PA Resources receives approval for deferred interest payments
The bondholders in PA Resources’ NOK and SEK denominated bonds, have at the bondholders meeting and by the written procedure respectively, approved PA Resources’ proposal announced on 10 February 2015 of, inter alia, deferred interest payments. The decision to approve the proposal obtained 99.86% of the votes in the written procedure for the SEK bonds and was unanimous in the bondholders meeting for the NOK bond. In summary, the approval means that the originally scheduled payment dates in October 2014 under the bonds have been deferred to 31 March 2015 and that, consequently, interest