Sunborn (Gibraltar) Limited

Sunborn (Gibraltar) Limited: Results from the written procedure initiated on 15 May 2020

15.7.2020 17:30:01 EEST | Sunborn (Gibraltar) Limited | Other information disclosed according to the rules of the Exchange

Sunborn (Gibraltar) Limited: Results from the written procedure initiated on 15 May 2020

On 15 May 2020, Sunborn (Gibraltar) Limited (the "Company") instructed Nordic Trustee & Agency AB (publ) (the "Agent") to initiate a written procedure for the Company's up to EUR 60,000,000 senior secured bonds with ISIN SE0010296632 (the "Bonds") in order to request (the "Requests") that the bondholders agree to vote in favour of certain waivers and amendments of the terms and conditions of the Bonds, as set out in the notice of written procedure (the "Notice of Written Procedure").

The Notice of Written Procedure is available on the Company's website (www.sunborn.com/press) and on Stamdata (www.stamdata.com).

As announced on 16 June 2020, a sufficient number of votes was obtained in the abovementioned written procedure to form a quorum, and a requisite majority of the votes cast in the written procedure were in favour of the Requests, subject to certain conditions being met before 15 July 2020 as set out in section 4 (Condition) of the Notice of Written Procedure.

On 15 July 2020, the Agent confirmed to the Company that the abovementioned conditions had been satisfied and thus the amendments and waivers set out in the Requests have become effective as of that date.

 

For further information, please contact:

Hans Niemi, CEO
Telephone: +358 (0)24454513
Email: firstname.lastname@sunborn.com

 

Information:

This information is information that Sunborn (Gibraltar) Limited 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 16:30 CET on 15 July 2020.

  

About Sunborn (Gibraltar) Limited

Sunborn Gibraltar is part of the Sunborn Group, which is over 40 years old, privately owned group of companies based in Finland, with decades of experience in the hospitality sector. Sunborn's focus is on the development of luxury spa and yacht hotels, restaurants and other high-quality property.

Sunborn is present at the moment in Finland, Denmark, United Kingdom and Gibraltar. Operations vary from spa resorts and residential communities to hotels and yacht hotels, restaurants, and catering operations in the best locations.

www.sunborn.com

Attachments

Subscribe to our company announcements

Keep up to date with our company announcements by subscribing.

Visit our pressroom and see more company announcements from us.

Our pressroom