Stockholm, 2017-06-01 08:00 CEST (GLOBE NEWSWIRE) --
Vostok New Ventures Ltd. (the ”Company”) has today initiated a written procedure in order to amend the terms and conditions of its outstanding SEK 300 million bond loan 2016/2019 (the “Terms and Conditions”) (the “Bond Loan”). Bondholders will be requested to vote to amend the Terms and Conditions to permit the issuance of new unsecured debt ranking pari passu with the existing Bond Loan and to permit the Company to postpone the maturity date of the loan provided to Delivery Hero Holding GmbH (now named Delivery Hero AG). Provided the amendment is approved by the required majority of bondholders in accordance with the written procedure, the Company will pay a consent fee to all existing bondholders under the Bond Loan.
Concurrently, the Company has mandated Pareto Securities to approach investors concerning the potential issue of a new senior unsecured SEK-denominated bond. The transaction remains subject to inter alia the successful completion of the written procedure and prevailing market conditions.
Notice to the written procedure containing further details about the proposed amendment to the Terms and Conditions as well as information concerning the voting procedure will be made available on the Company’s website http://www.vostoknewventures.com.
For further information please contact:
Björn von Sivers, Investor Relations: +46 (0)8 545 015 50
Vostok New Ventures Ltd, formerly Vostok Nafta Investment Ltd, is an investment company with the business concept of using experience, expertise and a widespread network to identify and invest in assets with considerable potential for value appreciation. The company has a special focus on online marketplaces and businesses with strong network effects. The Swedish Depository Receipts (SDRs) of Vostok New Ventures are listed on Nasdaq Stockholm, Mid Cap segment, with the ticker VNV SDB. For more information on Vostok New Ventures, visit www.vostoknewventures.com.
This information is information that Vostok New Ventures Ltd is required to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CEST on June 1, 2017.
