30 August 2024
To the holders of the SEK 340,000,000 Senior Secured Floating Rate Notes 2021/2024 with ISIN SE0017105711 (the “Notes”) issued by Golden Heights AB (publ) (the “Issuer”)
Intertrust (Sweden) AB acts as agent (the “Agent“) for the holders of the Notes (the “Noteholders“) in the above-mentioned SEK 340,000,000 Notes issued by Golden Heights AB (publ).
The Issuer hereby gives conditional notice to all Noteholders of the Issuer’s outstanding Notes for early redemption of the Notes in full in accordance with Clause 10.3 (Voluntary total redemption (call option)) of the Terms and Conditions (the “Redemption”). Subject to the financing condition described below, the Redemption Date is set to 25 September 2024 and the Record Date for the early redemption will be 18 September 2024, i.e. five (5) Business Days prior to the Redemption Date.
The Redemption is conditional upon the successful settlement of the senior secured floating rate notes that was announced by the Issuer by way of press release on 30 August 2024, that results in the Issuer receiving, prior to the Record Date, the net proceeds which will be used towards payment of the Redemption Amount (the “Financing Condition”).
The Issuer will inform the Agent and the Noteholders of the satisfaction of the Financing Condition by way of press release. If the Financing Condition is not satisfied or waived by the Issuer prior to the
Record Date, the Redemption will not occur which will, in such case, be confirmed to the Noteholders through by way of press release.
If the Financing Condition is satisfied or waived by the Issuer, the Redemption will be unconditional and all outstanding Notes (as of the Record Date) will be redeemed at the redemption price of 100.00 per cent. of the total outstanding Nominal Amount (i.e., SEK 1,250,000 per Note) (the “Redemption Price”). Any accrued and unpaid interest will also be paid in respect of the Notes in accordance with the Terms and Conditions. The Redemption Price together with accrued and unpaid interest up to and including the Redemption Date (the “Redemption Amount”) will be paid on the Redemption Date to each person who is registered as owner of Notes in the debt register maintained by Euroclear Sweden at end of business on the Record Date. In connection with the redemption, the Notes will be delisted from Nasdaq Stockholm.
This Notice is irrevocable (but is for the avoidance of doubt conditional upon the Financing Condition being satisfied) 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.
Yours sincerely,
Golden Heights AB (publ)
For further information, please contact the Issuer at:
SE-432 84 Varberg
Sweden
Tel: +46 (0) 340-59 54 00