7 April 2020
To the bondholders in senior secured bonds with ISIN NO 001 0865504 (NOK Bonds) and ISIN NO 001 0865470 (SEK Bonds) (the “Bonds”) issued by Filago Prosjekt Holding 1 AS (the “Issuer”) on 29 September 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.
Notice of outcome in the written procedure
In the Written Procedure for which notice was given on 23 March 2020 and last date to vote was 6 April 2020, the Trustee hereby announce the successful completion of the Written Procedure requested by a Bondholder representing more than 10 per cent of the Adjusted Nominal Amount in order for the Bondholders to approve or reject a proposal (the “Request”) as fully described in the notice above.
Eligible replies corresponding to 55,44 per cent of the Adjusted Nominal Amount have been received in the Written Procedure. It is thus established that the requisite quorum of at least 50 per cent of the Adjusted Nominal Amount is achieved.
The Request was approved by 38,42 per cent of the eligible votes received in the Written Procedure. The consent requirements in cl. 20.9 of Bondholders representing more than 50 per cent of the Adjusted Nominal Amount for which Bondholders reply in the Written Procedure was therefore not met. The Request is therefore rejected.
For further information, please contact:
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