2 April 2020
To the bondholders in senior secured bonds with ISIN NO 001 080980.9 (the “Bonds”) issued by Blåfjell AS (the “Issuer”) on 9 November 2017.
A Norwegian translation of this notice is included in the full notice which can be downloaded as per below. In case of any inconsistency between the Norwegian translation and the English text, the English text shall prevail.
Intertrust (Norway) AS (the “Turstee”) is acting as Trustee on behalf of the Bondholders under the terms and conditions relating to the Bonds dated 9 November 2017 (the “Terms and Conditions”).
Capitalized terms not defined herein shall have the same meaning in the Terms and Conditions.
Notice of outcome in the second written procedure
In the Second Written Procedure for which notice was given on 25 February 2020 and last date to vote was 2 April 2020 at 12:00 (CET), the Trustee hereby announce the successful completion of the Second Written Procedure regarding certain waivers to the terms and conditions (the “Request”) as fully described in Schedule 1 in the notice.
Pursuant to cl. 19.11 of the Terms and Conditions, the quorum requirements in cl. 19.10 shall not apply to a second written procedure, which means that the votes received in the second written procedure will be decisive regardless of how many votes that have been received.
The Request was approved by 83,53 per cent of the eligible votes received in the Second Written Procedure. The consent requirements in cl. 19.8 of Bondholders representing at least sixty six and two thirds (66 2/3) per cent of the Adjusted Nominal Amount for which Bondholders replies in the Second Written Procedure was therefore met, hence the Request has been adopted.
For further information, please contact:
For the Issuer:
Thomas Lidal Jamne
Pretor Adcokat AS
thomas.jamne@pretor.no
+47 920 96 412
For the Trustee:
Eleonore Foss
Intertrust (Norway) AS
eleonore.foss@intertrustgroup.com
+47 958 14 513
Andreas W. Hennyng
Intertrust (Norway) AS
andreas.w.hennyng@intertrustgroup.com
+47 971 87 151