North Investment Group AB (publ) receives approval from bondholders in the written procedure for its outstanding SEK 285,000,000 bonds.

30 April 2024 – North Investment Group AB (publ) (the “Company”) announces that the written procedure initiated through a notice on 4 April 2024 (the "Written Procedure") regarding certain amendments to the terms and conditions for the Company's SEK 285,000,000 Senior Secured Floating Rate Bonds with ISIN SE0015938493 (the “Bonds”) has today been successfully completed.

The Written Procedure was initiated in order to receive the bondholders' consent to implement, inter alia, an extension of the tenor of the Bonds, a new call structure, additional security as well as certain other amendments as set out in the notice of the Written Procedure (the "Amendments").
Quorum was reached and a requisite majority of the voting bondholders voted in favour of the Company's request under the Written Procedure. The terms and conditions of the Bonds have been amended and restated effective from today 30 April 2024, to reflect the approval of the request (the "Amended and Restated Terms and Conditions"). The Amended and Restated Terms and Conditions will be available on the Company's website (www.sono-group.com) and on Stamdata (www.stamdata.com).
Information regarding payment of the amendment fee set out in the notice of the Written Procedure will be given in a separate company announcement.
Please see the notice of the Written Procedure attached hereto and available on Stamdata for a description of the Amendments.
Arctic Securities AS and Pareto Securities AS acted as financial advisors and Advokatfirmaet Simonsen Vogt Wiig AS acted as legal advisor in relation to the Written Procedure.
For further questions to the Company please contact: Tore Knut Skedsmo (CEO) Mob: +47 952 25 306, E-mail: tore.skedsmo@sono.no.