Terms and conditions regarding preferred share

Terms and conditions regarding preferred share

Qred Holding AB (publ)

Background

Qred Holding AB (publ) is the parent company of the Qred Group. In order to meet the growing demand for corporate credit from Qred's subsidiaries, the Annual General Meeting of Qred Holding AB (publ) on June 19, 2019 has decided to authorize the Company's Board of Directors to resolve on one or more occasions to issue up to 20,000 Preference Shares with deviation from shareholders' preferential rights.

Investment (Subscription of Preference Shares)

The price (Subscription price) for the Preference Shares is SEK 10,000 per share. The minimum amount to invest is SEK 50,000, i.e. five (5) preference shares. Notification of purchase shall be made on the Company's website. The Company reserves the right to refuse notifications without reservation. Subscription of Preference Shares is then made by payment of the Subscription Proceeds in the Company's bank account no later than 30 days after approved notification.

Dividend

The preference shares shall carry an annual dividend of SEK 700 per share paid monthly, one twelfth per month. The record date for dividends is the last weekday of the month and payment is made no later than the fifth business day the following month. Dividends are calculated from the date the Preference Share is allotted until the date on which it is redeemed. Allotment normally takes place on the first business day of the following month from the time the subscription notification was received on the Company's website.

Qred provides control data but does not deduct preliminary tax for private individuals. Companies handle tax returns and tax payments in connection with their regular tax return.

Redemption of Preference Shares at the shareholder's request

The investor may at any time request redemption of Preference Shares via notification on the Company's website. The company can then redeem Preference Shares at SEK 10,000 plus accrued dividends. The redemption request must have been received no later than the 10th business day of the month in order to be paid no later than the fifth business day of the following month. The Board of Directors reserves the right to decide on redemption. In the event that redemption has been requested by several shareholders and the Board of Directors considers that such payment is not possible, the total redemption amount that is possible to pay shall be distributed proportionally among the shares notified for redemption.

Redemption of Preference Shares at the company's request

The Company has the right to redeem optional Preference Shares at SEK 10,000 at 90 days' notice, plus accrued dividends. The Board of Directors reserves the right to decide on redemption.

Transfer of Preference Shares

The preference shares cannot be transferred and are subject to a pre-purchase clause. This means that a preference shareholder who wishes to transfer their shares must notify the Company's Board of Directors in writing. The price for the shares shall be SEK 10,000 per share. For further information see the Company's Articles of Association.

Other

For further details, see The Company's Articles of Association.

Board of Directors, Qred Holding AB (publ), 2019-06-19