Stockholm, 2017-07-21 17:45 CEST (GLOBE NEWSWIRE) --
As communicated in a press relase by Vostok New Ventures Ltd (the “Company”) dated 12 July 2017, the board of directors of the Company has resolved to redeem the Company’s entire SEK 300,000,000 bond 2016/2019 with ISIN SE0008406367 (the “Bonds”). The Company has today given notice of the early redemption pursuant to the terms and conditions of the Bonds.
The redemption of the Bonds is expected to occur on 17 August 2017 (the “Early Redemption Date”). The record date for the early redemption will be 10 August 2017, and the Bonds will be redeemed at the Make Whole Amount (including accrued but unpaid interest), amounting to approximately SEK 1,066,000 per Bond (based on today’s Swedish Government Bond Rate (as definied in the terms and conditions of the Bonds), the final amount will be established in connection with the Early Redemption Date). In conjunction with the redemption, the Bonds will be delisted from the corporate bond list at Nasdaq Stockholm.
The Company’s notice of early redemption is irrevocable.
For further information please contact:
Björn von Sivers, Head of Investor Relations, Tel +46 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 17.45 CEST on July 21, 2017.
