Correction of notice of redemption of senior secured callable bonds

Cherry AB (publ) – STO: CHER-B.ST – gave notice of redemption of Cherry’s outstanding bond loan with ISIN SE0008321616 on 12 February 2019. Today, Cherry gives notice of correction of said notice.

The redemption will be carried out on 15 March 2019 as a combination of a voluntary partial redemption and a voluntary total redemption.

In the notice of redemption published on 12 February 2019, it was stated that the amounts to be paid for the partial and total redemptions would be paid in aggregate in an amount corresponding to 103.0925 per cent of the outstanding nominal amount of each bond. Said notice did not account for amortization payments amounting to EUR 18,450,000, which have resulted in the total outstanding amount as of today being EUR 166,050,000 (rather than EUR 184,500,000 as contemplated in the notice published on 12 February 2019). 

As a consequence of the above, the amounts to be paid for the partial and total redemptions will be paid in aggregate in an amount corresponding to 103.0861 per cent of the outstanding nominal amount of each bond (and not 103.0925 per cent as stated in the previous notice), together with accrued but unpaid interest on the early redemption date, to each person registered as an owner of bonds in the debt registered (Sw. skuldbok) maintained by Euroclear Sweden AB on 8 March 2019. 

In connection with the redemption, the bonds will be delisted from Nasdaq Stockholm.

More information is available in the notice of correction, which is published in full on Cherry’s website, www.cherry.se, and on Stamdata, www.stamdata.com.

For further information, please contact:
Christine Rankin, CFO: +46 765 399 492, christine.rankin@cherry.se
Anders Antonsson, IR & Communications: +46 709 994 970, anders.antonsson@cherry.se

This information is such that Cherry 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 persons set out above on 7 March 2019, at 3:00 p.m. CET.

CHERRY IN BRIEF

Cherry is an innovative and fast-growing company within gaming, entertainment and media. Established in 1963, today Cherry operates through five diversified business areas: Online Gaming, Game Development, Online Marketing, Gaming Technology, and Restaurant Casino. The Group’s objective is to grow organically in combination with strategic acquisitions of fast-growing companies. Bridgepoint Europe VI Fund is the principle owner of Cherry AB. The Company’s class B share is listed on the Nasdaq Stockholm exchange, Mid Cap segment. More information is available at www.cherry.se