Brief: Oxe Marine Initiates Written Procedure To Obtain Bondholder Approval Of Debt-To-Equity Swap

Oxe Marine AB

03/10/2024 14:41

Oct 3 (Reuters) - Oxe Marine AB  OXEMA.ST :
    * INITIATES WRITTEN PROCEDURE TO OBTAIN BONDHOLDER APPROVAL
OF
DEBT-TO-EQUITY SWAP
    * HAS INSTRUCTED CSC (SWEDEN) AB AS TRUSTEE UNDER CO'S
OUTSTANDING
BONDS TO INITIATE WRITTEN PROCEDURE TO REQUEST HOLDERS OF SUCH
BONDS TO VOTE IN FAVOUR OF DEBT-TO-EQUITY SWAP
    * BONDHOLDERS REPRESENTING ABOUT 47% OF BONDS HAVE
IRREVOCABLY
ENTERED INTO UNDERTAKINGS TO VOTE IN FAVOUR OF DEBT-TO-EQUITY
SWAP IN WRITTEN PROCEDURE
    * DEBT-TO-EQUITY SWAP WILL BE EFFECTED BY WAY OF SET OFF OF
TOTAL
NOMINAL AMOUNT OF BONDS PLUS ALL INTEREST UP TO AND INCLUDING
SETTLEMENT DATE OF DEBT-TO-EQUITY SWAP AGAINST NEWLY ISSUED
SHARES IN C0 ALLOCATED TO BONDHOLDERS
    * SUBSCRIPTION PRICE PER NEW SHARE WILL BE SEK 1.25
    * NEW SHARES WILL BE ISSUED FOLLOWING EGM TO BE HELD ON 28
OCT

Source text for Eikon:  ID:nMFNdzsPZ 
Further company coverage:  OXEMA.ST 

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