Put option right under 24Storage AB (publ)'s senior unsecured bonds
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Sektor | Tjänster |
| Industri | Allmänna tjänster |
Reference is made to the terms and conditions dated 29 September 2020 for the up to SEK 800,000,000 senior unsecured floating rate bonds with ISIN SE0014957551 due 2023 (the "Bonds") issued by 24Storage AB (publ) (the "Issuer") (the "Terms and Conditions").
Following an application from the board of directors of the Issuer, the shares in the Issuer will be delisted from Nasdaq First North Growth Market on 10 January 2022. The last day of trading was 7 January 2022. Hence, on 10 January 2022 a De-listing Event (as defined in the Terms and Conditions) has occurred.
Pursuant to Clause 9.4 (Mandatory repurchase due to a Change of Control Event, Listing Failure Event and De-listing Event (put option)) of the Terms and Conditions, each holder of a Bond (a "Bondholder") has a right to request that all, or only some, of its Bonds are repurchased at a price per Bond equal to 101.00 per cent. of the nominal amount together with accrued but unpaid interest.
A Bondholder that wishes to exercise its repurchase right (put option) shall within 20 Business Days from the date the notice of a De-listing Event is considered delivered pursuant to the Terms and Conditions (the date such notice shall be considered delivered is 13 January 2022 and the date falling 20 Business Days thereafter is hence 10 February 2022) ensure that a notice to repurchase some or all of its Bonds is delivered to the Issuer at the below address:
24Storage AB (publ)
Att. Fredrik Sandelin
Box 7723, 103 95 Stockholm, Sweden