Stendörren Fastigheter AB (publ) exercises its right to early redemption of its outstanding 2019-securities
Press release
2 August 2024
NOT FOR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED IN OR RESIDENT OF THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, THE WAKE ISLANDS, 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 ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION OF THIS DOCUMENT IS PROHIBITED BY LAW. THE DISTRIBUTION OF THIS DOCUMENT MAY BE UNLAWFUL IN CERTAIN JURISDICTIONS (IN PARTICULAR THE UNITED STATES AND THE UNITED KINGDOM).
Stendörren Fastigheter AB (publ) (the “Company”) has previously issued subordinated perpetual floating rate callable capital securities with ISIN SE0013042413 (the “Capital Securities”). The Company has today formally exercised its right to an early voluntary redemption of the Capital Securities (the “Redemption”) and the Capital Securities will be redeemed early at a price equal to one hundred (100) per cent. of the nominal amount per Capital Security plus accrued and unpaid interest up to, and including the settlement date for the Redemption, which is expected to be 18 September 2024 and the record date for the Redemption is expected to be 11 September 2024, i.e. five (5) business days before 18 September 2024.
In connection with the Redemption, the Capital Securities will be delisted from Nasdaq Stockholm, and the intended last day of trading is 6 September 2024.
Please refer to the attached Notice of Early Redemption for further details on the Redemption.
For further information, please contact the Company at:
Erik Ranje, CEO, erik.ranje@stendorren.se or telephone: +46 8 518 331 00
Per-Henrik Karlsson, CFO, per-henrik.karlsson@stendorren.se or telephone: +46 72 158 70 92
Stendörren Fastigheter AB (publ)
Stendörren Fastigheter AB (publ) is an expansive property company listed on Nasdaq Stockholm Mid Cap. Our business concept is to create profitable growth in net asset value by managing, developing and acquiring properties and building rights within logistics, warehouse and light industry in Nordic growth regions. When commercially viable, we rezone such existing properties and thereby create residential building rights for further development and management, mainly in Greater Stockholm and the rest of the Mälardalen region.
For more information about Stendörren Fastigheter AB (publ), see: http://www.stendorren.se/en/