DDM Debt announces that the Bondholders' Meeting scheduled to occur on 3 December 2019 for the bonds due 2022 is cancelled
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OR TO ANY PERSON LOCATED OR RESIDENT IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.
DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) (the "Company") today announces that, after discussions with the holders of the Company's outstanding up to EUR 150,000,000 senior secured floating rate bonds due 2022 (ISIN SE0012454940) (the "Bonds"), the Bondholders' meeting that was convened in relation to the Bonds and scheduled to be held on 3 December 2019 is cancelled. The Company will consider whether a new amendment process will be initiated at a later stage, and further information will in such case follow.
Capitalised terms not otherwise defined in this notice shall have the meaning given to them in the terms and conditions of the Bonds.
For further information, please contact:
Henrik Wennerholm, Chief Executive Officer
Tel: +41 79 539 88 59
Fredrik Olsson, Chief Financial Officer
Tel: +41 79 331 30 17
This information is information that DDM Debt AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 7.45 CET on 3 December 2019.
DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a wholly owned subsidiary of DDM Holding AG. DDM Holding AG (First North Growth Market: DDM) is a multinational investor in and manager of distressed assets. Since 2007, the DDM Group has built a successful platform in Southern, Central and Eastern Europe, and has acquired 2.3 million receivables with a nominal value of over EUR 4 billion.