At the request of
On
At the request of SSM, the agent has today summoned a meeting with the company's bondholders (the "Holders") through a procedure in writing (the "Written Procedure") to resolve on amending the terms and conditions of the Bonds.
The notice sets out the amendments that will be made to the terms of the Bonds which among other things include i) extending the maturity date of the Bonds to 2022 with an unchanged interest rate, ii) repaying not less than MSEK 100.0 no later than
Only Holders registered in
For the amendments to be approved through the Written Procedure, a quorum representing at least 50.0 percent of the adjusted nominal amount must participate in the Written Procedure and at least 75.0 percent of the adjusted nominal amount for which Holders are voting in the Written Procedure must agree to the amendments. The outcome of the Written Procedure is expected to be announced on or around
The notice of the Written Procedure, including complete proposals for resolutions and voting instructions, will be made available on SSM's website (ssmlivinggroup.com) and sent by the agent today to registered owners and nominees of the Bonds as per
For questions regarding the administration of the Written Procedure, please contact the agent at voting.sweden@nordictrustee.com eller +46 8 783 79 00.
For more information, please contact:
Email: ann-charlotte.johansson@ssmliving.se
Phone: +46 761 65 17 71
About
SSM produces smart and affordable housing with attractive communal areas, close to public transport in close proximity to the company's target group - tomorrow's urbanites. The company's vision is a housing market with room for as many people as possible. SSM is a leading housing developer in its niche within the
https://news.cision.com/ssm/r/ssm-summons-meeting-with-bondholders-through-procedure-in-writing,c3027266
https://mb.cision.com/Main/11507/3027266/1187897.pdf
https://mb.cision.com/Public/11507/3027266/9a986413803c33dd.pdf
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