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Balder Invest AB - Tender Offer (Unmodified Dutch Auction) - Results

BALDER INVEST AB ANNOUNCEMENT OF RESULTS - XS2305362951

02 OCTOBER 2023


Full announcement including disclaimers and offer restrictions available via Euronext


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"The Offeror today announces thatit will accept for purchase EUR 44,410,000 in aggregate principal amount of Securities validly tendered pursuant to the Offer. The Offeror will accept (i) Non-Competitive Tender Instructions received in full, (ii) Competitive Tender Instructions received which specified an Offer Price below the Maximum Purchase Price in full, and (iii) Competitive Tender Instructions received which specified the Maximum Purchase Price as the Offer Price on a pro rata basis, subject to the Scaling Factor mentioned in the table below.


The final results of the Offer are as follows:"



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BALDER INVEST AB ANNOUNCEMENT OF TENDER OFFER - XS2305362951

25 SEPTEMBER 2023


Full announcement including disclaimers and offer restrictions available via Euronext


"Balder Invest AB (the "Offeror") announces today its invitation to holders of the EUR 500,000,000 Subordinated Fixed to Reset Rate 5.25 Year Non-Call Capital Securities due 2081 (ISIN: XS2305362951) (the "Securities") issued by Fastighets AB Balder (publ) (the "Issuer"), to tender such Securities for purchase by the Offeror for cash (the "Offer") at prices to be determined pursuant to an unmodified Dutch auction on the terms and subject to the conditions set out in the tender offer memorandum dated 25 September 2023 (the "Tender Offer Memorandum") prepared by the Offeror. The Offer is subject to the offer and distribution restrictions set out below and as more fully described in the Tender Offer Memorandum.


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"Summary of the Offer


A summary of certain terms of the Offer appears below:"


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"Rationale for the Offer


The purpose of the Offer is, amongst other things, to proactively manage the Issuer's layer of hybrid capital. Through the transaction, the Issuer expects to reduce its EUR 444,100,000 hybrid capital portfolio by up to EUR 44,410,000."


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