Notice of voluntary early redemption – Stillfront Group AB (publ) with ISIN: SE0012728830

Reference is made to the SEK 1,000,000,000 senior floating rate bonds with ISIN SE0012728830 (the “Bonds”) issued by Stillfront Group AB (publ) (the “Issuer”) on 26 June 2019 and the terms and conditions of the Bonds (the “Terms and Conditions ”). All capitalised terms used herein and not otherwise defined in this notice shall have the meanings assigned to them in the Terms and Conditions.

The Issuer hereby gives conditional notice to all Holders of the Issuer’s outstanding Bonds for early redemption of the Bonds in full in accordance with Clause 12.3.1 of the Terms and Conditions (the “Redemption”). Subject to the condition described below, the redemption date is set to 3 October 2023 (the “Redemption Date”) and the record date for the Redemption will be 26 September 2023, i.e. five (5) Business Days prior to the Redemption Date (the “Record Date”).

The Redemption is conditional upon the Issuer’s successful settlement and receipt of proceeds from the senior unsecured floating rate bonds with ISIN SE0020846624 and consequent purchase of the outstanding Bonds pursuant to a tender offer, in each case referred to in a press release by the Issuer on 7 September 2023, prior to the Record Date (the “Condition”).
The fulfilment of the Condition will be confirmed to the Holders through a press release. Should the Condition not be fulfilled by the Record Date, the Redemption will not occur (unless the Condition has been waived by the Issuer at its sole discretion) which will, in such case, be confirmed to the Holders through a press release.

If the Condition is satisfied or waived by the Issuer, the Redemption will be irrevocable and all outstanding Bonds will be redeemed at the redemption price of 100.950 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 up to and including the Redemption Date will be paid to each person who is registered as holder of Bonds in the debt register (Sw. skuldbok) maintained by Euroclear Sweden AB, reg. no. 556112-8074, at the end of business on the Record Date. In connection with the Redemption, the Bonds will be delisted from Nasdaq Stockholm.

This notice is irrevocable and is governed by Swedish law. This notice is for information purposes only and is not to be construed as an offer to purchase or sell, or a solicitation of an offer to purchase or sell with respect to any securities of the Issuer.

The full version of the notice is available here.

For further information, please contact the Issuer at:
Andreas Uddman, CFO, at [email protected]