12 June 2018
Bayport Management Ltd (the “Issuer”) has requested that the bondholders of its senior unsecured bonds with ISIN SE0009723075 approve a request for certain amendments to the terms and conditions of the bonds.
Intertrust (Sweden) AB (the “Agent”), acting in its capacity as agent for the bondholders of the bonds under the terms and conditions of the bonds, has at the request of the Issuer on 12 June 2018 initiated a procedure in writing by which bondholders can approve or reject certain amendments to the terms and conditions of the bonds.
The formal notice for the written procedure with more information on the written procedure the suggested amendments and how to participate can be downloaded here. The Issuers’ announcement is published on their website.
Voting forms must be received by the agent no later than 5 pm on 2 July 2018.
To be eligible to participate in the written procedure a bondholder must fulfill the formal requirements of being a bondholder (as defined in the terms and conditions of the bonds) on 18 June 2018. Any individual or company whose bonds are held by a nominee must contact such nominee to participate in the written procedure.
The outcome in the written procedure will be notified by the Issuer. The outcome of the procedure in writing will be announced through a press release on or about 3 July and by notice to the bondholders. Provided that the request is approved, such notification will specify the relevant dates for the implementation of the amendments as well as the amended and restatement terms and conditions of the bonds.
The formal notice for the written procedure has been sent by ordinary mail to direct registered bondholders and registered authorised nominees in accordance with the terms and conditions of the bonds.
For questions:
To the Agent: Intertrust (Sweden) AB, Anna Litewka (Director),
phone: +46 (0)8 402 72 11, e-mail: Anna.Litewka@intertrustgroup.com
To the Company: Bayport Management Ltd, David Rajak (Capital Markets Executive), phone: +27 11 236 7300, e-mail: David@bayportfinance.com or Tessa Quaker (Group Head of Legal), phone: +27 11 236 7300, e-mail: TessaQ@bayportfinance.com