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2021-04-06

Genova Property Group AB (publ): Genova proposes redemption of all outstanding preference shares

Genova Property Group AB (publ) (the "Company" or "Genova") announces today that the Company has proposed to redeem the outstanding preference shares in accordance with the redemption clause in the Company's current registered articles of association, as described in the notice to the annual general meeting in Genova published on the Company's website, www.genova.se, today 6 April 2021 (the "Redemption"). Based on a redemption date of 14 June 2021, the redemption amount will be SEK 130.70 per preference share. Proposed record date for the redemption is 9 June 2021.

The annual general meeting's approval and the completion of the Redemption is conditional upon that the holders of the Company's outstanding bond loan 2019/2023 with ISIN SE0013222593 ("Bonds 2019/2023") and bond loan 2020/2024 with ISIN SE0014808820 ("Bonds 2020/2024") approve the Redemption.

The Company has today initiated written procedures (the "Written Procedures") under the Bonds 2019/2023 and the Bonds 2020/2024 for the purpose to request the holders' approval of the Redemption.

Genova has today instructed Intertrust Sweden (the "Agent"), in its capacity of agent under the Bonds 2019/2023 and the Bonds 2020/2024, to send notices of the Written Procedures including voting instructions to the direct registered owners and registered authorised nominees of the Bonds 2019/2023 and the Bonds 2020/2024 in the Company's debt ledger held with Euroclear Sweden as per 1 April 2021. The notices of the Written Procedures are available on the Company's website, www.genova.se and on the Agent's website, www.intertrustgroup.com.

Genova has received undertakings to vote in favour of the proposals in the Written Procedures and received support for the proposals in the Written Procedures by holders representing approximately 54.5 per cent of the outstanding nominal amount under the Bonds 2019/2023 and by holders representing approximately 35.6 per cent of the outstanding nominal amount under the Bonds 2020/2024.

The outcome of the Written Procedures will be announced by way of press release in connection with the termination of the Written Procedures. The voting record date is 14 April 2021 and the last day for voting in the Written Procedures is 30 April 2021. The Written Procedures may however be terminated before the expiry of the voting period if a requisite majority has been obtained.

For questions regarding the administration of the Written Procedures, the documentation or the voting procedure, please contact the Agent at trustee@intertrustgroup.comor on +46 70 68 819 10.

For further information, please contact:

CEO, Michael Moschewitz, mobile +46 (0)707 13 69 39, michael.moschewitz@genova.se

The information was submitted for publication, by the contact person set out above, at 8.00 a.m. CEST on 6 April 2021.

ABOUT GENOVA
Genova Property Group AB (publ) is a modern property company with a personal touch that owns, manages and develops properties with a focus on Greater Stockholm and the Uppsala Region. On 31 December 2020, the value of the company's property portfolio amounted to approximately SEK 5.4 billion with a lettable area of approximately 190,000 sqm and the company held 5,890 building rights for residential units. Genova's preference shares and ordinary shares have been listed on Nasdaq Stockholm since 12 June and 30 June 2020, respectively.

Genova Property Group - Smålandsgatan 12 - SE-111 46 Stockholm - www.genova.se

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