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Notice of a second written procedure for bonds issued by SBT Properties AB (publ)

17 June 2021

On 28 May 2021, a notice of written procedure was sent to the Bondholders, regarding the Request (as defined below) (the “First Written Procedure“). The voting period expired on 16 June 2021. The number of votes obtained proved to be insufficient in order to form a quorum. However, pursuant to the Terms and Conditions, the Issuer retains a right in these cases to call for a second Written Procedure where the quorum requirement does not apply.

The Issuer asks the bondholders to approve a proposal from the Issuer regarding a set-off of Bonds against subscription of preferential shares issued in the Issuer the (“Request“). For further details of the Request and the background and rationale relating thereto, please see the full notice which can be downloaded above.

No quorum requirement applies to this Second Written Procedure pursuant to clause 16(j) of the Terms and Conditions. Pursuant to Clause 16(g) of the Terms and Conditions, at least sixty-six and two thirds (66 2/3) per cent. of the Adjusted Nominal Amount for which Bondholders reply in the Second Written Procedure must consent to the Request in order for it to be approved.

The Agent must have received the votes no later than by 12.00 (CET) on 7 July 2021.

Fur further information, please contact:

Intertrust (Sweden) AB
Contact: Beatrice Gustafsson
Phone: +46 70 141 10 82
Mail: [email protected]

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