONARDO OF MGBP 120.‍WHOLE CASH EARNINGS ARE EXPECTED TO INCREASE BY APPROXIMATELY MSEK 200 DURING 2018​.  Full Article

Pandox considers acquiring hotel portfolio in UK and Ireland
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - PANDOX AB ::PANDOX AB (PUBL) IS EVALUATING THE POSSIBILITIES FOR A MAJOR ACQUISITION.‍ACQUISITION CONCERNS A HOTEL PORTFOLIO FOCUSED ON LARGER CITIES IN GREAT BRITAIN AND REPUBLIC OF IRELAND​.‍CURRENT NEGOTIATIONS MAY NOT NECESSARILY LEAD TO AN AGREEMENT​.IT IS NOT CERTAIN THAT TRANSACTION WILL BE SUCCESSFULLY CONCLUDED​.  Full Article

Pandox ‍Q3 EBITDA rises to SEK 610 mln​
Friday, 10 Nov 2017 

Nov 10 (Reuters) - PANDOX AB :‍Q3 REVENUE FROM PROPERTY MANAGEMENT AMOUNTED TO MSEK 589 (479)​.‍Q3 NET OPERATING INCOME FROM PROPERTY MANAGEMENT AMOUNTED TO MSEK 511 (409)​.‍Q3 EBITDA AMOUNTED TO MSEK 610 (512)​.  Full Article