Humble Group initiates written procedures for its senior secured bonds 2021/2024 and senior secured bonds 2021/2025

Humble Group AB (publ) (the “Company” or “Humble Group”) is requesting the approval from its bondholders to amend the Company’s outstanding bonds’ terms and conditions in order to cater for a change of the Company’s accounting principles to IFRS.

Humble Group is requesting the approval from holders of its maximum SEK 500,000,000 senior secured callable fixed rate bonds 2021/2024 (ISIN: SE0013801172) (“Bonds 2021/2024”) and its maximum SEK 1,500,000,000 senior secured callable floating rate bonds 2021/2025 (ISIN: SE0016273742) (“Bonds 2021/2025” and jointly with Bonds 2021/2024, “Bonds”) with an amount of SEK 300,000,000 and SEK 1,500,000,000 currently outstanding, respectively, to amend the terms and conditions of the Bonds (the “Terms and Conditions”), as part of the preparation to amend the Company’s accounting principles to IFRS in the near future.

In order to amend the Terms and Conditions, the Company has today instructed the agent, Nordic Trustee & Agency AB (publ), to initiate two separate written procedures (jointly the “Written Procedures”) for the Company’s outstanding Bonds. The notices of the Written Procedures are held available by the agent on its web page, https://nordictrustee.com/, are attached to this announcement and have been prepared in accordance with Clause 18.3 (Written Procedure) of the terms and conditions of the Bonds 2021/2024 and Clause 17.3 (Written Procedure) of the terms and conditions of the Bonds 2021/2025, respectively.

The applicable voting requirement to approve the requests are, as set out in more detail in the notices of the Written Procedures, (i) that Holders representing at least twenty (20.00) per cent. of the adjusted nominal amount participate in each of the Written Procedures and (ii) that fifty (50.00) per cent. of the adjusted nominal amount for which Holders reply in each of the Written Procedures consent to the request.

Further information about voting requirements and important dates for the Written Procedures is available in the notices of the Written Procedures.

Carnegie Investment Bank AB (publ) has been appointed financial advisor and arranger and Gernandt & Danielsson Advokatbyrå as legal advisor in relation to the Written Procedures.

For questions relating to the transaction, please contact Carnegie Investment Bank at dcmsyndicate@carnegie.se.

For further questions to the agent regarding the administration of the Written Procedure, please contact the agent at voting.sweden@nordictrustee.com or +46 8 783 79 00.

For more information, please contact:
Simon Petrén, CEO, Humble Group AB (publ)
E-mail: simon.petren@humblegroup.se
Tel: +46 8 61 32 888

This information was released for public disclosure, through the agency of the contact person above, on 31 January 2023 at the time as set out above (CET).

Humble Group is a Swedish food-tech and FMCG-group, supplying the next generation of products that are good for people and the planet. Humble targets the segments of foodtech, eco, sustainability and vegan to drive high organic growth, acquisitions and utilize synergies in the different operation entities: Brands, Distribution, Manufacturing and Ingredients and R&D. Humble’s technology solutions, refined through scientific research and extensive market experience, facilitate new formulations and recipes that improve the taste and texture of the next generation of sugar-reduced, sustainable and vegan products. For more information visit www.humblegroup.se

Humble Group is listed on Nasdaq First North Growth Market, under the ticker HUMBLE. FNCA Sweden AB is Humble Group’s certified adviser. Tel: 08-528 00 399, e-mail: info@fnca.se