To the noteholders in:
ISIN: SE0011166842 – DistIT AB (publ) maximum SEK 500,000,000 senior unsecured floating rate notes 2018/2022
CONDITIONAL NOTICE OF EARLY REDEMPTION
This conditional notice of early redemption (the “Notice”) has been sent on 10 May 2021
to Noteholders directly registered as of 7 May 2021 in the debt register (Sw. skuldbok) kept
by the CSD. If you are an authorised nominee under the Swedish Central Securities
Depositories and Financial Instruments Accounts Act or if you otherwise are holding Notes
on behalf of someone else on a securities account, please forward this Notice to the
Noteholder you represent as soon as possible.
Reference is made to the terms and conditions of the abovementioned note issue (the “Notes”) issued by DistIT AB (publ) (the “Issuer”) initially on 14 May 2018 in accordance with the terms and conditions for the Notes (the “Terms and Conditions”).
All capitalised terms used herein and not otherwise defined in this Notice shall have the meaning assigned to them in the Terms and Conditions.
The Issuer hereby gives conditional notice to all Noteholders of the Issuer’s outstanding Notes for early redemption of the Notes in full in accordance with Clause 9.3 (Voluntary total redemption (call option))) in the Terms and Conditions (the “Redemption”). Subject to the condition described below, the Redemption Date is set to 4 June 2021 and the Record Date for the early redemption will be 28 May 2021, i.e. five (5) Business Days prior to the Redemption Date.
The Redemption is conditional upon the successful settlement of a SEK-denominated senior unsecured debt capital markets transaction (in accordance with the press release published by the Issuer on the date hereof) prior to the Record Date (the “Condition”). The fulfilment of the Condition as well as a confirmation of the final Redemption Date and the Record Date will be confirmed to the Noteholders through a press release. Should the Condition not be fulfilled by the Record Date, the Redemption will not occur (unless the Condition has been waived by the Issuer at its sole discretion) which will, in such case, be confirmed to the Noteholders through a press release.
If the Condition is satisfied or waived by the Issuer, the Redemption will be irrevocable and all outstanding Notes will be redeemed at the redemption price of 100.50 per cent. of the total outstanding Nominal Amount (i.e., SEK 1,005,000 per Note).
Any accrued and unpaid interest will also be paid in respect of the Notes in accordance with the Terms and Conditions. The redemption amount together with accrued and unpaid interest up to and including the Redemption Date will be paid to each person who is registered as owner of Notes in the debt register maintained by Euroclear Sweden AB at end of business on the Record Date.
In connection with the Redemption, the Notes will be delisted from Nasdaq Stockholm.
This Notice of early redemption is irrevocable and is governed by Swedish law. This Notice is for information purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities of the Issuer.
For further information, please contact the Issuer at:
Philip Gunnarsson, CFO DistIT AB (publ)
philip.gunnarsson@distit.se
+46 (0)73 532 57 47