DDM Debt announces the successful completion of its Written Procedure and amendments to the terms and conditions of its EUR 50 million bonds with ISIN: SE0010636746

DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) ("DDM Debt") today announces the successful completion of the written procedure (the "Written Procedure") that was initiated on 7 July 2020 in relation to its up to EUR 160,000,000 senior secured bonds due 2020 (ISIN SE0010636746) (the "Bonds") regarding certain amendments to the terms and conditions of the Bonds, as specified in the notice of Written Procedure dated 6 July 2020 (the "Proposals"). The last time and day for the holders of the Bonds (the "Bondholders") to vote on the Proposals was 17.00 (CEST) on 14 August 2020.

A sufficient number of Bondholders participated in the Written Procedure in order to form a quorum, and a requisite majority of the Bondholders voted in favour of the Proposals.

DDM Debt will pay a consent fee to the eligible Bondholders amounting to EUR 1,000 per bond (being 1.00 per cent. of the nominal amount per bond) (the "Consent Fee"). The Consent Fee will be payable to all persons who are registered as a direct registered owner or authorised nominees in the debt register kept by Euroclear Sweden on 21 August 2020 and the payment of the Consent Fee is expected to be made five (5) business days thereafter through Euroclear Sweden's account based system.

The amendments are effective as of 14 August 2020.

This 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 below, at 17.30 CEST on 14 August 2020.

For more 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

Mail: investor@ddm-group.ch

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. Arctic Securities is DDM Holding AG’s Certified Adviser (tel: +46 8 44686080, e-mail: certifiedadviser@arctic.com). 

About Us

DDM Debt AB (publ) (Nasdaq Stockholm: DDM2) is a subsidiary of DDM Holding AG (First North Growth Market: DDM) a specialized multinational investor and manager of non-performing loans and special situations, offering the prospect of attractive returns from the expanding Southern, Central and Eastern Europe market. 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. For sellers (banks and financial institutions), management of portfolios of distressed assets is a sensitive issue as it concerns the relationship with their customers. For these sellers, it is therefore critical that the acquirer handles the underlying individual debtors professionally, ethically and with respect. DDM has longstanding relations with sellers of distressed assets, based on trust and the Company’s status as a credible acquirer. The banking sector in Southern, Central and Eastern Europe is subject to increasingly stricter capital ratio requirements resulting in distressed assets being more expensive for banks to keep on their balance sheets. As a result, banks are increasingly looking to divest portfolios of distressed and other non-core assets. DDM Holding AG, the Parent Company, is a company incorporated and domiciled in Zug, Switzerland and listed on Nasdaq First North Growth Market in Stockholm, Sweden, since August 2014.