On March 19, 2021, BICO Group AB (publ) (“BICO” or the “Company”) issued senior unsecured convertible bonds with a total nominal amount of SEK 1,500,000,000 (the “Convertible Bonds”).

On February 18, 2025, the Company repurchased Convertible Bonds with a total nominal amount of SEK 276,000,000 at a purchase price of 89.4719 percent (excluding accrued but unpaid interest) of the Convertible Bond’s nominal amount. The total purchase consideration for the bought-back Convertible Bonds thereby amounted to SEK 246,942,500 (the “Buyback”). Following the Buyback, and together with the Convertible Bonds repurchased by BICO on 22 November 2024 (as separately communicated), the total nominal amount of repurchased Convertible Bonds by BICO totals SEK 394,000,000 leaving SEK 1,106,000,000 in Convertible Bonds outstanding.

The rationale behind the Buyback was to optimize BICO’s capital structure and made possible by the Company’s strong liquidity position. BICO will continue to evaluate the bond market and may from time to time repurchase further Convertible Bonds in the market, subject to the liquidity needs of the Company.

The Buyback was conducted through a safe harbour approach with Carnegie Investment Bank AB (publ) as Dealer Manager.