Fabege’s convertible debenture loan, 2004/2009, became due for payment on 1 October 2009.
- No action is required from holders of convertible bonds who wish to receive cash payment. When the convertibles fall due for payment on 1 October 2009, payment will be made by Euroclear Sweden AB (formerly VPC) to the yield account connected to the securities account.
- Holders of convertible bonds who wish to convert to shares must fill in the application form, which is then submitted/despatched/faxed to Handelsbanken Capital Markets no later than 1 September 2009. In conjunction with conversion, the right to interest expires as of the immediately preceding due interest date. The conversion price is SEK 41.80, meaning that 1 (one) share will be received for each nominal holding of SEK 41.80. The application form may also be received from Fabege by telephoning +46(0)8-555 148 00.
Repayment of the debenture loan is not taxable income. Interest received is taxed as interest income in the category income from capital.
The conversion itself is not taxed. According to rules governing gains on equity instruments, taxation occurs only when the shares are sold. In this case, the acquisition price for the shares is the conversion price. More information on the tax consequences is available in the prospectus under the section Tax questions in Sweden.
For customers who lack information on how they acquired the security, the custodial bank/institution can assist by means of a historical search in the VPC system.
|Summary of terms, conditions and time schedule|
|Final application date for conversion
||1 September 2009|
||SEK 41.80 |
|Final due date
||1 October 2009|