Bifogade filer
BICO Group AB (publ) has repurchased convertible bonds to a total nominal amount of SEK 118m
Prenumeration
Beskrivning
| Land | Sverige |
|---|---|
| Lista | Mid Cap Stockholm |
| Sektor | Hälsovård |
| Industri | Medicinteknik |
On March 19, 2021, BICO Group AB (publ) (“BICO” or the “Company”) issued senior unsecured convertible bonds with a total nominal amount of SEK 1,500,000,000 (the “Convertible Bonds”).
On November 22, 2024, the Company repurchased Convertible Bonds with a total nominal amount of SEK 118,000,000 at a purchase price of 83.63 percent (excluding accrued but unpaid interest) of the Convertible Bond’s nominal amount. The total purchase consideration for the bought-back Convertible Bonds thereby amounted to SEK 98,682,500 (the “Buyback”). Following the Buyback, BICO’s holdings of the Convertible Bonds totals a nominal amount of SEK 118,000,000.
The rationale behind the Buyback was to optimize BICO’s capital structure and made possible by the Company’s strong liquidity position. BICO will continue to evaluate the bond market and may from time to time repurchase further Convertible Bonds in the market, subject to the liquidity needs of the Company.
Carnegie Investment Bank AB (publ) acted as Dealer Manager in the Buyback.