Information regarding change of control in respect of bonds issued by SSM and redemption

On December 15, 2020 Amasten Fastighets AB (publ) (“Amasten”) completed the public tender offer to the shareholders in SSM and acquired 97.5 per cent of the shares and votes in SSM. Amasten’s acquisition of the shares in SSM is deemed a change of control pursuant to the terms and conditions of SSM’s outstanding bonds. As previously announced, SSM intends to fully redeem its outstanding bonds on January 8, 2021. Consequently, the bonds will not be listed with Nasdaq First North as previously announced.

On December 8, 2020 SSM exercised its right to a voluntary total redemption of the outstanding bonds (ISIN SE0008040893) (the “Bonds”) in accordance with the terms and conditions of the Bonds (the “Redemption”) which will take place on January 8, 2021 (the “Redemption Date”). The Bonds and any accrued but unpaid interest will be fully repaid on the Redemption Date.

Consequently, no repurchase date will be announced in accordance with clause 11.4 (Mandatory repurchase due to a Change of Control Event or a Listing Failure (put option)) of the terms and conditions of the Bonds as the Redemption will occur prior to any repurchase of Bonds in accordance with clause 11.4 (Mandatory repurchase due to a Change of Control Event or a Listing Failure (put option)) can take place.

Due to the Redemption, SSM has decided to not list the Bonds with Nasdaq First North as announced on October 28, 2020.

 
For more information, please contact:
Ann-Charlotte Johansson
EVP Communications & IR
Email: ann-charlotte.johansson@ssmliving.se

Phone: +46 761 65 17 71

 

About SSM Holding AB
SSM produces smart, affordable homes with attractive shared spaces close to public transport and the city centre for its target group – tomorrow’s urbanites. SSM envisions a housing market for as many people as possible and today, the Company is the leading property developer in its niche within the Greater Stockholm area. On September 30, 2020, SSM had approximately 4,300 buildings rights in itsportfolio. SSM has been listed on Nasdaq Stockholm’s Main List since April 6, 2017. www.ssmlivinggroup.com