ZetaDisplay gives notice that the condition for voluntary total redemption of its outstanding bonds has been satisfied
February 15 2023 - 8:00AM
ZetaDisplay gives notice that the condition for voluntary total
redemption of its outstanding bonds has been satisfied
ZetaDisplay gives notice that the condition for
voluntary total redemption of its outstanding bonds has been
satisfied
Malmö, 15 February 2023
ZetaDisplay AB (publ) (the
“Issuer”) confirms that the financing condition
contained in the notice of conditional redemption given on 1
February 2023 to all holders of its SEK 300 million senior
unsecured bonds with maturity in March 2023 (ISIN: SE0013109568)
(the “2019/2023 Bonds”) has been satisfied.In the
notice of conditional redemption dated 1 February 2023 from the
Issuer to the holders of the 2019/2023 Bonds (the
“Redemption Notice”), the Issuer notified the
holders of the 2019/2023 Bonds of its intention to redeem the
2019/2023 Bonds, subject to the settlement of senior secured bonds
of SEK 300 million (the “Condition”).
The Issuer hereby confirms that the Condition
has been satisfied through the settlement of senior secured bonds
of SEK 300 million with maturity in February 2026 (ISIN:
SE0018742488) and that the Issuer will redeem the 2019/2023 Bonds
on 27 February 2023 (the “Redemption Date”).
Consequently, as notified in the Redemption Notice, the record date
will be 20 February 2023.
The 2019/2023 Bonds will accordingly be redeemed
on the Redemption Date at a redemption price of equivalent to the
sum of the nominal amount of the 2019/2023 Bonds and accrued but
unpaid interest on the 2019/2023 Bonds up to and including the
Redemption Date in accordance with the terms and conditions of the
2019/2023 Bonds.20 February 2023 will be the last day for trading
of the 2019/2023 Bonds and the 2019/2023 Bonds are expected to be
delisted on that date.
This information is information that ZetaDisplay
AB (publ) 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 below, at 14.00 CET on 15
February 2023.
For further information please contact:
Per Mandorf, President & CEO E-Mail:
per.mandorf@zetadisplay.com
Michael van Straten, CFO E-Mail:
michael.vanstraten@zetadisplay.com
Robert Bryhn, CMO / Head of Communication
E-Mail: robert.bryhn@zetadisplay.com
About ZetaDisplay
ZetaDisplay is a leader in the Nordic region and second in
Europe and we drive the digital transformation in physical
environments on a daily basis. Our solutions, concepts and software
digitize, influence and inform people's behavior at the time of
decision-making in stores, in public environments and in
workplaces. Our solutions are known as Digital Signage which we
develop and offer as SaaS solutions. We are a global leader that
actively influences the development of the international Digital
Signage market organically, through innovation and through
acquisitions.ZetaDisplay is based in Malmö and employs approx 220
employees in offices in Germany, Netherlands, Norway, Denmark,
Finland and Sweden. In total, the company manages over 80,000
installations in more than 50 markets. ZetaDisplay is owned by the
British investment company Hanover Investors.
More information at www.zetadisplay.com and
www.ir.zetadisplay.com and www.hanoverinvestors.com
- Notice that the condition for voluntary total redemption of its
outstanding bonds has been satisfied
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