PRFoods Noteholders Approve Maturity Date Extension

Author: Dylan Bailey Updated: 03-24-2025 03:00 AM

Decisions Made by PRFoods Noteholders Regarding Notes

Recently, AS PRFoods, which is recognized under the registry code 11560713, sent out a significant announcement to its Noteholders. This communication outlined a proposal to permit decisions regarding their issued notes to be adopted without the need for a meeting, utilizing a Written Procedure. This innovative approach simplifies the decision-making process for those involved.

Period for Written Procedure

The designated period for this Written Procedure started and concluded promptly, from early March until the evening of March 21, 2025. During this timeframe, 39 Noteholders actively participated, collectively holding notes worth EUR 6,797,400. This represented a substantial 71.4% of the total voting rights applicable to all notes.

Key Decisions Adopted by Noteholders

Upon assessing the proposals, the Noteholders reached a crucial decision. They agreed to postpone the Maturity Date of their Notes, initially set for March 31, 2025, extending it to April 30, 2025. This measure included the prolongation of the current interest period, thus shifting the next Interest Payment Date to the same new date. Importantly, the decision clarified that failing to redeem the Notes or make interest payments on the originally scheduled date won't be viewed as a breach of the established Terms, which ensures peace of mind for the Noteholders moving forward.

Voting Breakdown and Outcome

Among those who voted, the overwhelming majority supported the decision, with Noteholders representing EUR 6,559,800, signifying 68.9% of all Noteholders holding voting rights, in favor. On the other side, only a small faction holding EUR 237,600, about 2.5% of the voting rights, opposed the motion. As a result, this decision has been formally adopted in accordance with the Terms, binding all Noteholders to this outcome.

Management Contact for Additional Information

For those seeking further insights regarding this announcement, the management team is available for inquiries. Timo Pärn and Kristjan Kotkas can be contacted as they represent the AS PRFoods management board. You can reach out to investor@prfoods.ee for any questions or clarifications.

Frequently Asked Questions

What are the key changes approved by PRFoods Noteholders?

The Noteholders agreed to extend the Maturity Date and Interest Payment Date from March 31 to April 30, 2025.

How did Noteholders vote on the proposed decision?

A significant majority, representing approximately 68.9% of voting rights, voted in favor of the proposals.

What is the new Maturity Date for the Notes?

The Maturity Date of the Notes has been postponed to April 30, 2025.

Will the delay in payment constitute a breach?

No, the delayed payments will not be considered a breach of the Terms or an Extraordinary Early Redemption Event.

Who can I contact for more information about this decision?

For inquiries, reach out to Timo Pärn or Kristjan Kotkas at AS PRFoods via email at investor@prfoods.ee.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

Contact Dylan Bailey privately here. Or send an email with ATTN: Dylan Bailey as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.