Acroud receives approval from the bondholders in the written procedure for its outstanding bond loan
On 28 May 2024, Acroud AB (publ) (the “Company” or “Acroud”) initiated a written procedure (the “Written Procedure”) under its outstanding bond loan 2022/2025 with ISIN SE0017562481 (the “Bonds”). The Written Procedure was initiated for the purpose of requesting the bondholders’ content for a waiver as summarised in the Company’s press release dated 28 May 2024 and as further set out in the notice of Written Procedure which is available on the websites of the Company and Nordic Trustee & Agency AB (publ) (the “Agent”). All capitalised terms used herein and not otherwise defined shall have the meaning assigned to them in the notice of Written Procedure.
Acroud today announces that the Written Procedure has been successfully concluded, that a sufficient number of votes were obtained in order to form a quorum and that approximately 92.6 per cent. of the Adjusted Nominal Amount for which the bondholders were voting, voted in favour of the Request. Accordingly, the Agent has today concluded the Written Procedure. The Request was approved and the waiver therein became effective today, 17 June 2024.
Pursuant to the Written Procedure, Acroud shall repay five (5) per cent. of the Initial Nominal Amount at a price equal to one hundred (100.00) per cent. of the Nominal Amount on a pro rata basis no later than on 10 July 2024 (“Partial Repayment”) and, in addition, pay a consent fee amounting to seventy-five (75) basis points of the Nominal Amount of the Bonds to the Bondholders on a pro rata basis within twenty (20) Business Days after the conclusion of the Written Procedure (the “Consent Fee”).
Acroud announces that the Partial Repayment and the Consent Fee will be made on 10 July 2024 through the CSD to such person who is registered as a Bondholder on the record date 3 July 2024.
For questions to the Agent regarding the administration of the Written Procedure, please contact the Agent at voting.sweden@nordictrustee.com or +46 8 783 79 00.
Responsible parties
The information in this press release has been published through the agency of the contact person below, at the time specified by Acroud AB’s (publ) news distributor Cision for publication of this press release. The persons below may also be contacted for further information.
For further information, please contact:
Robert Andersson, President and CEO
+356 9999 8017
Andrzej Mieszkowicz, CFO
+356 99112090
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-moving challenger in the space of iGaming Affiliation and B2B SaaS Solutions. Along with its core affiliate business, which contains 30+ comparison and news sites under strong digital brands in multiple verticals, Acroud develops and offers SaaS (Software as a Service) solutions within the affiliate industry. The company also provides streaming services and runs the innovative gaming event – The Festival Series.
Following a number of mergers in 2020 and 2021, many talented industry experts have joined Acroud's journey, leading the organization towards a Software-Based Affiliation company. Driven by the sustainable growth and profitability of our partners, our mission is to connect People, Content Creators (Youtubers, Streamers, Affiliates) and Businesses. Acroud has been listed on the Nasdaq First North Growth Market under the ticker symbol ACROUD since June 2018.