Results from Scandinavian Biogas written procedure
On 29 March 2019 Scandinavian Biogas Fuels International AB (publ) (the "Company") instructed the agent for the Company's up to SEK 300,000,000 senior secured bonds with ISIN SE0007784111 to initiate a written procedure requesting that the bondholders waive its maintenance covenant under the terms and conditions for the Bonds for the test periods ending on 31 March and 30 June 2019.
A clear majority of the Bondholders that were voting in the written procedure voted in favor of the written procedure. It is therefore resolved that the written procedure has been approved.
Pareto Securities acted as financial advisor to the company.
For further information, please contact:
CEO Scandinavian Biogas
+46 (0) 70-597 99 38
The company in brief:
Scandinavian Biogas is today one of the largest private producers of biogas as a vehicle fuel. The Company also operates a manufacturing plant for pre-treatment of food waste and industrial organic waste, as well as a plant for production of raw biogas in South Korea and a plant for production of liquid biogas in Norway.
This information is information that Scandinavian Biogas Fuels International AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 09:00 CEST on 18 April 2019.