AMF’s investment in LEAX has been completed
Summary
As communicated in LEAX Group ABs (LEAX or the Company) press release on 1 April 2022, AMF Tj\xe4nstepension AB (AMF) undertook, pursuant to an investment agreement entered into on 1 April 2022, to invest MSEK 300 in the Company (the Investment). In connection therewith, it was also announced that the Company intends to acquire four investment properties which are currently leased by LEAX (the Property Transaction) and that the Company in connection with the completion of the Investment intends to initiate an early redemption procedure regarding the Companys bond loan 2018/2022 with a total outstanding amount of MSEK 300 (the Bonds).LEAX can on this day, 7 April 2022, announce that the Investment has been completed, which has entailed that MSEK 300 has been received by the Company and that AMF has entered as a major shareholder in LEAX as well as that the Property Transaction has been completed.In addition, the Company has on this day initiated an early redemption procedure regarding the Bonds and distributed an irrevocable and unconditional notice of early redemption of the Bonds to those who were registered as holders of the Bonds in the debt register maintained by Euroclear Sweden as of 6 April 2022 and which also is available on the Companys website (the Redemption Notice). of the outstanding amount, corresponding to 1,036,250 per bond, which will be paid to those registered as holders of the Bonds in the debt register maintained by Euroclear Sweden on the record date 28 April 2022. LEAX has operations in K\xf6ping, Falun and Falk\xf6ping in Sweden, Riga and Rezekne in Latvia, Curitiba in Brazil, Detmold in Germany, Mez\xf6k\xf6vesd in Hungary and Wuxi in China. LEAX Group also delivers customized gearboxes for various mechanical engineering industries.