Humble Group is seeking bondholder approval in respect of its up to SEK 500 million senior secured bond 2021/2024 (ISIN: SE0013801172) (the "2021/2024 Bonds") and its up to SEK 1.500 million senior secured bond 2021/2025 (ISIN: SE0016273742) ("Bonds 2021/2025" and together with Bonds 2021/2024, the "Bonds") with bonds outstanding in the amounts of SEK 300 million and SEK 1,500 million, respectively, to amend the terms and conditions of the Bonds (the"Terms and Conditions"), as part of the preparation for changing the Company's accounting policies to IFRS in the near future.
In order to amend the Terms and Conditions, the Company has today instructed the agent, Nordic Trustee & Agency AB (publ), to initiate two separate written procedures (together the "Written Procedures") in respect of the Company's outstanding Bonds. Notices in respect of the Written Procedures are available on the website of the Agent, https://nordictrustee.com/, are attached to this press release and have been prepared in accordance with clause 18.3(Written Procedure) of the Terms and Conditions of the 2021/2024 Bonds and clause 17.3(Written Procedure) of the Terms and Conditions of the 2021/2025 Bonds, respectively.
The applicable majority requirements to approve each request are, as set forth more fully in the notices relating to the Written Procedures, (i) that bondholders representing at least twenty (20.00) percent of the adjusted principal amount participate in each of the Written Procedures and (ii) that fifty (50.00) percent of the adjusted principal amount for which bondholders are responsible in each of the Written Procedures approve the request.
Further information on voting conditions and key dates for the Written Procedures is available in the notices of the Written Procedures.
Carnegie Investment Bank AB (publ) has been appointed as financial advisor and organizer and Gernandt & Danielsson Advokatbyrå as legal advisor in connection with the Written Procedures.
For further information regarding the transaction, please contact Carnegie Investment Bank at dcmsyndicate@carnegie.se.
For further questions to the Agent regarding the administration of the Written Procedure, please contact the Agent at voting.sweden@nordictrustee.com or +46 8 783 79 00.
For further information, please contact:
Simon Petrén, CEO, Humble Group AB (publ)
E-mail: simon.petren@humblegroup.com
Phone: +46 8 61 32 888
This information was published by the above contact person on January 31, 2023 at the above time (CET).
Humble Group is a Swedish foodtech and FMCG group delivering the next generation of consumer products that are good for people and the planet. Humble focuses on the foodtech, eco, sustainability and vegan segments. The companies are growing through organic growth, acquisitions and leveraging synergies in the different business units: brands, distribution, manufacturing and ingredients. Humble's technologies, refined through scientific research and extensive market experience, facilitate new formulations and recipes that improve taste and texture for the next generation of sugar-reduced, sustainable and vegan products. For more information, visit www.humblegroup.com
Humble is listed on Nasdaq Stockholm, First North Growth Market, under the ticker HUMBLE. FNCA Sweden AB is Humble's certified adviser. Tel: 08-528 00 399, e-mail:info@fnca.se
