CLOSE

Notice of outcome in the second written procedure in Gemma Utveckling 2016 AB (publ)

17 January 2020

To the bondholders in the senior secured callable fixed rate bonds with ISIN NO0010779507 and NO0010779515 (the “Bonds”) issued by Gemma Utveckling 2016 AB (publ) (the “Issuer”).

On 3 December 2019, the Trustee initiated a written procedure on the request of the Issuer (the “First Written Procedure“). The First Written Procedure, which ended on 20 December 2019, did not meet the quorum requirement.

Since the First Written Procedure did not meet the quorum requirements, the Issuer requested that the Trustee shall initiate a second written procedure (the “Second Written Procedure”) for the purpose of restructuring the Bonds and the Issuer’s Group (the “Request”).

The Trustee hereby announces the successful completion of the Second Written Procedure in relation to the Request.

Pursuant to the Terms and Conditions, no quorum requirement apply to the Second Written Procedure, hence the votes received are decisive. The Request was accepted by 100 per cent of the eligible votes.

Hence the Request has been approved with sufficient majority by the bondholders in Gemma Properties Holding AB (publ), Gemma Utveckling 2016 AB (publ) and Gemma Utveckling 2017 AB (publ).

For further information, please contact: 

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

Our services

Corporate Client Services

Operating internationally can be challenging. You need a partner who understands local rules, culture and customs and how they affect legal and regulatory requirements. That’s where we come in.

Can't find what you're looking for?

View all corporate client services

Private Capital & Hedge Funds Services

We differentiate our global leading fund services through our geographical spread, domain strength, technology offering and depth of services.

Can't find what you're looking for?

View all private capital & hedge fund services

Capital Markets

As capital markets evolve across the globe, you need a bespoke approach from a service provider with a genuine understanding of how markets are changing.

Can't find what you're looking for?

View all capital markets services

Private Wealth

By understanding the importance of long-term relationships built around trust, we aim to truly understand your values. We’re your partner to help you protect, preserve and plan for the future.

Can't find what you're looking for?

View all private wealth services