25 July 2024
Intertrust (Sweden) AB acts as agent (the “Agent”) for the holders of the Bonds (the “Bondholders”) in the up to SEK 300,000,000 bonds issue with ISIN SE0014555298 and SE0014555306 (the “Bonds”) issued by T. Andréasson Fastighetsaktiebolag (publ), Reg. No. 556723-0130, (the “Issuer”). On 1 July 2024, a notice of written procedure was sent to the Bondholders, regarding an amendment of certain provisions of the Terms and Conditions. The voting period expired on 24 July 2024 (the “First Written Procedure”). The number of votes obtained proved to be insufficient in order to form a quorum. Upon a request from the Issuer, and as follows from the terms and conditions, the Agent hereby instigates a second written procedure, whereby Bondholders can vote for or against the request to restructure the Bonds and convert them into shares in a newly established Swedish limited liability company (the “Second Written Procedure”).
The Issuer was founded in 2007 by Thomas Andréasson, CEO and owner of the Issuer, as a real estate developer. The Issuer filed for bankruptcy 14 June 2023. The Agent has had discussions with certain Bondholders to initiate a procedure to convert certain parts of the Bonds into shares in a newly formed SPV that will drive the zoning plan for the properties in Knivsta, in order to minimise the loss for the Bondholders.