Alm Equity AB (publ) announces successful solicitation of consents to certain amendments to the terms and conditions of the 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) reg. no 556549-1650 (the "Company") today announces the successful completion of its consent solicitation from the holders of the Company's outstanding up to maximum SEK 1,000,000,000 3M STIBOR + 6.75% senior unsecured floating rate bonds due 2020 with a current outstanding total nominal amount of SEK 600,000,000 (ISIN SE0008014690) (the "Bonds"), regarding certain amendments to the terms and conditions of the Bonds (the "Proposals"). The amendments became effective immediately as of 2 December 2016.
Unless otherwise defined herein, terms used in the consent solicitation memorandum dated 15 November 2016 (the "Consent Solicitation Memorandum") shall have the same meaning in this announcement.
In connection with the consent solicitation, a Holders’ Meeting (the "Meeting") was held on 2 December 2016 at 10:00 (CET) in respect of the Bonds. A sufficient number of bondholders attended the Meeting in order to form a quorum, and at least two thirds (2/3) of the Adjusted Nominal Amount for which bondholders were voting at the Meeting, voted in favour of the Proposals and the Proposals were passed.
The Company will pay an Early Bird Consent Fee of 0.30 per cent. of the nominal amount of the Bonds voted for to any Direct Registered Owner and Nominee that has submitted a valid Consent Voting Instruction in favour of the Proposals before the deadline at 17:00 (CET) on 28 November 2016. Further, each person registered as a Direct Registered Owner or Nominee at 17:00 (CET) on 6 December 2016 will receive a Consent Fee of 0.10 per cent. of the nominal amount of the Bonds held by such person. Settlement of the Early Bird Consent Fee and the Consent Fee will occur on or before 13 December 2016. The details for the consent solicitation are fully described in the Consent Solicitation Memorandum.
To receive copies of the Consent Solicitation Memorandum or for questions relating to the consent solicitation, please contact the Solicitation Agent (contact details are set out below).
Solicitation Agent:
Nordea Bank Danmark A/S: +45 3333 1675,
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 14:00 pm CET on 2 December 2016.
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