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Notice of Conditional Early Redemption in Serneke Group AB (publ)

5 May 2022

To the Holders in Serneke Group AB (publ) up to SEK 1,000,000,000 senior unsecured callable floating rate bonds 2018/2022 with ISIN SE0011256338.

Subject to the satisfaction of the Financing Condition (as defined below), the Issuer hereby gives notice to all Holders of the Issuer’s outstanding Bonds that it will exercise its right to early voluntary redemption of all outstanding Bonds in accordance with Clause 10.3 (Early voluntary redemption by the Issuer (call option)) in the Terms and Conditions (the “Redemption”). The Redemption Date is set to 31 May 2022 and the Record Date for the early voluntary redemption will be 23 May 2022, i.e. five (5) Business Days prior to the Redemption Date (the “Record Date”).

The Redemption is conditional upon the Issuer entering into a new facilities agreement on or prior to the Record Date and all conditions for receipt of funds being met, for the purpose of refinancing the Bonds (the “Condition”).
The Issuer shall inform the Agent and the Holders by way of press release at least one (1) Business Day prior to the Record Date if the Condition is, or will not be, satisfied or waived by the Issuer. Should the Condition not be fulfilled, or waived by the Issuer, by the Record Date, the Redemption will not occur.

If the Condition is satisfied or waived by the Issuer, the Redemption will be irrevocable and the Bonds will, on the Redemption Date, be redeemed at a price per Bond equal to 102.50 per cent of the Nominal Amount. Any accrued and unpaid interest will also be paid in respect of the Bonds in accordance with the Terms and Conditions.
The redemption amount together with accrued and unpaid interest will be paid to each person who is registered as owner of Bonds in the debt register maintained by Euroclear Sweden at end of business on the Record Date.

The full notice of conditional early redemption can be downloaded above.

For further information, please contact the Issuer at:
Serneke Group AB (publ)
Att: Elisabeth Karlsson, Treasury Manager, Group
Tel. no.: +46 702 33 79 77
Email: [email protected]

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