Conversion of Scandic's convertible bonds in an aggregated nominal amount of SEK 86.1 million to shares

In 2021 Scandic Hotels Group AB (publ) ("Scandic") issued convertible bonds in an aggregated nominal amount of SEK 1,800 million. Convertible bonds in an aggregated nominal amount of SEK 86.1 million have been converted to shares. After the conversion, the aggregated nominal amount for the outstanding convertible bonds amounts to SEK 433.4 million.

Through the conversion, the total number of shares and votes in Scandic increases with 1,985,605 to in total 209,163,023.

Through the conversion, the share capital increases with SEK 496,401.25 to in total SEK 52,290,755.75.

For more information, please contact:

Rasmus Blomqvist, Director Investor Relations, Scandic Hotels Group

Email: rasmus.blomqvist@scandichotels.com

Phone: +46 702 335 367

About Scandic Hotels Group

Scandic is the largest hotel company in the Nordic countries with a network of about 280 hotels with 58,000 rooms in operation and under development, in more than 130 destinations. The company is the leader when it comes to integrating sustainability in all operations and its award-winning Design for All concept ensures that Scandic hotels are accessible to everyone. Well loved by guests and employees, the Scandic Friends loyalty program is the largest in the Nordic hotel industry and the company is one of the most attractive employers in the region. Scandic is listed on Nasdaq Stockholm. www.scandichotelsgroup.com

https://news.cision.com/scandic-hotels-group-ab/r/conversion-of-scandic-s-convertible-bonds-in-an-aggregated-nominal-amount-of-sek-86-1-million-to-sha%2Cc4025555

Press release (PDF)