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Notice of second written procedure for senior secured callable fixed rate bonds issued by Gemma Utveckling 2016 AB (publ) (the “Issuer”)

23 December 2019

Intertrust (Sweden) AB (the “Trustee”) acting in its capacity as trustee for the bondholders under the terms and conditions for the bonds, has at the request of the Issuer on 23 December 2019 initiated a second written procedure by which bondholders can approve or reject a proposal from the Issuer.

The Issuer asks the bondholders to approve a proposal from the Issuer regarding a restructuring of the Bonds and the Issuer’s group (the “Request“). For further details of the Request and the background and rationale relating thereto, please see the full notice which can be downloaded as per below.

Pursuant to Clauses 16(i) and 16(j) of the Terms and Conditions of the Bonds, there is no quorum requirement in this second written procedure.

Pursuant to Clause 16(g) of the Terms and Conditions, at least sixty-six and two thirds (66 2/3) per cent. of the Adjusted Nominal Amount for which bondholders reply in the written procedure must consent to the Request in order for it to be approved.

The Trustee must have received the votes no later than by 16.00 (CET) on 17 January 2020.

Fur further information, please contact:

Intertrust (Sweden) AB

Contact: Beatrice Gustafsson

Phone: +46 70 141 10 82


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