Acroud seeks approval from bondholders regarding certain amendments to the terms and conditions of its outstanding senior secured bond loan 2017/2022

Acroud AB (publ) (“Acroud” or the “Company”) today announces that it is, through a written procedure, soliciting approval from holders of its bonds (the “Bondholders”) with ISIN SE0010297572 (the “Bonds”) to make certain amendments to the terms and conditions of the Bonds.

Acroud has requested that Nordic Trustee & Agency AB (publ), acting in its capacity as agent (the “Agent”) for the Bondholders, initiates a written procedure in accordance with the terms and conditions of the Bonds. The purpose of the written procedure is for the Bondholders to grant consent to certain amendments to the terms and conditions of the Bonds (the “Proposal”). The overall objective of the amendments proposed herein is to enable Acroud to (i) issue additional shares without being dependent on the existing main shareholder to participate pro rata and (ii) acquire companies and pay with Acroud shares through issues in kind. The proposed amendments can be found in the notice of written procedure (the “Notice”) which is available on the websites of Acroud (www.acroud.com/investor-relations) and the Agent (www.nordictrustee.com) and (www.stamdata.com).

On 24 November 2020, Acroud completed a directed share issue of 35,294,118 shares at a price of SEK 2.55 per share amounting to approximately SEK 90 million in allocated demand (the “Share Issue”). Acroud received gross proceeds amounting to approximately SEK 75 million through the Share Issue. 5,820,759 shares in the Share Issue was paid for by set-off against SEK 14,842,935 of the Company’s outstanding bonds. The Share Issue decreases Acroud’s leverage and therefore further strengthens the Company’s financial position.

- “We are confident that it is for the benefit of Acroud, as well as the Bondholders, that the Company is able to issue additional shares. The announced acquisitions will increase the earnings capacity and decrease the financial risk in the Company over time”, comment from Robert Andersson, CEO of Acroud.

To be eligible to vote in the written procedure, a Bondholder must on 2 December 2020 be registered in the debt register (Sw. skuldbok) for the Bonds as a direct registered owner (Sw. direktregistrerad ägare) or as an authorised nominee (Sw. förvaltare) with respect to one or several Bonds. The Agent must receive a duly completed voting form no later than 15.00 (CET) on 22 December 2020. The written procedure may be completed in advance if a sufficient number of votes to achieve certainty of outcome have been received before 22 December 2020.

Acroud expects to announce the result of the written procedure no later than 22 December 2020. Following such announcement, a notice of the outcome of the written procedure will also be published on the websites of Acroud and of the Agent.

For further details regarding the written procedure, please refer to the Notice.

   
For further information, please contact:

Robert Andersson, President and CEO
+356 9999 8017

Gustav Vadenbring, CFO
+356 9967 6001

   
About ACROUD AB
ACROUD owns, operates and develops high-quality comparison sites, mainly in iGaming affiliation, for the purpose of helping our partners by channelling high-quality users to the Company’s customers – primarily iGaming operators. Through the sites, ACROUD generates high-quality users, primarily to global iGaming operators. The Company, which was founded in 2003, has just over 70 employees and is headquartered in Malta. The share (ACROUD) is listed on Nasdaq First North Growth Market. Certified Adviser: FNCA Sweden AB, info@fnca.se, +46 8 528 00 399

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