Hemfosa Fastigheter AB is seeking approval from holders of two series of its bonds amounting to 500 million kronor to amend the terms and conditions of the bonds that will allow the Stockholm-based property operator and manager to distribute shares in its Nyfosa AB subsidiary for 2018's fourth quarter to holders of Hemfosa's ordinary shares.

Nordic Trustee & Agency AB has initiated a written procedure for the proposal. Holders of the bonds as of Aug. 20 are eligible to vote for the procedure and must submit their vote on or before Sept. 6.

Hemfosa expects to release the results of the procedure by Sept. 7.

As of Aug. 13, US$1 was equivalent to 9.12 Swedish kronor.