Func Food Group Oyj – Non-payment of accrued bond interest
Func Food Group Oyj (the “Company”) has issued senior secured callable bonds in the nominal amount of up to EUR 50,000,000 with ISIN SE0007186150 under the terms and conditions originally dated 25 June 2015 (as amended from time to time) (the “Terms and Conditions”).
Pursuant to the Terms and Conditions, the Company is obliged to pay on 26 March 2019 the interest accrued on the bonds for the preceding interest period. However, the board of directors of the Company has today resolved that such payment cannot and will not be made on such due date. The Company intends to continue business operations otherwise as before. The Company is currently negotiating with certain key bondholders on the possible amendments on the Terms and Conditions and the Company’s owners are engaged in discussions pertaining to the future ownership structure of the Company. However, the outcome of such negotiations is still uncertain.
For further information, please contact:
Jani Partanen, CFO, Func Food Group Oyj
Telephone: +358 40 518 3076
This information is information that Func Food Group Oyj 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 08:00 CET on 27 March 2019.