Summons to written resolution – Proposed amendment to the unsecured bonds, supported by the majority of bonds outstanding
The background for the proposal is the significant strengthening of the Company’s financial position since the issuance of the unsecured bonds.
- The background for the proposal is the significant strengthening of the Company’s financial position since the issuance of the unsecured bonds.
- The Company is therefore seeking to make certain amendments to the definition of Permitted Distribution, to increase the Company’s flexibility for potential future shareholder returns in return for a one-off financial compensation to the bondholders and implementation of an incurrence test.
- The summons for a written resolution including details on the Amendment Proposal is attached to this press release.
- The Voting Period shall expire on 25 May 2023 at the latest, at which point the final outcome of the Proposal will be decided and made public.