Reference is made to Genova Property Group AB's (publ) (the "Company" or "Genova") announcement on 13 March 2025, according to which the Company, in connection with the contemplated transaction of new senior unsecured floating rate green bonds with an expected issue amount of SEK 650 million (the "New Bonds"), invited the holders of the Company's outstanding senior unsecured green bonds with ISIN SE0018397705 to participate in a tender offer as further described in the tender information document dated 13 March 2025 (the "Tender Information Document") subject to the terms and conditions set forth in the Tender Information Document (the "Tender Offer").
In accordance with the Tender Information Document, the Company hereby announces that the Tender Offer will expire at 15.00 CET today 19 March 2025, upon book close of the book building process for the New Bonds, unless the Tender Offer is extended, re-opened, withdrawn or terminated at the sole and absolute discretion of the Company. The settlement of the Tender Offer is expected to occur on 1 April 2025. The Tender Offer remains conditional upon the consummation of the issue of the New Bonds (as defined in the Tender Information Document).
Carnegie Investment Bank AB (publ), Danske Bank A/S, Danmark, Sverige Filial and Swedbank AB (publ) have been mandated as dealer managers for the tender offer. Gernandt & Danielsson Advokatbyrå KB has been mandated as legal advisor.
The tender information document is available on the following link: https://genova.se/investors/bonds/.
For further information, please contact:
CEO, Michael Moschewitz, mobile +46 (0)70-713 69 39, michael.moschewitz@genova.se
About Genova
Genova Property Group AB (publ) is a dynamic property company with extensive expertise in various segments of the property market. The company aims to drive sustainable value growth through active property management, urban development, project development and property transactions in Sweden. As of 31 December 2024, Genova owned properties valued at approximately SEK 10.0 billion and the company held a substantial building rights portfolio. Genova's share has been listed on Nasdaq Stockholm since 2020.
Genova – Smålandsgatan 12 – SE-111 46 Stockholm – www.genova.se