Bellman Group increases its outstanding bond loan by SEK 280 million, conditional upon the bondholders’ approval of the written procedure

Bellman Group AB (publ) (the “Company” or “Bellman Group”) increases its outstanding bond loan (ISIN: SE0009889553) by SEK 280 million. The issue is conditional upon the bondholders’ approval of the amendments and waivers proposed by the Company in the written procedure (the “Written Procedure”) initiated by the Company on 11 June 2018 (the “Condition”).

Provided that the Condition is fulfilled, the bonds will be issued at a price of 100.50 per cent. of the nominal amount, which illustrates the strong demand for the tap issue. After the tap issue, the total outstanding amount of the Company’s bond loan will amount to SEK 500 million, under a total framework amount of SEK 600 million. The bond loan is listed on Nasdaq Stockholm and the Company will also apply for listing of the new bonds on Nasdaq Stockholm.

The issue proceeds will be used to finance the Company’s acquisition of all shares in VSM Entreprenad AB and indirectly its subsidiaries and associated companies, as announced by the Company by way of a press release on 4 June 2018.

Whether the Condition is fulfilled or not will be announced by the Company by way of a press release on or about 29 June 2018, being the last day of voting in the Written Procedure. Provided that the Condition is fulfilled, the settlement date of the new bonds is expected on 3 July 2018.

For questions regarding the administration of the Written Procedure, please contact the agent at voting.sweden@nordictrustee.com or +46 8 783 79 00.

For additional information, please contact:
Håkan Lind, CEO, Bellman Group, +46 (0) 70 669 80 28, hakan@bellmans.se

Roger Axelsson, CFO and Head of Communications, Bellman Group, +46 (0) 70 874 50 41, roger@bellmans.se

About this information
This information is information that Bellman Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the Company’s CEO, at 15 CEST on 14 June 2018.

About Bellman Group

Bellman Group AB is comprised of Bellmans Åkeri & Entreprenad AB and Grundab Entreprenader i Stockholm AB, who are haulage contractors, as well as of Modern Sprängteknik i Norden AB with the subsidiaries Uppländska Bergkrossnings AB, Uppländska Bergborrnings AB and Sprängarbeten i Trönödal AB (MST), who undertake blasting operations. The Company has sales of SEK 828 million, 168 employees and approximately 400 subcontractors.

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