RNB RETAIL AND BRANDS AB (PUBL) announces the result of the written procedure instigated 17 September 2020
On 17 September 2020 RNB RETAIL AND BRANDS AB (publ) (the "Issuer") instructed Nordic Trustee & Agency AB (publ) (the "Agent"), agent for the Issuer's SEK 600,000,000 senior secured floating rate notes with ISIN SE0010625830 (the "Notes"), to instigate a written procedure (the "Written Procedure") to resolve on the noteholders' approval of the composition proposal according to which the non-priority claims towards the Issuer's subsidiaries Departments & Stores Europe AB, Polarn O. Pyret Aktiebolag and Brothers AB, shall be reduced with 75 per cent (including the guarantees and the pledged