GG Amager Strandvej Holding Aps

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GG Amager Strandvej Holding Aps GG Amager Strandvej Holding ApS COMPANY DESCRIPTION In relation to the admission to trading of the company’s fixed rate secured 1st lien secured loan bond 2017/2019 and fixed rate 2nd lien secured bond loan 2017/2019 June 2018 First North Disclaimer “First North Bond Market is an alternative marketplace operated by an exchange within the NASDAQ group. Issuers on First North Bond Market are not subject to the same rules as Issuers on the regulated main market. Instead they are subject to a less extensive set of rules and regulations. The risk in investing in an Issuer on First North Bond Market may therefore be higher than investing in an Issuer on the main market. At least during the application process Issuers – except for Issuers whose securities are already admitted to trading on a regulated market or a First North market – applying for admission to trading of fixed income instruments on First North Bond Market shall have a Certified Adviser who monitors that the rules are followed. The Exchange approves the application for admission to trading”. CERTIFIED ADVISOR TABLE OF CONTENT Important information 1 Investment summary 1st lien bonds 5 Investment summary 2nd lien bonds 7 Summary corporate and financing structure 10 Risk factors 12 The project 23 The market 31 Gefion group 40 Additional information 50 FY 2017 Audited Financial Statement 55 Appendix 1 Bond terms 1st lien Appendix 2 Bond terms 2nd lien Appendix 3 Amendment agreements Appendix 4 Intercreditor agreement IMPORTANT INFORMATION Issuer GG Amager Strandvej Holding ApS c/o Gefion Group A/S, Østergade 1, 2nd floor DK-1100 Copenhagen K Tel: +45 70 23 20 20 www.gefiongroup.com Bond trustee Nordic Trustee A/S Bredgade 30 DK-1260 Copenhagen K Tel: +45Axeltorv 7219 2 6407 Web:DK- www.nordictrustee.com1609 Copenhagen V Tel: +45 3341 4141 Legal advisors to the IssuerWeb: www.gorrissenfederspiel.com Legal advisors to the financial advisors and the bond trustee Bruun & Hjejle Advokatpartnerselskab Accura Advokatpartnerselskab Nørregade 21 Tuborg Boulevard 1 DK-1165 Copenhagen K DK-2900 Hellerup Tel: +45 3334 5000 Tel: +45 3945 2800 Web: www.bruunhjejle.dk Web: www.accura.dk Financial advisors Pareto Securities AS Pareto Securities AS, Copenhagen Branch Dronning Mauds gt. 3, P.O. Box 1411 Vika Sankt Annæ Plads 13 N-0115 Oslo DK-1250 Copenhagen K Tel: +47 2287 8700 Tel: +45 78 73 48 00 Web: www.paretosec.com Web: www.paretosec.com Independent Auditor PKF Munkebo Vindelev 1 LISTING INFORMATION The terms of the Bonds include an undertaking requiring the Issuer to procure that the Bonds are listed on the Nasdaq Copenhagen A/S and to be admitted to trading on Nasdaq Copenhagen A/S’s regulated market or First North Bond Market Copenhagen within 12 months from the Issue Date. REASONS FOR APPLICATION FOR ADMISSION TO FIRST NORTH The Company wishes to provide a market for its Bondholders to trade their Bonds and also to attract investment in the Bonds from investors only able to invest in bonds that are admitted to trading on a public market. Application for Admission is made for all of the bonds that are a part of the two issues. CERTIFIED ADVISOR: Pareto Securities AS, Copenhagen Branch Sankt Annæ Plads 13 DK-1250 Copenhagen K Pareto Securities A/S has been appointed as Certified Advisor. NEWS PROVIDER The Issuer has engaged West Corporation to disseminate regulatory announcements to the market. LIQUIDITY PROVIDER The Issuer will consider the appointment of a liquidity provider in due course but one has not been appointed at the date of Admission INDEPENDENT AUDITORS The auditor of the Issuer is PKF Munkebo Vindelev, State Authorized Accountant, registration number 14119299, authorized by the Danish Business Authority and regulated by the Danish Act on State Authorized Public Accountants and otherwise by the law of Denmark, who conducts audits in accordance with audit standards, as defined in the Bond Terms. TAX CONSIDERATIONS Potential investors are strongly recommended to contact their own tax adviser to clarify the individual consequences of their investment, holding and disposal of the Bonds. The Issuer makes no representations regarding the tax consequences of purchase, holding or disposal of the Bonds. IMPORTANT DATES Semi-annual financial results to 30.06.2018: 30.08.2018 Annual report, year to 31.12.2017: 31.05.2018 Annual General Meeting: 31.05.2018 2 CLEARING AND SETTLEMENT INFORMATION The Bonds will be issued in uncertificated book entry form cleared through VP SECURITIES A/S (“VP”). The address of VP is Weidekampsgade 14, 2300 Copenhagen S. The method of, and deadline for, payment and delivery of the Bonds may be agreed between the Issuer and the investors in the Bonds. Legal title to the Bonds will exclusively be evidenced by book entries in the register of VP. The Bonds will not be exchangeable for physical bonds. Registration and settlement of transactions in respect of the Bonds will take place in accordance with the rules and procedures for the time being of VP. A bridge currently exists between each of VP, Clearstream Banking, société anonyme (“Clearstream”) and Euroclear Bank, SA / NV (“Euroclear”, and together with Clearstream and VP and referred to as the “Securities Depositaries” and each referred to as a “Securities Depositary”). Holders of accounts with Clearstream and/or Euroclear will be able to purchase Bonds without holding an account with VP. Holders of accounts with any Securities Depositary will be able to transfer Bonds to account holders with any other Securities Depositary in accordance with the rules and procedures for the time being of the relevant Securities Depositary. ISIN: DK0030405774 – 1st Lien Bonds ISIN: DK0030405857 – 2nd Lien Bonds PRESENTATION OF FINANCIAL INFORMATION Industry data and statistics, estimates or forecasts contained in this Company Description have been derived from internal sources or from industry sources, including independent industry publications and other publicly available information. The Group has endeavored to reproduce such information accurately in the Company Description. Such data, as well as internal surveys, industry forecasts and market research, while believed to be reliable, have not been independently verified. In addition, in certain cases the Group has made statements in this Company Description regarding its industry and its position in the industry based on its experience and its own investigation of market conditions. Market data and statistics are inherently predictive and speculative and are not necessarily reflective of actual market conditions. Such statistics are based on market research, which itself is based on sampling and subjective judgments by both the researchers and the respondents, including judgments about what types of products and transactions should be included in the relevant market. In addition, the value of comparisons of statistics for different markets is limited by many factors, including that (i) the markets are defined differently, (ii) the underlying information was gathered by different methods and (iii) different assumptions were applied in compiling the data. Accordingly, although as far as the Group is aware and able to ascertain, no facts have been omitted that would render the reproduced information inaccurate or misleading, the market statistics included in this Company Description should be viewed with caution and no representation or warranty is given by any person as to their accuracy. Unless a specific source is identified, all information regarding market and other operating and statistical data provided in this Company Description is based on the Group’s own estimates. In making estimates, the Group relies on data produced internally, and, where appropriate, external sources, including information made public by other market participants or associations. Except as noted, the financial information in this Company Description has not been audited by the Issuer’s auditor. Certain financial and other numerical information set forth in this Company Description has been subject to rounding and, as a result, the numerical figures shown as totals in this Company Description may vary slightly from the exact arithmetic aggregation of the figures that precede them 3 ISSUER The Issuer, GG Amager Strandvej Holding ApS, a private limited liability company organized under the laws of Denmark under registration number 38 39 88 30, having its registered office at c/o Gefion Group A/S, Østergade 1, 2nd floor, 1100 Copenhagen K, Denmark. The purpose of the Issuer is purchase, sale and investments in real estate or real estate companies and related activities. The Management Board of the Issuer has on the 29th December 2017 approved the issue of a 6% 1st lien EUR 30,600,000 bonds 2017/2019 and a 12% 2nd lien EUR 11,000,000 bonds 2017/2019 MATERIAL ADVERSE CHANGE IN THE ISSUER’S FINANCIAL POSITION Except as disclosed elsewhere in this Company Description, there has been no material adverse change in our consolidated financial position since the date of incorporation of the Issuer. INFORMATION FROM THIRD PARTIES Where information in this Company Description has been sourced from third parties this information has been accurately reproduced and, as far as the Issuer is aware and is able to ascertain from the information published by such third parties, no facts have been omitted which would render the reproduced information inaccurate or misleading. LITIGATION Except as disclosed elsewhere in this Company Description, the Issuer has not been involved during the twelve months
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