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In accordance with NCC’s Articles of Association, owners of Series A shares are entitled to request that their shares be converted to Series B shares. As a result of such conversion, the total number of voting rights in the company is reduced. In connection with conversion, the company is obligated, pursuant to the Swedish Financial Instruments Trading Act (1991:980), to disclose details of the change in this manner.
NCC has been awarded the contract to construct the Venjar–Eidsvoll section of railway north of Oslo by Bane NOR. The contract was awarded on July 6 and the time limit for lodging appeals expired yesterday. The order value is about SEK 1.7 billion and the contract is expected to be signed not later than October 4 of this year.
Increased sales and slightly lower earnings for NCC in the second quarter
NCC has been commissioned by the housing development company KONstruct to build 235 rental apartments for students and a café on Gøteborg Allé in Aarhus, Denmark. The investor is the Gøteborg Allé 7 ApS investment company. The order value is approximately SEK 340 million.