AS Pro Kapital Grupp initiates written procedure for its senior secured bonds 2020/2024
30 Août 2023 - 11:00AM
AS Pro Kapital Grupp initiates written procedure for its senior
secured bonds 2020/2024
AS Pro Kapital Grupp (hereinafter referred to
as the Company) is requesting the approval from the bondholders of
the Company’s outstanding bonds listed Nasdaq Stockholm in order to
enable a partial early redemption of the Company’s outstanding
bonds listed on Nasdaq Tallinn.
The Company is requesting the approval from
holders of its EUR 28,500,000 senior secured callable fixed
rate bonds 2020/2024 with ISIN SE0013801172 (hereinafter referred
to as the Bonds) to, notwithstanding the undertaking to not
maintain or prolong any financial indebtedness which has early
redemption dates or instalment dates that occur before the final
redemption date of the Bonds, insofar it relates to a partial
redemption of the Company’s outstanding unsecured non‑convertible
fixed rate bonds with ISIN EE3300001676 (hereinafter referred
to as the Unsecured Bonds), make a partial early redemption of an
amount equal to maximum 15 per cent. of the total outstanding
amount under the Unsecured Bonds, being approximately
EUR 1.45 million (hereinafter referred to as the
Waiver).
In order to receive the Waiver, the Company has
today instructed the agent, Nordic Trustee & Agency AB (publ),
to initiate a written procedure for the Bonds (hereinafter referred
to as the Written Procedure). The notice of the Written Procedure
is held available by the agent on its web page
(https://nordictrustee.com/) and is attached to this
announcement.
The applicable voting requirement to approve the
Waiver is, as set out in more detail in the notices of the Written
Procedure, (i) that holders representing at least twenty (20.00)
per cent. of the adjusted nominal amount participate in the Written
Procedure and (ii) that two thirds (2/3) of the adjusted nominal
amount for which holders reply in the Written Procedure consent to
the Waiver. The Company has already received undertakings to vote
in favour of the Waiver from the largest holders, which together
represent approximately 75 per cent of the adjusted
outstanding amount under the Bonds.
Further information about voting requirements
and important dates for the Written Procedure is available in the
notice of the Written Procedure.
Gernandt & Danielsson Advokatbyrå has acted
as legal advisor in relation to the Written Procedure.
For further questions to the agent regarding the
administration of the Written Procedure, please contact the agent
at voting.sweden@nordictrustee.com or
+46 8 783 79 00.
Edoardo PreatoniMember of the Management Board+372 614
4920prokapital@prokapital.ee
- Written Procedure Q3 2023
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