4 July 2019
The Trustee, acting in its capacity as Trustee for the Bondholders under the Terms and Conditions, hereby initiates a written procedure (the “Written Procedure“) whereby the Bondholders can approve or reject a proposal from the Trustee for a stand still period, during which the Issuer will work on getting a finance solution in place.
For further details of the request and the background and rationale relating thereto, please see the full notice of the written procedure which can be downloaded as per below:
Voting forms must be received by the Trustee no later than 12.00 (CET) on 15 August 2019.
To be eligible to participate in the written procedure a person must fulfil the formal requirements of being a Bondholder on 4 July 2019.
The formal notice for the written procedure has been sent to registered Bondholders and registered authorized nominees at VPS in accordance with the terms and conditions of the Bonds.
If you have any questions, please contact as per below.
To the Trustee:
Intertrust (Norway) AS, Peter Drachmann,
peter.drachmann@intertrustgroup.com, +47 400 22 444
To the Issuer:
Solnes Invest AS, Arild Einang
arild@kystutvikling.no, +47 957 66 600