Swedish Electromagnet Invest AB (Publ) : SEM initiates a written procedure to request a two-month extension of the maturity date of its bonds

SEM initiates a written procedure to request a two-month extension of the maturity date of its bonds

Swedish Electromagnet Invest AB (publ) (the "Company" or "SEM") announces that the Company today has initiated a written procedure (the "Written Procedure") among the holders of its outstanding bond loan 2018/2023 with ISIN SE0011167600 (the "Bonds") to request the holders' consent to extend the maturity of the Bonds with two months. As announced by SEM in a press release dated 11 November 2022, SEM has negotiated a long-term solution for its financing with certain major holders of the Bonds (representing 50.6 per cent. of the adjusted nominal amount of the Bonds) (the "Holders"). The negotiations with Holders are still ongoing and the parties have made further progress. In order to finalise the negotiations, the Company requests an additional extension of the maturity of the Bonds with two months.

SEM has today instructed Nordic Trustee & Agency AB (publ) (the "Agent"), in its capacity of agent under the Bonds, to send a notice of Written Procedure including voting instructions to the direct registered owners and registered authorised nominees of the Bonds in the Company's debt ledger held with Euroclear Sweden as per 14 February 2023. The notice of Written Procedure is available on the Company's website and the Agent's website.

The outcome of the Written Procedure will be announced by way of press release in connection with the termination of the Written Procedure. The voting record date is 20 February 2023 and the last day for voting in the Written Procedure is 27 February 2023.

For questions regarding the proposal in the Written Procedure, please contact Pareto Securities AB, acting as advisor to the Company in connection with this Written Procedure with the following contact information: Att. Jonas Hellberg, +46 8 402 5110, email: Jonas.Hellberg@paretosec.com.

For questions to the Agent regarding the administration of the Written Procedure, please contact the Agent at voting.sweden@nordictrustee.com or +46 8 783 79 00.

For further information, please contact the Company:

Halvar Jonzon, Chairman of the board
halvar.jonzon@telia.com
+46 70 663 65 67

Christina Hallin, CEO
christina.hallin@sem.se
+46 70 821 11 89

This information is information that the Company is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, on 15 February 2023, at 17:30 CET.

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