LEOVEGAS GIVES NOTICE OF DE-LISTING AND REPURCHASE OFFER UNDER BOND TERMS AND CONDITIONS
Reference is made to LeoVegas Group AB’s (publ) (“LeoVegas”) senior unsecured bonds with ISIN SE0015242854 (the ”Bonds”) and the terms and conditions for the Bonds (the ”Terms and Conditions”).
In line with what LeoVegas has previously communicated, the shares of LeoVegas have on 22 September 2022 been de-listed from Nasdaq Stockholm. For further information on the de-listing, please refer to the press releases made by LeoVegas on 1 September 2022 and 8 September 2022. The de-listing of constitutes a “Change of Control Event” under the Terms and Conditions and LeoVegas has today sent a notice regarding the de-listing to directly registered bondholders and the agent Intertrust (Sweden) AB.
The de-listing provides each bondholder with a right (but not an obligation) to, within 60 calendar days, request that Leovegas repurchases all, or some only, of its Bonds at a price equal to 101.00 per cent. of the nominal amount together with accrued but unpaid interest.
The abovementioned notice to the bondholders and the agent and further information regarding the terms and conditions for the repurchase offer are available at company’s website, www.leovegasgroup.com under Investor Relations.
The Issuer has appointed Swedbank AB (publ) to act as paying agent in connection with the repurchase offer. Owners of Bonds who do not accept the repurchase offer, or has not validly exercised the put option, will continue to own their Bonds.