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.
