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2019-11-05 10:07:07

Samhällsbyggnadsbolaget i Norden AB: SBB announces final tender results for outstanding SEK perpetual capital securities

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. THE DISTRIBUTION OF THIS DOCUMENT IN CERTAIN JURISDICTIONS (IN PARTICULAR, THE UNITED STATES AND THE UNITED KINGDOM) MAY BE RESTRICTED BY LAW.


Samhällsbyggnadsbolaget i Norden AB (publ), Reg. No. 556981-7660 ("SBB" or the "Issuer") today announces the final results of its invitation dated 28 October 2019 to the holders of its outstanding notes outlined below (together, the "Capital Securities" each a "Capital Security") to tender their Capital Securities for purchase by the Issuer for cash (the "Tender Offer").

The Tender Offer was made on the terms and subject to the conditions set out in a tender information document dated 28 October 2019 (the "Tender Information Document"), available on the website of the Issuer (sbbnorden.se/en/investor-relations-main/reports/).

At the expiration of the Tender Offer at 12:00 CET on 4 November 2019, valid tender instructions in respect of the Capital Securities in an aggregate nominal amount of SEK 70m were received pursuant to the Tender Offer. Details of tendered amount per ISIN are set out below.

The purchase price payable per Capital Security is as set out below, in addition to which the Issuer will pay an amount equal to any accrued and unpaid interest on the relevant Capital Securities (in accordance with the applicable terms and conditions of the Capital Securities):

Description of the Capital Securities / ISIN / Issued Amount / Tendered Amount / Remaining Outstanding Amount / Minimum denomination amount / Purchase Price

2017 Perpetual capital securities / SE0010414599 / SEK 1,000m / SEK 8m / SEK 5m / SEK 1m / 113.311% 

2018 Perpetual capital securities / SE0011642776 / SEK 1,200m / SEK 62m / SEK 36m / SEK 2m / 112.734%

Settlement of the Tender Offer will occur on 6 November 2019. Settlement of the transactions pursuant to the Tender Offer will occur as a secondary trade via Nordea Bank Abp ("Tender Agent"). All tendering Holders should coordinate the trade bookings with their local sales representative immediately.

Information about the Tender Offer may be obtained from the Tender Agent.

CONTACT INFORMATION

Tender Agent

Nordea Bank Abp, Email: dcmsweden@nordea.com 

The Issuer

Samhällsbyggnadsbolaget i Norden AB (publ)

Ilija Batljan, CEO and Founder, Email: ilija@sbbnorden.se
Rosel Ragnarsson, Head of Finance, Email: lotta@sbbnorden.se

About Samhällsbyggnadsbolaget i Norden AB (publ)

The company's strategy is to own, manage and develop community service properties throughout the Nordic region and rental apartments in growth regions in Sweden. Through the company's commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the company an attractive long-term partner. At the beginning of 2018, SBB was named the winner of the Real Estate Company of the Year Award for 2017. The company's series B shares (short name SBB B) and D shares (short name SBB D) are listed on Nasdaq Stockholm, Large Cap. The company's preference shares (SBB PREF) are listed on Nasdaq First North Premier Growth Market. Certified Adviser is Erik Penser Bank (contact: certifiedadviser@penser.se/ +46 84638300). More information about the company is available at www.sbbnorden.se.




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