Update to financing agreements and capital need in the medium term
In reference to the company announcements on 7 November 2024 regarding the strengthening of Asetek's financial position through a contemplated rights issue and Q3 2024 financial results, Asetek A/S (the "Company") announces updates on its financing arrangement. Following constructive dialogue with its primary financing source (the "Bank"), the Company has received a waiver from the Bank in respect of the announced earnings covenant breaches. As a result, the Company is no longer in breach of its financing agreement with the Bank. Additionally, the Company and the Bank have agreed on