Sunborn Finance Oyj - Results from the written procedure initiated on 15 May 2020
Press release, 16th June 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").
A broad consensus 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.
The consent to the Requests will become effective on the date that the Agent is satisfied that it has received the documents and evidence listed in Section 4 (Condition) of the Notice of Written Procedure which shall be satisfied no later than 15 July 2020. The Company will publish a press release to confirm if and when the abovementioned conditions have been satisfied.
For further information, please contact:
Hans Niemi, CEO
Telephone: Finland +358 followed by 24454513
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 8:30CET on 16th of June 2020.
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