22 November 2019
Intertrust (Sweden) AB (the “Trustee”) acting in its capacity as agent for the bondholders under the terms and conditions for the bonds, has at the request of the Issuer on 21 November 2019 initiated a written procedure by which bondholders can approve or reject a proposal from the Issuer.
The Issuer asks the bondholders to approve certain waivers to the terms and conditions (the “Request“). For further details of the Request and the background and rationale relating thereto, please see the full notice which can be downloaded as per below.
Pursuant to the terms and conditions, a quorum in respect of the written procedure will only exist if bondholders representing at least twenty (20) per cent of the adjusted nominal amount reply to the Request. Pursuant to the terms and conditions, at least fifty (50) per cent of the adjusted nominal amount for which bondholders reply in the written procedure must consent to the Request in order for it to be approved.
The Trustee must have received the votes no later than by 17.00 (CET) on 10 December 2019.
Once a requisite majority of consents of the adjusted nominal amount for which bondholders reply in the written procedure have been received by the trustee, the relevant decision shall be deemed to be adopted, even if the time period for replies in the written procedure has not yet expired.
Fur further information, please contact:
Intertrust (Sweden) AB
Contact: Beatrice Gustafsson
Phone: +46 70 141 10 82
Mail: trustee@intertrustgroup.com