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DDM Holding AG
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DDM Debt AB
DDM Debt announces the successful completion of its Written Procedure and amendments to the terms and conditions of its EUR 50 million bonds with ISIN: SE0010636746
DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) ("DDM Debt") today announces the successful completion of the written procedure (the "Written Procedure") that was initiated on 7 July 2020 in relation to its up to EUR 160,000,000 senior secured bonds due 2020 (ISIN SE0010636746) (the "Bonds") regarding certain amendments to the terms and conditions of the Bonds, as specified in the notice of Written Procedure dated 6 July 2020 (the "Proposals"). The last time and day for the holders of the Bonds (the "Bondholders") to vote on the Proposals was 17.00 (CEST) on 14 August 2020.
A sufficient number of Bondholders participated in the Written Procedure in order to form a quorum, and a requisite majority of the Bondholders voted in favour of the Proposals.
DDM Debt will pay a consent fee to the eligible Bondholders amounting to EUR 1,000 per bond (being 1.00 per cent. of the nominal amount per bond) (the "Consent Fee"). The Consent Fee will be payable to all persons who are registered as a direct registered owner or authorised nominees in the debt register kept by Euroclear Sweden on 21 August 2020 and the payment of the Consent Fee is expected to be made five (5) business days thereafter through Euroclear Sweden's account based system.
The amendments are effective as of 14 August 2020.
This is information that DDM Debt AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 17.30 CEST on 14 August 2020.