22 December 2019
To the bondholders in senior secured callable fixed rate bonds due 2019 with ISIN SE0010598789, NO0010810963 and SE0010598771 (the “Bonds”) issued by Gemma Properties Holding AB (publ) (the “Issuer”).
In the written procedure for which notice was given on 3 December 2019 and last date to vote was 20 December 2019, the agent hereby announces the successful completion of the written procedure in relation to the Bonds regarding the restructuring (the “Request”).
A sufficient number of bondholders participated in the written procedure and the Request was accepted by 92.00 per cent of the eligible votes.
The Request was also approved with sufficient majority of the bondholders in Gemma Utveckling 2017 AB (publ).
The request was approved by 97.83 per cent of the bondholders in Gemma Utveckling 2016 AB (publ). However the request did not meet the quorum requirements in Gemma Utveckling 2016 AB (publ). The Request will therefore be effective once, and if, the Request is approved with sufficient majority by the bondholders in Gemma Utveckling 2016 AB (publ) in the second written procedure which will be initiated on 23 December 2019.
For further information, please contact:
Beatrice Gustafsson
Intertrust (Sweden) AB
Mail: trustee@intertrustgroup.com
Phone: +46 70 141 10 82