Bahamas 
Brazil 
BVI 
Canada 
Cayman Islands 
Curaçao 
USA 
Australia 
China 
Hong Kong 
India 
Japan 
New Zealand 
Singapore 
Belgium 
Cyprus 
Denmark 
Finland 
France 
Germany 
Greece 
Guernsey 
Ireland 
Italy 
Jersey 
Luxembourg 
Norway 
Spain 
Sweden 
Switzerland 
The Netherlands 
UAE 
UK Intertrust (Norway) AS (the “Trustee”) acting in its capacity as trustee for the bondholders under the terms and conditions of the bonds, has at the request of the Issuer on 13 September 2019 inititated a written procedure by which bondholders can approve or reject a proposal from the Issuer.
The Issuer asks the bondholder to approve that (1) Lasse Fosby (the “Buyer”), or one of his affiliates, acquires all the shares in the Issuer and the Property Company for a total amount of NOK 3 and NOK 1 respectively, (2) the Bonds are redeemed at a price of 33% of their Nominal Amount, and (3) the Bondholders waive any claims for accrued and unpaid Interest. For further details of the Request and the background and rationale relating thereto, please see the full notice which can be downloaded as per below.
Notice of written procedure for Solnes Invest AS
Pursuant to Clause 19.10 of the Terms and Conditions, a quorum in respect of the Written Procedure will only exist if a Bondholder (or Bondholders) representing at least Fifty (50) per cent. of the Adjusted Nominal Amount reply to the Request. Pursuant to Clause 19.8 of the Terms and Conditions, at least sixty six and two thirds (66 2/3) 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.
The Trustee must have received the votes no later than by 12.00 (CET) on 27 September 2019.
For further information, please contact:
Intertrust (Norway) AS
Contact: Peter Drachmann
Phone: +47 400 22 444
E-mail: [email protected]
Our services
Corporate Client Services
Operating internationally can be challenging. You need a partner who understands local rules, culture and customs and how they affect legal and regulatory requirements. That’s where we come in.
Can't find what you're looking for?
View all corporate client servicesPrivate Capital & Hedge Funds Services
We differentiate our global leading fund services through our geographical spread, domain strength, technology offering and depth of services.
Can't find what you're looking for?
View all private capital & hedge fund servicesCapital Markets
As capital markets evolve across the globe, you need a bespoke approach from a service provider with a genuine understanding of how markets are changing.
Can't find what you're looking for?
View all capital markets servicesPrivate Wealth
By understanding the importance of long-term relationships built around trust, we aim to truly understand your values. We’re your partner to help you protect, preserve and plan for the future.
Can't find what you're looking for?
View all private wealth services
