EQS-News

Multitude SE initiates a written procedure to request certain amendments to the terms of its senior bonds due 2025

EQS-News: Multitude SE / Schlagwort(e): Anleihe Multitude SE initiates a written procedure to request certain amendments to the terms of its senior bonds due 2025 (News mit Zusatzmaterial) 16.05.2024 / 07:30 CET/CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich. Multitude SE initiates a written procedure to request certain amendments to the terms of its senior bonds due 2025

Multitude SE (the "Company") has instructed the agent for the Company's senior unsecured floating rate bonds (ISIN NO0012702549) (the "Bonds"), Nordic Trustee & Agency AB (publ) (the “Agent”), to initiate a written procedure to request that bondholders vote in favour of certain amendments to the terms and conditions of the Bonds (the “Written Procedure”).

During Q1 2024, the Company has announced its intention to transfer its registered office from Finland to Switzerland as part of a broader strategic initiative. Finnish legal constraints prohibit a direct relocation from Finland to a non-European Economic Area (EEA) country while maintaining a legal personality and therefore, the Company proposes a transfer to and subsequent conversion into a public limited liability company in Malta, followed by a relocation to Switzerland (the "Relocation"). To facilitate the Relocation, the Company is requesting the bondholders to provide their consent to the necessary amendments to the terms and conditions of the Bonds, in each case on the terms and as further described in more detail in the notice of the Written Procedure.

The written procedure will end on 3 June 2024 and the deadline for voting is 15:00 (CEST). The Written Procedure may, however, be concluded before the expiry of the voting deadline if a requisite majority has accepted the requests. To be eligible to participate in the written procedure a holder of Bonds must fulfil the formal criteria for being a bondholder on 24 May 2024. This means that the holder of Bonds must be registered on a securities account with Euronext Securities Oslo (the "CSD") as a direct registered owner or authorised nominee with respect to one or several Bonds.