Notice of written procedure for notes issued by Mobylife Holding A/S (formerly Telecare Service Holding A/S)
(Stockholm, 18 May 2015)
Mobylife Holding A/S (the “Issuer”) has requested that the holders of its senior secured notes with ISIN SE0005936382 (the “Notes”) approve a waiver relating to a certain provision of the terms and conditions of the Notes.
CorpNordic Sweden AB, acting in its capacity as agent for the noteholders under the terms and conditions of the Notes, has at the request of the Issuer on 8 May 2015 initiated a written procedure in which the noteholders can approve or reject a request made by the Issuer. The request involves a waiver of the Issuer’s obligation under clause 11.1.1(a) of the terms and conditions to prepare its audited consolidated annual accounts in accordance with the applicable accounting principles.
The waiver is being requested as the agent is of the view that the Issuer was not permitted to prepare its audited annual consolidated accounts for the financial year ended 31 December 2014 in accordance with IFRS. The Issuer does not agree with the agent’s interpretation but is requesting a waiver in order to avoid any possible acceleration of the Notes since the alleged breach may trigger an event of default to occur under the terms and conditions.
The waiver is sought without prejudice and should not be seen as an acceptance that a breach of the terms and conditions of the Notes or an event of default has occurred or will occur.
Voting forms must be received by the agent no later than at 17.00 (CET) on 8 June 2015.
To be eligible to participate in the written procedure a holder must fulfill the formal requirements of being a Noteholder (as defined in the terms and conditions of the Notes) on 25 May 2015.
The formal notice of the written procedure has been sent by ordinary mail to direct registered noteholders and registered authorised nominees in accordance with the terms and conditions of the Notes.
A copy of the notice with more information on the written procedure and how to participate can be downloaded from the agent’s webpage: www.corpnordic.com
For further information:
The agent:
CorpNordic Sweden AB
Sara Olsson
Email: trustee@corpnordic.com
Tel: +46 8 402 72 00
The Issuer:
Mobylife Holding A/S
Martin Pedersen, CEO
Email: martin.pedersen@mobylife.dk
Tel: +45 2621 2121
Martin Nyberg, CFO
Email: martin.nyberg@mobylife.dk
Tel: +45 2929 8200
Information meeting:
A conference call will be held at 10.30 – 11.30 (CET) on 1 June 2015 where more detailed information on the reasons for the request will be presented by the Issuer and where the noteholders will have the opportunity to ask questions to the Issuer. For further information see section C. (Information meeting) of the notice.
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