Func Food Group Oyj – Additional equity contribution

Published on January 5, 2018 at 14:00 CET.

Func Food Group Oyj (the "Company") has on 18 December 2017 given instructions to Nordic Trustee & Agency AB (publ), being the agent under its up to EUR 50,000,000 senior secured callable bond loan with ISIN SE0007186150 2015/2019 (the "Bonds") to initiate a written procedure in order to request that the bondholders vote in favor of amending the terms and conditions of the Bonds to restore the equity position within the group, allow certain changes to be made in the organization and debt structure of the group, and enhance the liquidity position of the group. The Company's shareholders Sentica Buyout IV Ky and Sentica Buyout IV Co-Investment Ky have, provided that the Bondholders vote in favor of approving the amendments of the terms and conditions, undertaken to ensure that additional equity, amounting to a minimum of EUR 2,000,000 and a maximum of EUR 3,000,000, of which EUR 1,575,592 was contributed on 24 November 2017, is irrevocably and unconditionally contributed to the Company.

The Company's shareholders Sentica Buyout IV Ky and Sentica Buyout IV Co-Investment Ky have confirmed that the maximum amount of EUR 3,000,000, including the EUR 1,575,592 which was contributed on 24 November 2017, will be contributed to the Company provided that the Bondholders vote in favor of approving the amendments of the terms and conditions. Additional equity contributions will be made within 2 months of the Bondholders' approval of the amendments of the terms and conditions in accordance with the notice to a written procedure.

For further information, please contact:

Tommi Virtanen, CFO
Telephone: +358 40 590 4040
Email: tommi.virtanen@funcfood.com