Acroud announces that the conditions in the written procedure under outstanding bond loan are fulfilled
With reference to resolutions adopted today at the Extraordinary General Meeting in ACROUD AB (publ) (“Acroud” or the “Company”) which are announced and described in a press release published earlier today, the Company hereby announces that all conditions in the written procedure that was initiated on 18 December 2024 (the “Written Procedure”) in relation to its outstanding bond loan 2022/2025 with ISIN SE0017562481 (the “Bonds”) has been fulfilled, including the acquisition of the remaining shares in Acroud Media Ltd. All measures are made pursuant to the restructuring term sheet that the Company described in a press release dated 9 December 2024 (“Term Sheet”).
On 18 December 2024 the Company initiated the Written Procedure under the Bonds for the purpose of requesting approval from the Bondholders regarding the recapitalisation of the Company. For more information regarding the Written Procedure, and a more detailed description of the request and the transactions included in the restructuring Term Sheet, please see the notice of Written Procedure on the Company’s website. The Company announces today that Nordic Trustee & Agency AB (publ), in its capacity of agent under the Bonds, has confirmed that all conditions precedent for the Company’s request in the Written Procedure have been fulfilled.
As previously communicated in a press release on 14 January 2025, the subscription period for participating in the issue of super senior bonds with ISIN SE0023615661 has ended. Allocation of the super senior bonds has been completed and the settlement date is set to 29 January 2025. The total nominal amount for the super senior bonds is SEK 65,312,500 and comprises payment of SEK 26,125,000 in cash by the participating holders of Bonds and by way of set-off against Bonds in an amount of SEK 39,187,500.
The outstanding transactions under the Term Sheet are set out below and include, among other things, the settlement date for the super senior bonds, payment for the shares which shall be allotted the Bondholders including record date and expected date of delivery of shares to all subscribers.
|
Timing |
Action |
|
29 January 2025 |
Settlement date for the issue of the Super Senior Bonds with |
|
7 February 2025 |
The record date for holders of the Bonds to receive shares. This means that holders must be registered with Euroclear Sweden as a directly registered holder or nominee of Bonds in order to receive shares. |
|
14 February 2025 |
Payment for shares by Bondholders by way of mandatory write-down of outstanding debt under the Bonds. |
|
Expected date is |
Application for registration of shares with the Swedish Companies Registration Office. |
|
Expected between 18–24 February 2025 |
Delivery of shares to all subscribers. |
For further information, please contact:
Robert Andersson, President and CEO
+356 9999 8017
Andrzej Mieszkowicz, CFO
+35699112090
ACROUD AB (publ)
Telephone: +356 2132 3750/1
E-mail: info@acroud.com
Website: www.acroud.com
Certified Adviser: FNCA Sweden AB, info@fnca.se
From May 2024 (Q1 Report) Acroud has changed reporting and company language to English. This means that Interim Reports and the correlated press releases will be issued in English only.
About ACROUD AB
ACROUD is a fast-growing global challenger that operates and develops comparison and news sites within Poker, Sports Betting and Casino. Acroud also offers SaaS solutions for the iGaming affiliate industry. In past years, a number of companies have joined the ride and thus several experienced individuals in the industry leads Acroud’s journey to become "The Mediahouse of The Future". Our mission is to connect people, Content Creators (Youtubers, Streamers, Affiliates) and businesses. We are growing fast and remain a leading global player in the industry with just over 70 people in Malta, United Kingdom, Denmark and Sweden. Acroud has been listed on the Nasdaq First North Growth Market since June 2018.