Pamica Group AB (publ) (“Pamica” or the “Company”) has, on 5 December 2024, issued senior secured bonds in a nominal amount of SEK 1,200,000,000 (the “Initial Bonds”) and on 14 November 2025 subsequent senior secured bonds in a nominal amount of SEK 250,000,000 (the “Subsequent Bonds” and together with the Initial Bonds, the “Bonds”) under its existing bond framework of maximum SEK 2,000,000,000 with ISIN SE0023440961.
The Company prepared a prospectus for the admission to trading of the Bonds on Nasdaq Stockholm which was subsequently approved by the Swedish Financial Supervisory Authority on 24 November 2025 (the “Listing Prospectus”). It has now come to the Company’s attention that although the Listing Prospectus covered all outstanding Bonds (i.e. in a total nominal amount of SEK 1,450,000,000) only the Initial Bonds were subsequently admitted to trading on Nasdaq Stockholm. As a result, the Subsequent Bonds were not admitted to trading on the corporate bond list of Nasdaq Stockholm within 60 days of the issue date for the Subsequent Bonds which technically constitutes a breach of clause 16.2(b) of the terms and conditions for the Bonds (the “Terms and Conditions”).
Since this error came to the Company’s attention, it has taken immediate steps to remedy the outstanding default under the Terms and Conditions. The Company has filed an application to complete the outstanding amount by admitting the Subsequent Bonds to trading on the corporate bond list of Nasdaq Stockholm. Nasdaq Stockholm has today confirmed that such application is approved. The Subsequent Bonds are expected to be admitted to trading on Nasdaq Stockholm on 14 April 2026.