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Stockholm 13 August 2020: Northmill Group AB (publ) (“the Company”) has, pursuant to the terms and conditions, resolved on redemption in full of all outstanding senior unsecured floating rate bonds with ISIN SE0011614973 (the “2018/2021 Bonds”) maturing on 3 September 2021. The total volume of the 2018/2021 Bonds is a nominal amount of SEK 1,000,000,000, of which a nominal amount of SEK 500,000,000 is currently outstanding and the Company currently holds a nominal amount of SEK 160,000,000.
The 2018/2021 Bonds will be redeemed at an amount equal to 102.40 percent of the nominal amount, together with accrued but unpaid interest. A notice of redemption will be sent to directly registered owners and registered authorised nominees of the 2018/2021 Bonds according to the debt register as per 13 August 2020.
The redemption of the 2018/2021 Bonds will take place on or around 9 September 2020. The record date on which any holder must hold any bonds to be entitled to the redemption amount is 2 September 2020. In connection with the redemption, the Company will apply for the 2018/2021 Bonds to be delisted from Nasdaq Stockholm, Corporate Bond List, with expected last day of trading on 31 August 2020.
For further information, please contact:
Tobias Ritzén, CFO
+46 72-534 97 61
This information is information that Northmill 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, at 17:45 CET, 13 August 2020.
The information in this press release does not constitute an offer to acquire, subscribe or otherwise trade in securities in Northmill Group AB (publ).
This press release may not be released, published or distributed, directly or indirectly, in or into United States, Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa or any other jurisdiction where participation would require additional prospectuses, registration or measures besides those required by Swedish law. Nor may this press release be distributed in or into such countries or any other country or jurisdiction in which distribution requires such measures or otherwise would be in conflict with applicable regulations. Any failure to comply with the restrictions described may result in a violation of applicable securities regulations.
No securities issued by Northmill Group AB (publ) have been, or will be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or the securities legislation of any state or other jurisdiction of the United States and no securities may be offered, subscribed for, exercised, pledged, sold, resold, granted, delivered or otherwise transferred, directly or indirectly, in or into the United States except under an available exemption from, or in a transaction not subject to, the registration requirements under the Securities Act and in compliance with the securities legislation in the relevant state or any other jurisdiction of the United States. There will be no public offering of such securities in the United States.
The securities referred to herein have not been approved or disapproved by the U.S. Securities and Exchange Commission (SEC), any state securities commission or other regulatory authority in the United States, nor have any of the foregoing authorities passed upon or endorsed the merits of the rights issue or the accuracy or adequacy of this announcement. Any representation to the contrary is a criminal offence in the United States.
This press release contains certain forward-looking information that reflects Northmill Group AB (publ)’s present view of future events as well as financial and operational development. Words such as “intend”, “assess”, “expect”, “may”, “plan”, “believe”, “estimate” and other expressions entailing indications or predictions of future development or trends, not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties as it depends on future events and circumstances. Forward-looking information is not a guarantee of future results or development and actual outcomes may differ materially from the statements set forth in the forward-looking information.