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Notice of outcome in holders’ meeting and written procedure for bonds issued by Trigon Agri A/S

9 November 2016

Intertrust (Sweden) AB, acting in its capacity as agent for the holders under the terms and conditions of the bonds, initiated on 19 October 2016 a written procedure where the bondholders were asked to approve to amend the terms and conditions and to make possible the conversion of the outstanding Bonds in the total amount of SEK 350,000,000 into equity of the Company, meaning that in return for their claims on the Bonds and accrued interest each bondholder will receive shares in the Company. Each SEK 10,000 bond will entitle the bondholder to 45,678 shares in the Company.

At the meeting the bondholders resolved:

  • to amend and restate the terms and conditions (the “Proposed Amended and Restated Terms and Conditions”);
  • that the Proposed Amended and Restated Terms and Conditions shall become effective immediately when the resolution is passed;
  • to waive any and all of the provisions under the finance documents to the extent such provisions restrict the implementation of the steps to achieve the debt to equity swap;
  • to withdraw the approval of Request A as adopted by the bondholders by written procedure on 27 April 2016;
  • to authorise the agent Intertrust (Sweden) AB to do all such other acts and things and to execute such other agreements or documents as may be necessary or desirable to give effect to the amendments to the terms and conditions as set out in the Proposed Amended and Restated Terms and Conditions including the debt to equity swap and the subsequent release of all transaction security;
  • to appoint Dag Rolander as a new member of the bondholders’ committee where after the committee consists of Arne Björhn, Mats Nilsson and Dag Rolander. Johannes Bertorp resigned from the bondholders’ committee.

The actual completion and settlement of the Debt to Equity Swap will be effected only following the adoption of the resolution by the extraordinary general meeting of the Company to be held on 10 November 2016 authorizing the Board of Directors to issue new shares and warrants within previously disclosed parameters of the Debt to Equity Swap.

It was noted that 98.0 per cent of the holders that provided replies in the written procedure approved the proposal and that those holders represents an aggregate nominal amount of SEK 240,160,000.

The details of the contemplated Debt to Equity Swap have been published on 14 September 2016 and are available at http://www.trigonagri.com/trigon-agri-as-preliminary-agreement-on-the-full-debt-to-equity-swap/. The upcoming information and technical details of the Debt to Equity Swap will be immediately disclosed to all stakeholders in due course.

The amended terms and conditions can be downloaded here.

Intertrust (Sweden) AB as Agent

For further questions you may contact:

The Agent:

Intertrust (Sweden) AB

Kristofer Nivenius
Tel: +46 70 688 1910
Email: [email protected]

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