Share 2020-03-30 17:29 RATOS B 20.20 SEK

Ratos to release c. SEK 400m by refinancing holding in HL Display


This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or demands made in the exchange rules.

Ratos has decided to refinance the holding in HL Display. This means that Ratos will receive a cash payment of approximately SEK 400m. The refinancing will be implemented to adapt the capital structure in HL Display to the new ownership structure with Ratos as the company's principal owner.

The refinancing of Ratos's holding in HL Display will be achieved by Ratos raising a loan in one of Ratos's wholly owned subsidiaries with Ratos's shares in HL Display as collateral. The refinancing will not affect HL Displays AB's (publ) balance sheet, but means that Ratos will receive approximately SEK 400m. Ratos's consolidated book value for HL Display will thus be adjusted downwards by a total of approximately SEK 400m. The refinancing will have no impact on Ratos's consolidated earnings. Current loans within HL Display AB (publ) are unaffected.

At the end of the extended acceptance period, on 27 August, Ratos owned 99.3% of the capital and 99.7% of the votes in HL Display.

For further information, please contact:
Arne Karlsson, CEO, +46 8 700 17 00
Emma Rheborg, Head of Corporate Communications and IR, +46 8 700 17 20