Host AB, parent company of Host Property AB (publ) (the "Company"), has entered into a share purchase agreement regarding the divestment of shares in the Company
Host AB, parent company of the Company, has today entered into a share purchase agreement regarding the divestment of 51 % of the shares in the Company (the "Transaction"). The buyer of the shares in the Company is Gelba Fastigheter 4 AB and the transaction is expected to close on 18 December 2023.
If the Transaction is completed, the Company will redeem all of the outstanding bonds issued under the Company's SEK 331,808,000 senior secured and guaranteed floating rate bonds with ISIN SE0013486057 (the "Bonds") in accordance with Clause 10.6 in the terms and conditions for the Bonds (the "Terms and Conditions"). Capitalised term used but not defined herein shall have the meaning given to it in the Terms and Conditions.
The Bonds will be redeemed at a price equal to 104.50 per cent of the Nominal Amount together with accrued but unpaid Interest. A conditional notice of redemption will be distributed to the Bondholders and the Bond Trustee shortly. The notice will also be published by way of press release.
Colliers has been mandated to act as the Company's financial advisor in connection with the Transaction.
This disclosure contains information that Host Property AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (MAR). The information was submitted for publication, through the agency of the contact person, on 20 November 2023, 17:00 CET.
Contact person: Christian Fuhr, Investor Relations, Host Property AB, mob: +47 98 22 85 16, email: [email protected]
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