This notice is made in respect of
Biokraft announced on
On
Today Biokraft informs each holder of a Bond (each a "Bondholder") that it has decided to withdraw the Written Procedure. Consequently, the Written Procedure will not be voted on, no Proposal to amend the Terms and Conditions or waive any rights in relation to the Change of Control Event that occurred due to the Consolidation will be approved.
A Bondholder who would like to exercise its right to have all, or some only, of its Bonds repurchased due to the Change of Control Event occurring pursuant to the Consolidation shall sign and send a repurchase instruction form by email to Nordea at NordeaLiabilityManagement@nordea.com no later than 20 Business Days following Bondholders' receipt of Biokraft's notice of the Change of Control Event due to the Consolidation, i.e. being no later than at
As of today, Bondholders holding Bonds in a total nominal amount close to half of the total nominal amount of all outstanding Bonds have requested that their Bonds are repurchased. Bondholders are advised to read carefully the terms of the notice of Change of Control Event for full details of, and information on, the terms and the procedures to request that Bonds are repurchased.
As announced by Biokraft in its year end report for 2023, Biokraft assesses that the group's business has additional financing needs for additional growth projects as well as systematic improvements to existing facilities. Work is underway to review and evaluate various financing alternatives to ensure the group's ability to carry out the planned growth journey while securing its liquidity requirements and to finance the repurchasing of Bonds.
Further information
For questions regarding the Written Procedure, please contact Nordea at NordeaLiabilityManagement@nordea.com or +45 6161 2996.
For 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.
This information herein is information that
Attached
Notice of withdrawal of written procedure
For more information, please contact:
Telephone +46-70 597 99 38
Email: matti.vikkula(at)biokraft.com
Biokraft is a Nordic greentech company that produces bioenergy and plant nutrition in a circular cycle by recycling organic waste and residual products in large-scale biorefineries.
https://news.cision.com/biokraft-international/r/biokraft-international-ab--publ--withdraws-the-written-procedure-regarding-its-bonds-and-announces-t,c3931780
https://mb.cision.com/Main/1925/3931780/2614750.pdf
https://mb.cision.com/Public/1925/3931780/bbc62271e783c01a.pdf
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