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SWEDISH ELECTROMAGNET INVEST AB (PUBL) EQS-News: Swedish Electromagnet Invest AB (Publ) : SEM receives consent from the noteholders

Transparency directive : regulatory news

27/02/2023 17:30

EQS-News: Swedish Electromagnet Invest AB (Publ) / Key word(s): Miscellaneous
Swedish Electromagnet Invest AB (Publ) : SEM receives consent from the noteholders

27.02.2023 / 17:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


SEM receives consent from the noteholders in the written procedure for its outstanding bond loan

Swedish Electromagnet Invest AB (publ) (the "Company" or "SEM") initiated on 15 February 2023 a written procedure under its outstanding bond loan 2018/2022 with ISIN SE0011167600 (the "Bonds") to request an extension of the maturity of the Bonds with two months (the "Written Procedure"). The notice of the Written Procedure including the proposed amendments are available on the Company's web page.

SEM today announces that the Written Procedure has been successfully concluded and that a sufficient number of votes were obtained in order to form a quorum and that 99.38 per cent. of the adjusted nominal amount for which the noteholders were voting, voted in favour of the proposed amendments in the Written Procedure. Accordingly, the agent, Nordic Trustee & Agency AB (publ), has today concluded the Written Procedure.

The terms and conditions of the Bonds have been amended and restated effective from today and reflects the approval of the request (the "Amended and Restated Terms and Conditions"). The Amended and Restated Terms and Conditions will be available on the Company's web page.

The Company will during the two-month extension of the maturity finalise the negotiations with certain major holders of the Bonds (representing 50.6 per cent. of the outstanding adjusted nominal amount of the Bonds) as announced by SEM in a press release dated 15 February 2023.

For questions regarding the administration of the Written Procedure, please contact the Agent at voting.sweden@nordictrustee.com or +46 8 783 79 00.

For further information, please contact the Company:

Halvar Jonzon, Chairman of the board
halvar.jonzon@telia.com
+46 70 663 65 67

Christina Hallin, CEO
christina.hallin@sem.se
+46 70 821 11 89

This information is information that the Company is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 27 February 2023, at 16:30 CET.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.



27.02.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Swedish Electromagnet Invest AB (Publ)
Box 30 Amal
66200 Vastra Gotaland
Sweden
Phone: +46 532 611 00
Internet: https://sem.se
ISIN: SE0011167600
Listed: Regulated Unofficial Market in Frankfurt; Stockholm
EQS News ID: 1569741

 
End of News EQS News Service

1569741  27.02.2023 CET/CEST

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