Zengun Group AB (publ) announces satisfaction of financing condition and declare the notice of early redemption of its bonds unconditional

Zengun Group AB (publ) ("Zengun" or the "Company") today announces that the Financing Condition (as defined below) for its early voluntary redemption of all its bonds with ISIN SE0014991220 (the “Bonds”) has been satisfied.

We refer to the previous notice of conditional early redemption dated 22 January 2024 (the “Notice”) pursuant to which Zengun exercised its option to redeem in full all outstanding Bonds on 16 February 2024 (the “Redemption Date”) in accordance with Clause 9.3 (Voluntary total redemption (call option)) of the terms and conditions of the Bonds. Zengun’s obligation to redeem the Bonds on the Redemption Date was conditioned upon the successful issue and settlement of the Company’s issuance of initial up to SEK 400,000,000 bonds (the “New Bonds”), as well as disbursement of the net proceeds from the issue of the New Bonds in order for Zengun to redeem the Bonds in full (the “Financing Condition”).

Zengun hereby confirms that the New Bonds have been issued and settled, and that Zengun have fulfilled the conditions precedent for disbursing the net proceeds of the New Bonds for the redemption of the Bonds in full. Hence, the Financing Condition has been satisfied and the Bonds will be redeemed in full on the Redemption Date.

For more information, please contact:
Mick Salonen, President and CEO, +46 (0) 70 569 66 73
Oskar Björklund, CFO, +46 (0) 79 072 84 57

This information is information that Zengun Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 6 February 2024 15.15 CET.

Driving projects drives Zengun. We operate in Stockholm and Mälardalen, in close collaboration with customers and always with the project and people in focus. We help property owners improve their property portfolios in each project by offering know-how and skills as a collaboration and sustainability partner throughout the entire lifespan of the project. We build commercial properties, with a mix of select public-sector properties and residential projects. We take the long term into consideration for our employees, customers and surroundings, and are constantly developing to make each project a reference project. In 2023, Zengun had sales of approximately SEK 2.8 billion and 150 employees. #zengunbyggerstaden