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2019-03-11

Bygga Bostäder: CHR Bygga Bostäder Holding AB (publ) to finalise its recapitalisation

CHR Bygga Bostäder Holding AB (publ) (the "Company") today announces
that the conditions for the finalisation of the recapitalisation has
been fulfilled and a time plan for the finalisation. The Board of the
Company has today resolved on the issue of preferential shares class
A to bondholders.

The amended articles of association and authorisation adopted on the
extraordinary general meeting held on 1 March 2019 have been
registered with the Swedish Companies Registration Office. The Board
of the Company has today resolved to use the authorisation to issue
12,600,000 preferential shares class A to bondholders at a price of
SEK 5 per share with payment by way of set-off of SEK 63 million in
aggregate of the total nominal amount outstanding under the Company's
up to SEK 500,000,000 senior secured bonds with ISIN SE0010023770
(the "Bonds"). The so redeemed amount under the Bonds will be
equivalent to 30 per cent. and SEK 300,000 for each Bond.

In accordance with the resolution at the extraordinary general
meeting, the subordinated loans totalling SEK 10 million previously
disbursed to the Company from major shareholder Bertil Rydevik have
today been set-off against payment for ordinary shares in the
Company.

Consequently, the Company and the agent in respect of the Bonds are in
agreement that all conditions have been fulfilled for the
effectiveness of the amendments to the terms and conditions and the
partial redemption against payment by way of issuance of preferential
shares. The time plan for the finalisation of the recapitalisation is
set out hereunder.

Time plan for the finalisation of the recapitalisation

18 March 2019 Record date

25 March 2019 Persons registered as "Bondholders" in accordance with the terms and conditions for the Bonds on the Record date (i) receives 60,000 interim securities in respect of preferential shares class A in the Company for each Bond held and (ii) have SEK 300,000 in nominal amount written-off on each Bond.

25 March 2019 The amended terms and conditions for the Bonds become effective.

4 April 2019 Estimated date for exchanging interim securities in respect of preferential shares class A into preferential shares class A.

For further information, please contact:

Bertil Rydevik, acting CEO
Telephone: +46763 145 985
Email: bertil.rydevik@byggabostader.se

This information was submitted for publication, through the agency of
the contact person set out above, at 16:30 CET on 11 March 2019.

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https://news.cision.com/se/bygga-bostader/r/chr-bygga-bostader-holding-a...
https://mb.cision.com/Main/15687/2760545/1005683.pdf

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