Samhällsbyggnadsbolaget i Norden AB (publ) (”SBB” or the ”Company”) initiated 9 March 2018 a so called “Written Procedure”, in order to resolve upon amendments of the terms and conditions of the Company’s hybrid notes of up to SEK 1,000,000,000 with ISIN SE0010414599 and symbol SAMN 001 (the “Notes”) in accordance with the terms and conditions dated 22 September 2017 (the “Terms and Conditions”).
The proposed amendments of the Terms and Conditions means that a) the Company’s right to repurchase all notes at any time if a so called Equity Classification Event occurs, when the Company receives information from a rating agency that the Notes will be assigned equity credit from a rating perspective of less than 50 %, will be deleted and b) an increased margin upon the occurrence of a so called No Rating Event, when the Company does not receive a rating in respect of itself or the Notes within a certain period of time, will be deleted.
In accordance with the summons, noteholders with a sufficient number of votes have given their formal consent in order to achieve decision-making powers. The Company announces that the Written Procedure was concluded on 23 March 2018, since a sufficient majority of the noteholders have approved the proposals that were presented in the summons to the Written Procedure.
The amendments of the Terms and Conditions will be made on 23 March 2018 and the new terms and conditions will be available on the Company’s website (www.sbbnorden.se).
The summons to the Written Procedure, including detailed information about the proceeding and the content of the conditions for the amendment of the Terms and Conditions is available on the Company’s website (www.sbbnorden.se) and Stamdata (www.stamdata.com).
For further information, please contact:
Ilija Batljan, CEO and Founder of Samhällsbyggnadsbolaget i Norden AB, +46 70 518 39 67, [email protected]
The information was submitted for publication, through the agency of the contact person set out above on March 23, 2018, at 16.55 CET.