Bellman Group publishes prospectus and applies for admission of trading of corporate bonds

On 27 January 2021, Bellman Group AB (”Bellman Group”) announced its successful issue of corporate bonds on an amount of SEK 900 million within a framework amount of SEK 1.5 billion (the “Bonds”).The Bonds have a tenor of 5 years and bear a floating rate of 3 months STIBOR plus 500 basis points and have a final redemption date falling on 10 February 2026.

According to the terms and conditions for the Bonds, the company has undertaken to apply for admission to trading of the Bods on Nasdaq Stockholm, for which purpose a listing prospectus has been drafted which has been approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) as of today’s date. The prospectus is available at Bellman Group’s website www.bellmangroup.se as well as the website of the Swedish Financial Supervisory Authority, www.fi.se. The company will apply for admission to trading of the Bonds and the first day of trading is expected to fall on or about 12 March 2021.

This information was submitted for publication, through the agency of the contact persons set out below, at 14.30 CET on 10 March 2021.

For more information, please contact:

Håkan Lind, CEO, +46 (0) 70 669 8028
hakan.lind@bellmangroup.se

Roger Axelsson, CFO +46 (0) 70 874 5041
roger.axelsson@bellmangroup.se

About Bellman Group

Bellman Group is a civil engineering group that operates in rock blasting, excavation, haulage, and mass handling in Sweden, primarily in the Stockholm and Gothenburg regions. The Group consists of Bellmans, which is a company active in machinery brokerage and haulage, Uppländska, which performs rockblasting operations, VSM, which carries out excavation work with large machinery, Samgräv, which is active in haulage, machine brokerage, mass handling and operation of own landfills, SÅCAB which is active in haulage and also owns a landfill south of Stockholm and Ivarssons Entreprenad, an excavation and civil engineering company mainly operating in the Gothenburg region.

In 2020, net sales for the Group were SEK 1.7 billion. Bellman Group, with registered offices in Solna, Sweden, has approximately 425 employees and 1,000 subcontractors. The parent company’s corporate bonds are listed on Nasdaq Stockholm. Bellman Group is a group of strong growth with an explicit acquisition strategy.