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2022-08-18

Scandic Hotels Group AB: Conversion of Scandic's convertible bonds in an aggregated nominal amount of SEK 2 million to shares

In 2021 Scandic Hotels Group AB (publ) ("Scandic") issued convertible bonds in an aggregated nominal amount of SEK 1,800 million. Convertible bonds in an aggregated nominal amount of SEK 2 million have been converted to shares. After the conversion, the aggregated nominal amount for the outstanding convertible bonds amounts to SEK 1,798 million.

Through the conversion, the total number of shares and votes in Scandic increase with 46,123 to in total 191,304,116. Through the conversion, the share capital increases with SEK 11,530.75 to in total SEK 47,826,029.
The information was submitted for publication at 13.00 CEST on August 18, 2022.
For more information, please contact:
Åsa Wirén, CFO, Scandic Hotels Group
Email: asa.wiren@scandichotels.com
Telephone: +46 706 44 533

About Scandic Hotels Group
Scandic is the largest hotel company in the Nordic countries with more than 280 hotels, in operation and under development, in more than 130 destinations. The company is the leader when it comes to integrating sustainability in all operations and its award-winning Design for All concept ensures that Scandic hotels are accessible to everyone. Well loved by guests and employees, the Scandic Friends loyalty program is the largest in the Nordic hotel industry and the company is one of the most attractive employers in the region. Scandic Hotels is listed on Nasdaq Stockholm. www.scandichotelsgroup.com

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