VAA Vista Alegre Atlantis SGPS : July 23 - Resolutions of the Meeting of the Holders Class A
July 23, 2021 at 12:08 pm EDT
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VAA - VISTA ALEGRE ATLANTIS, SGPS, S.A.
Registered office: Lugar de Vista Alegre, 3830-292 Ílhavo, Aveiro
Entity legal type: Public limited liability company
Registered before the Commercial Registry Office of Lisboa under the single registration and
tax number 500 978 654
Share capital: € 134,120,048.00
RELEASE
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RESOLUTIONS OF THE MEETING OF THE HOLDERS OF "VAA FIXED RATE GUARANTEED SENIOR SECURED NOTES 2019-2024CLASS A",
WITH THE ISIN CODE PTVAAAOM0001,
HELD ON 23 JULY 2021
VAA - Vista Alegre Atlantis, SGPS, S.A. informs that at the meeting of holders of "VAA Fixed Rate Guaranteed Senior Secured Notes 2019-2024Class A", with the ISIN code PTVAAAOM0001, held today, 23 July 2021, at 12:00 p.m., Lisbon time, all the proposals of resolutions with respect to the items of the Agenda included in the relevant meeting's notice were approved by majority and, in particular, it was approved:
To amend clause 9.5 of the Terms and Conditions so that the Financial Covenant set forth in such provision relating to the levels of Net Debt to EBITDA Ratio is amended in relation to the Relevant Periods up to the Maturity Date being instead applicable the levels of Net Debt to EBITDA ratio presented below.
Consequently, clause 9.5, paragraph i., of the Terms and Conditions shall read as follows:
"9.5. Financial Covenants
The Issuer shall ensure that in respect of each Relevant Period:
its Net Debt to EBITDA Ratio is equal to, or below:
Net Debt / EBITDA
2021
30/06/2021: stand-by
31/12/2021: 5.00x
2022
30/06/2022: 4x
31/12/2022: 4x
2023
30/06/2023: 3.50x
31/12/2023: 3.00x"
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To accept the payment by the Issuer to each of the holders of Class A Bonds of an amount corresponding to 0,20% of the nominal value of each Class A Note, which shall be paid only once in the next Interest Payment Date, i.e., 30 July 2021.
Ílhavo, 23 July 2021
VAA - Vista Alegre Atlantis SGPS, S.A.
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VAA - Vista Alegre Atlantis SGPS SA published this content on 23 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2021 16:07:07 UTC.
VAA-Vista Alegre Atlantis, SGPS, SA specializes in the manufacturing and marketing of ceramic and crystal products. Net sales break down by family of products and services as follows:
- stoneware sets (43.5%);
- porcelain items (34.8%);
- earthenware products (11%);
- handcrafted crystal and glass products (10.7%).
Net sales are distributed geographically as follows: Portugal (28%), the Netherlands (13.1%), France (10.2%), Spain (9.9%), Germany (7.4%), Italy (5.3%), the United Kingdom (3.1%), Belgium (2.5%), Europe (7.4%), the United States (4.4%), Brazil (3.3%) and other (5.4%).
VAA-VISTA ALEGRE ATLANTIS, SGPS, SA 
