26.6.2020 10:12:49 EEST | Sunborn Finance Oyj |
Investor News
Press release, 26th June 2020
On 15 May 2020, Sunborn Finance Oyj (the “Company”) instructed Nordic Trustee Oy (the “Agent”) to initiate a written procedure for the Company’s EUR 50,000,000 senior secured bonds with ISIN FI4000292750 (the “Bonds”) in order to request (the “Requests”) that the bondholders agree to vote in favour of certain waivers and amendments of the terms and conditions of the Bonds, as set out in the notice of written procedure (the “Notice of Written Procedure”).
The Notice of Written Procedure is available on the Company’s website (www.sunborn.com/press) and on Stamdata (www.stamdata.com).
As announced on 16 June 2020, a sufficient number of votes was obtained in the abovementioned written procedure to form a quorum, and a requisite majority of the votes cast in the written procedure were in favour of the Requests, subject to certain conditions being met before 15 July 2020 as set out in Section 5 (Condition) of the Notice of Written Procedure
On 25 June 2020, the Agent confirmed to the Company that the abovementioned conditions had been satisfied and thus the amendments and waivers set out in the Requests have become effective as of that date.
For further information, please contact:
Hans Niemi, CEOTelephone: Finland +358 followed by 24454513Email: firstname.lastname@sunborn.com
Information:
This information is information that Sunborn Finance Oyj 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 above, at 8:15 CET on 26th June 2020.
About Sunborn Finance Oyj
Sunborn Finance is part of the Sunborn Group, which is over 40 years old, privately owned group of companies based in Finland, with decades of experience in the hospitality sector. Sunborn’s focus is on the development of luxury spa and yacht hotels, restaurants and other high-quality property.
Sunborn is present at the moment in Finland, Denmark, United Kingdom and Gibraltar. Operations vary from spa resorts and residential communities to hotels and yacht hotels, restaurants, and catering operations in the best locations.
www.sunborn.com
Attachments
Download announcement as PDF.pdf
Aceso – Press release re effectiveness of consent to WP request (Finance) (Roschier draft 25 June 2020)(10038447.1).pdf
