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

29 May 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 29 May 2019 initiated a written procedure by which bondholders can approve or reject a proposal from the Issuer.

The Issuer asks the Bondholders to approve that the Final Redemption Date is extended until 31 August 2019 and that ordinary interest shall accrue on the Bonds until final repayment (the “Request“).  

Pursuant to Clause 16(i) of the terms and conditions, a quorum in respect of the written procedure will only exist if  bondholders representing at least fifty (50) per cent of the adjusted nominal amount reply to the Request. 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 19 June 2019.

Please find the full notice here.


Fur further information, please contact:

Intertrust (Sweden) AB

Contact: Beatrice Gustafsson

Phone: +46 70 141 10 82


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