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Magnolia Bostad AB (publ) (“Magnolia Bostad”) publicizes in the present day the ultimate outcomes of its dated invitation March 8, 2021 holders of its excellent bonds described beneath (the “Bonds”) to deposit their Bonds for buy by Magnolia bostad for money (the “Public Buy Supply”), its intention to train its proper to voluntary complete early redemption of the Bonds and to make purchases on the open market of the Bonds.

Take-over bid

The Tender Supply was made below the situations and topic to the situations set out in an info doc on the decision for tenders dated March 8, 2021 (the “Data doc on the decision for tenders“), obtainable on the web site of Magnolia bostad: https://om.magnoliabostad.se/en/bonds

Upon expiry of the Supply to Buy at 12h00 CET positive March 11, 2021, legitimate submission directions from 117,000,000 SEK of a complete nominal quantity of Bonds had been acquired throughout the framework of the Tender Supply. Particulars of the quantity tendered are proven beneath.

As introduced on March 10, 2021, Magnolia bostad subject new senior unsecured floating fee inexperienced bonds with an mixture nominal quantity of 500,000,000 SEK and the brand new financing situations (as outlined within the info doc on the decision for tenders) have due to this fact been fulfilled. Due to this fact, all legitimate bidding directions acquired will likely be accepted for buy by Magnolia bostad. Following the completion of the decision for tenders Magnolia Bostad Supply will maintain Bonds for a complete quantity of 464,000,000 SEK. The redeemed Bonds will likely be stored by Magnolia bostad and won’t be canceled till prepayment (as outlined beneath).

The acquisition value payable per Bond is proven beneath, as well as Magnolia bostad pay an quantity equal to any accrued and unpaid curiosity on the related Bonds (in accordance with the relevant phrases and situations of the Bonds):

Description of the Bonds / ISIN / Quantity of the Supply Supplied / Quantity of the Supply Accepted / Quantity in progress after the Supply to Buy / Buy Value

2016/2021 Sr Unsec FRN / SE0009155625 / 117,000,000 SEK / 117,000,000 SEK / 600,000,000 SEK / 100.521%

Settlement of the tender supply will happen on or round March 18, 2021. Settlement of transactions in accordance with the tender supply will happen as secondary transactions by way of Nordea Financial institution Abp and Swedbank AB (publ) (the “Affiliate bookkeepers“ and the “Seller managers“). All bidders are to instantly coordinate industrial reservations with their native gross sales consultant.

Anticipated voluntary complete buyback

Not later than March 16, 2021, Magnolia bostad notify all holders of the Bonds of the voluntary early redemption of the Bonds in full in accordance with Clause 10.3 (Voluntary complete buyback) within the normal situations (the “Early redemption“). The reimbursement date will likely be April 13, 2021 (the “Reimbursement date“) and the registration date for the early compensation will likely be April 6, 2021 (the “Registration Date“).

All excellent bonds will likely be redeemed on the 100.00 p.c redemption value. of the nominal quantity (i.e. 1,000,000 SEK per Bond) in addition to accrued and unpaid curiosity as much as and together with the Redemption Date (the “Quantity of reimbursement“). The Redemption Quantity will likely be paid to every individual registered because the proprietor of Bonds within the debt register stored by Euroclear Sweden on the finish of enterprise on the reference date.

As a part of the early redemption, the bonds will likely be delisted from Nasdaq Stockholm.

Free market purchases

Till the registration date for early compensation, Magnolia bostad intends to make open market purchases of all Bonds which haven’t beforehand been redeemed by Magnolia bostad at a purchase order value akin to the Redemption Quantity.

Data on the takeover bid and early redemption might be obtained from the broker-managers.

Joint bookkeepers and dealership managers
Nordea Financial institution Abp: +45 6161 2996, [email protected]
Swedbank AB (publ): +46 (0) 8700 90 22, [email protected]

Magnolia bostad

Fredrik westin, CFO
[email protected] or tel. +4672 720 00 06

This info is info that Magnolia bostad is obliged to make public in accordance with the EU Market Abuse Regulation. The data was submitted for publication, by way of the contact individual talked about above, at 2:45 p.m. CET on March 11, 2021.

Magnolia Bostad AB, CIN 556797-7078, is a number one city developer creating new residential properties primarily rental flats, but additionally tenant-owned flats, group service properties and resorts, in enticing places throughout Sweden development areas and huge cities. Housing is developed each on the market and for self-management. Our work is predicated on a holistic strategy the place operations are carried out in a method that promotes long-term sustainable city improvement. Magnolia Bostad’s (MAG) shares are listed on Nasdaq Stockholm. Extra info is obtainable at www.magnoliabostad.com/en

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