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

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 18 January 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 one month (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 99.46 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 intends during the one-month extension of the maturity to 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 18 January 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 30 January 2023, at 15:00 CET.

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