HLRE Holding Oyj – Update on Completion of the Recapitalization

HLRE Holding Oyj (the "Company") announced on 18 March 2026 the successful completion of the written procedure that was initiated on 24 February 2026 (the “Written Procedure”) in relation to the Company's senior secured bonds with ISIN SE0015530712 (the "Bonds"), regarding the Recapitalization (as defined in the notice to the Written Procedure) of the Company (the "Recapitalization").

The Company is pleased to provide the following update on the implementation of the Recapitalization and the timing of the remaining steps.

As part of the implementation, the application for delisting of the Bonds was submitted to Nasdaq Stockholm on 30 March 2026. The Bonds are to be delisted from Nasdaq Stockholm today, on 1 April 2026, after market close. The cancellation of the Bonds at Euroclear Sweden AB shall be carried out by the Administrative Agent (as defined in the notice to the Written Procedure) after the market close today, on 1 April 2026, and be effective the following business day.

Completion (as defined in the notice to the Written Procedure) occurred as of yesterday, 31 March 2026, as all remaining Conditions (as defined in the notice to the Written Procedure) having been fulfilled.

In order to deliver the preference shares and the new ordinary shares to the respective subscribers, the preference shares and new ordinary shares shall be registered with Euroclear Finland. Such registration and the subsequent distribution of the preference shares and new ordinary shares would be subject to administrative processing times. Information regarding the expected timing for the delivery of the preference shares and new ordinary shares to the relevant accounts with Euroclear Finland will be communicated by the Agent (as defined in the notice to the Written Procedure) directly to the relevant parties as soon as further information is available regarding the processing times.

The dates and order of actions are preliminary and indicative only. Any changes to dates material for the bondholders will be published on the websites of the Company and the Agent.

For additional information, please contact:

 

Kimmo Riihimäki, Group CEO, +358 40 073 0671

Antti Kärkkäinen, interim CFO, +358 40 844 4393