Recapitalization plan
Important information
The information contained in this section of the website is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part in, into or from the United States of America (including its territories and possessions, any state of the United States and the District of Columbia) (the “United States”), Canada, Japan, India, Australia, South Africa, Hong Kong, Singapore or any other jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction.
Due to legal restrictions, the information on this part of SAS’s website is only directed at and accessible to persons who are resident and physically present in Sweden and authorized persons who are resident and physically present in other jurisdictions outside the United States, Canada, Japan, India, Australia, South Africa, Hong Kong or Singapore.
Due to legal restrictions, the information on this part of SAS’s website is only directed at and accessible to persons who are resident and physically present in Sweden and authorized persons who are resident and physically present in other jurisdictions outside the United States, Canada, Japan, India, Australia, South Africa, Hong Kong or Singapore.
Important INFORMATION
Due to legal restrictions, the information on this part of SAS’s website is not accessible to certain persons. We kindly ask you to review the following information and provide the following confirmation each time you wish to access these websites. Please note that the terms set out below may be altered or updated and therefore it is important that you review them each time you visit this page.
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The information contained in this section of the website is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part in, into or from the United States of America (including its territories and possessions, any state of the United States and the District of Columbia) (the “United States”), Canada, Japan, India, Australia, South Africa, Hong Kong, Singapore or any other jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction.
Important information
Due to legal restrictions, the information on this part of SAS’s website is only directed at and accessible to persons who are resident and physically present in Sweden and authorized persons who are resident and physically present in other jurisdictions outside the United States, Canada, Japan, India, Australia, South Africa, Hong Kong or Singapore.
Recapitalization plan
Press releases
- 23 October 2020 - SAS announces successful implementation of recapitalization plan
- 21 October 2020 - SAS announces outcome of the rights issue
- 19 October 2020 - SAS publishes final subscription price in NOK in its rights issue
- 15 October 2020 - SAS publishes final subscription price in DKK in its rights issue
- 7 October 2020 - SAS publishes prospectus supplement with an update in respect of traffic figures for September 2020
- 30 September 2020 - SAS publishes prospectus regarding the rights issue and bondholder offer
- 23 September 2020 - SAS resolves to issue new hybrid notes and shares in accordance with its recapitalization plan
- 2 September 2020 - Noteholders have approved the conversions of claims as part of SAS’ recapitalisation plan
- 26 August 2020 - SAS announces update on support from noteholders
- 17 August 2020 - SAS’ revised recapitalization plan approved by European Commission
- 14 August 2020 - SAS announces revised recapitalization plan
- 7 August 2020 - SAS reaches agreement in principle with certain holders of bonds and hybrid notes - work on revised recapitalization plan continues
- 22 July 2020 - SAS defers interest payment on its MSEK 1,500 subordinated perpetual capital securities
- 10 July 2020 - SAS cancels noteholders’ meetings as required conversions under the recapitalisation plan are not expected to be approved – process continues with initiation of noteholder discussions
- 30 June 2020 - SAS announces recapitalization plan to continue as a key provider of important Scandinavian airline infrastructure
Documents
- Supplement - 7 October 2020
- Prospectus SAS AB (Publ) - 30 September 2020
- Copy of summary relating to SAS AB’s prospectus dated 30 September 2020
- SAS Interim Report Q3 2020
- SAS Annual and Sustainability Report Fiscal Year 2019
- SAS Annual and Sustainability Report Fiscal Year 2018
- SAS Annual and Sustainability Report Fiscal Year 2017
- Notice of Noteholders - Meeting (Bond 2022)
- Notice of Noteholders - Meeting (Hybrid)
INVESTOR PRESENTATION 17 august 2020
Torbjørn Wist, Executive Vice President & CFO will present and comment the Revised Recapitalization Plan at 11 a.m. CEST, Monday 17 August 2020.
The presentation will be held in English via telephone or https://edge.media-server.com/mmc/p/b4btips6
No advance notification is necessary. It will be possible to ask questions to the presenters following the presentation.
Dial-in details for the conference call:
DK: +45 354 455 77
FI: +358 981 710 310
NO: +47 235 002 43
SE: +46 8 566 426 51
UK: +44 3333 0008 04
Pin: 61434746#