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NOTICE OF OUTCOME IN THE WRITTEN PROCEDURE

20 May 2020

M-Brain Oy up to EUR 15,000,000 senior secured fixed rate notes 2017/2020 with ISIN: FI4000266788 (the “Notes”)

Notice regarding decisions taken by way of a procedure in writing concerning certain amendments and waivers of the terms and conditions of the Notes (the “Terms and Conditions”)

This is a notice sent on 20 May 2020 in accordance with Section 15.14 of the Terms and Conditions to the holders of the Notes (the “Noteholders”).

Following the receipt of the consent of the requisite majority received in the Written Procedure, for which a notice was given on 23 April 2020 and for which the last date to vote was on 22 May 2020 no later than 13:00 (CET) (the “Request”), the requisite majority of Noteholders has as at 18:00 (CET) on 19 May 2020 approved the proposals set out in the Request and, accordingly, the proposals were deemed approved by and binding upon all Noteholders in accordance with the voting requirements of the Terms and Conditions.

Pursuant to the clause 17.4 of the Terms and Conditions 17.4    when a consent from the Noteholders representing the requisite majority of the total Adjusted Nominal Amount pursuant to Clauses 15.5 or 15.6 has been received in a Written Procedure, the relevant decision shall be deemed to be adopted pursuant to Clause 15.5 or 15.6, as the case may be, even if the time period for replies in the Written Procedure has not yet expired.

The formal notice regarding the decisions taken by the way of the written procedure and the amended Terms and Conditions can be downloaded here.

The formal notice regarding the decisions taken by way of the written procedure has been sent by registered mail to Noteholders (direct registered owners (Fin: omistaja) and registered authorised nominees (Fin: hallintarekisteröinnin hoitaja)) and published on the website of the Agent in accordance with the Terms and Conditions.

For questions regarding this notice: 

 

To the Agent: Intertrust (Finland) Oy, Alli Seppänen, phone: +358 45 249 6103, e‑mail: [email protected] with a copy to [email protected]

_________________

 

Helsinki 20 May 2020

Intertrust (Finland) Oy

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