Alm Equity AB announces a consent solicitation for its outstanding senior unsecured floating rate bondsNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
Alm Equity AB (publ) announces a consent solicitation for its outstanding maximum SEK 1,000,000,000 senior unsecured floating rate bonds due 2020 with a current outstanding total nominal amount of SEK 600,000,000 (ISIN SE0008014690) (the "Bonds")
Alm Equity AB (publ) reg. no 556549-1650 (the "Company") announces that it is soliciting consent from holders of the Bonds (the "Holders") to amend certain terms and conditions (the "Terms and Conditions") of the Bonds (the "Consent Solicitation").
The Consent Solicitation is made subject to the terms and conditions, and certain restrictions, described in the consent solicitation memorandum regarding the Consent Solicitation issued by the Company and dated 15 November 2016 (the "Consent Solicitation Memorandum").
Consent solicitation from Holders
The Company today announces that it is soliciting consents from all Holders to certain amendments of the Terms and Conditions governing the Bonds in order to increase the Company's financial flexibility to make acquisitions (the "Proposals").
A Holder who delivers a valid voting instruction in favor of the Proposals before 17:00 CET on 28 November 2016 (the "Early Bird Consent Fee Deadline") may be eligible to receive an early bird consent fee of 0.30 per cent. of the nominal amount of the Bonds voted for by such Holder (the "Early Bird Consent Fee"). Each Holder will, provided that the Proposals are approved by a requisite majority, receive a consent fee of 0.10 per cent. of the nominal amount of the Bonds held by such Holder (the "Consent Fee").
Voting in relation to the Proposals will be made at a bondholders’ meeting to be held at the offices of Nordea Markets at Smålandsgatan 17, 111 47 Stockholm, Sweden, at 10:00 CET on 2 December 2016 (the "Meeting"). In order for the Proposals to be passed at the Meeting a quorum of at least twenty (20) per cent. of the adjusted nominal amount must be reached and a majority of at least two thirds (2/3) of the adjusted nominal amount must vote in favor of the Proposals. Holders may cast a vote at the Meeting by participating in person or via representation by proxy.
Holders that wish to be eligible to receive the Early Bird Consent Fee should not participate in person or via representation by proxy at the Meeting, but should use the consent voting instruction form annexed to the Consent Solicitation Memorandum.
Holders are advised to read carefully the Consent Solicitation Memorandum for full details of and information on the procedures for participating in the Consent Solicitation. This press release is for information purposes only and is not an offer to sell or a solicitation of an offer to buy any security. The Consent Solicitation is being made solely pursuant to the Consent Solicitation Memorandum. If any Holder is in any doubt as to the contents of this press release, the information contained in the Consent Solicitation Memorandum or the action it should take, such Holder should seek its own financial and legal advice, including in respect of any tax consequences, immediately from its broker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser.
To receive copies of the Consent Solicitation Memorandum or for questions relating to the Consent Solicitation, please contact Nordea Bank Danmark A/S acting as solicitation agent (the "Solicitation Agent"). Any individual or company whose Bonds are held by a nominee must contact such nominee to participate in the Consent Solicitation.
For further information about the Proposals and the Meeting, please see the notice of the Meeting available at: www.stamdata.se/documents/SE0008014690_SB_20161115.PDF
Solicitation Agent:
Nordea Bank Danmark A/S: +45 6161 2996,
NordeaLiabilityManagement@nordea.com
Paying Agent:
Nordea Bank AB (publ): IssuerSeCustodian@nordea.com
For further information, please contact Alm Equity AB (publ) on:
Joakim Alm, President and CEO of the Company
Tel: +46 (0) 73-396 97 27
Email: joakim.alm@almequity.se
This information is information that Alm Equity AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 3:00 pm CET on 15 November 2016.
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