Biokraft International AB (Publ) Announces Change Of Control Event Under Its Senior Secured Floating Rate Green Bonds Due 2026

This notice is made in respect of Biokraft International AB (publ) (previously Scandinavian Biogas Fuels International AB (publ)) (“Biokraft”) up to SEK 1,200,000,000 senior secured floating rate green bonds due 2026 (ISIN: SE0015812441) (the “Bonds”).

Biokraft announced on 22 March 2024 that it had resolved to apply for delisting of the shares in Biokraft from Nasdaq First North Premier Growth Market (the “Delisting”) on the request of its shareholder 1Vision Biogas AB (“1Vision Biogas”) that controls about 95 percent of the shares in Biokraft.

Biokraft further announced on 26 March 2024 that Nasdaq First North Premier Growth Market had approved Biokraft’s application regarding the Delisting and that the last day of trading in the shares in Biokraft would be 8 April 2024. The Delisting has occurred today, 9 April 2024, and has trigged a Change of Control Event under the Terms and Conditions.

The occurrence of the Delisting has triggered a Change of Control Event under the terms and conditions for the Bonds (the “Terms and Conditions”).

As a result of the Change of Control Event, each holder of a Bond (each a “Bondholder”) has a right to request that all, or some only, of its Bonds are repurchased at a price per Bond equal to 101 percent of the Nominal Amount together with accrued but unpaid interest, pursuant to Clause 9.6.1 of the Terms and Conditions. A Bondholder who would like to exercise its right to have all, or some only, of its Bonds repurchased shall sign and send a repurchase instruction form by email to Nordea at NordeaLiabilityManagement@nordea.com no later than 20 Business Days following Bondholders’ receipt of this Notice, i.e. being no later than at 12.00 CEST on 14 May 2024, after which period such right will lapse.

The repurchase instruction form may be obtained by contacting Nordea by email at NordeaLiabilityManagement@nordea.com.

The Redemption Date applicable to those Bondholders who have (i) not already submitted the relevant Bonds for repurchase pursuant to the mandatory purchase announced 2 February 2024 and expired 6 March 2024, and (ii) submitted a valid repurchase instruction in accordance with the repurchase instruction form, in due time, will be a date falling no earlier than 16 May 2024 and no later than 11 July 2024, the exact date to be communicated by way of press release no later than on 14 May 2024.

This information was submitted, through the care of the below contact person, for publication on 9 April 2024 at 11:00 CEST.

For more information, please contact:
Matti Vikkula, CEO Biokraft International AB 
Telephone: +46-70 597 99 38
Email: matti.vikkula(at)biokraft.com

Biokraft is a Nordic greentech company that produces bioenergy and plant nutrition in a circular cycle by recycling organic waste and residual products in large-scale biorefineries. Biogas is CO2-neutral and lowers GHG emissions by over 100% when replacing fossil fuels. Biokraft will build, own and operate large-scale biogas plants with a focus on the Northern European market. Today there are facilities in Sweden, Norway and Korea. Biokraft has just over 120 employees and had total revenues of SEK 534 million in 2023. The company is listed on the Nasdaq First North Premier Growth Market. The Certified Adviser is Carnegie Investment Bank AB (publ). www.biokraft.com