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Notice of second written procedure for senior secured bonds issued by Filago Prosjekt Holding 1 AS

4 October 2019

Intertrust (Norway) AS (the “Trustee”) acting in its capacity as trustee for the bondholders under the terms and conditions of the bonds, hereby initiates a second written procedure by which the bondholders are asked to elect the candidates to a Bondholders’ Committee (the “BHC”).

The bondholders are hereby asked to vote on the nominated candidates in order to elect the members to the BHC. For further details of the candidates and the voting process, please see the full notice which can be downloaded as per below.

 

Filago Prosjekt Holding 1 AS – Notice of Second Written procedure

 

Pursuant to cl. 19.2 of the Terms and Conditions, the BHC shall consist of minimum three (3) natural persons. There is no upper limit of the amount of candidates, hence the bondholders can choose to vote for election of all the candidates to the BHC.

Each bondholder that is entitled to vote shall have the same number of votes to cast for each Bond as the total number of persons to be elected. A Bondholder may cast its votes for one or several of the candidates. The candidates that receive the most votes shall be elected to the BHC.

 Pursuant to cl. 20.11 of the Terms and Conditions, no quorum requirement shall apply to a Second Written Procedure, hence the votes received in this Second Written Procedure will be decisive regardless of how many votes that will be received . Pursuant to cl. 20.9 of the Terms and Conditions, at least fifty (50) per cent. of the Adjusted Nominal Amount for which Bondholders reply in a Written procedure must consent to the Proposal in order for it to be approved.

 Voting forms must be received by the agent no later than 12:00 CET on 22 October 2019.

 

For further information, please contact:

To the Trustee:

Intertrust (Norway) AS, Peter Drachmann,

[email protected]+47 400 22 444

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