Brief: SDS Reaches Agreement With Bondholders And Shareholders

Seamless Distribution Systems AB

02/03/2023 07:52

March 2 (Reuters) - Seamless Distribution Systems AB
 SDSY.ST :
    * SAID ON WEDNESDAY REACHES AGREEMENT WITH BONDHOLDERS AND
SHAREHOLDERS 
    * AGREEMENT REGARDING CERTAIN CHANGES IN THE BOND TERMS
    * BONDHOLDERS TOGETHER HOLD APPROXIMATELY 65.6% OF THE
OUTSTANDING
NOMINAL AMOUNT OF SEK 200 MILLION
    * BOND'S TERM IS EXTENDED BY ONE YEAR (NEW MATURITY DATE
THEREFORE
5 MAY 2025)
    * COMPANY HAS ALSO SECURED A CAPITAL INJECTION OF AT LEAST
SEK 40
MILLION FROM CERTAIN SHAREHOLDERS
    * BOARD INTENDS TO CALL EXTRAORDINARY GENERAL MEETING IN
NEAR
FUTURE TO OBTAIN SHAREHOLDERS' APPROVAL OF CAPITAL INJECTION, TO
PROPOSE DIRECTED SHARE ISSUE
    * SUBSCRIPTION PRICE IN ISSUE AT SEK 8.50 PER SHARE
    * FURTHER CARRIES OUT STRATEGIC REVIEW WITH AIM OF
CAPITALIZING
COMPANY FURTHER THROUGH SALE OF SUBSIDIARIES SEAMLESS DIGITAL
DISTRIBUTION AB AND ESERVGLOBAL HOLDING SAS

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDL68by5d
 Further company coverage:  SDSY.ST  

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