Press release:
The Written Procedure will be conducted followings those terms and conditions that are described in a request ("Request") dated
The Company announced on
Therefore, it is proposed to amend section 8.1 (Redemption at maturity) of the Terms and Conditions to permit the possible early redemption from 31 March to the Final Maturity Date,
Pursuant to the Terms and Conditions, quorum in respect of a Written Procedure in relation to the Request only exists if Noteholders representing at least 30 per cent of the Adjusted Nominal Amount reply to the Request in the Written Procedure. The Request would be approved if at least two-thirds (2/3) of the votes cast in the Written Procedure consent to the Request.
To be eligible to participate in the Written Procedure, a person must be a Noteholder on
The Noteholders are advised to carefully read the Request for full details of, and information on, the Request and the procedures for participating in the Written Procedure. The full details of the terms and conditions of the Written Procedure are set out in the Request, that will be delivered to the Noteholders by the Bondholders' Agent. The Request is also attached to this press release.
If the Request is not approved in the Written Procure, the Terms and Conditions of the Notes will remain unchanged.
Attachment:
Request for Written Procedure
Disclaimer:
This announcement is for information purposes only and neither this announcement nor the Request constitutes an invitation to participate in the Written Procedure in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws. The distribution or publication of this announcement or of the Request in certain jurisdictions may be restricted by law and persons into whose possession this announcement or the Request come are required by the Company to inform themselves about, and to observe, any such restrictions.
If any Noteholder is in any doubt as to the contents of this announcement, the Request or the action it should take, such Noteholder should seek its own financial and legal advice, including in respect of any tax consequences, immediately from its stockbroker, bank manager, legal counsel, accountant or other appropriately authorised independent financial adviser.
The Written Procedure is only being made outside
Contact person
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The official Stock Exchange Releases are given in Swedish and there may be differences in the translated versions.
About
The ticker symbol is SOSI on NGM Main Regulated Equity in
ISIN-code for
Legal Entity Identifier (LEI): 213800R2TQW1OZGYDX93
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The Company's press releases, and financial reports are distributed via Cision Sverige and are available on www.silver.fi
https://news.cision.com/sotkamo-silver/r/sotkamo-silver-announces-a-written-procedure-to-amend-the-terms-and-conditions-of-its-eur-13-200-000,c3518978
https://mb.cision.com/Main/15292/3518978/1544408.pdf
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