Results of AS PRFoods Buy-Back of Secured Notes and Change in Schedule of Buy-Back
November 10 2023 - 6:00AM
Results of AS PRFoods Buy-Back of Secured Notes and Change in
Schedule of Buy-Back
Pursuant to the stock exchange announcement
published on 21.11.2022, AS PRFoods (registry code 11560713,
registered address at Pärnu mnt 141, 11314 Tallinn, Estonia;
„PRFoods“ or „Issuer“) announced
a partial buy-back of PRFoods notes due 22.01.2025 with ISIN code
EE3300001577 (the "Notes") issued by PRFoods on
14.01.2020 pursuant to the terms and conditions of the issue of the
secured notes (as amended on 25.02.2020, 25.02.2022 and 20.09.2022)
(the "Terms and Conditions"), up to a maximum
aggregate amount of 15% of the aggregate principal amount of all
outstanding Notes. Thereafter, PRFoods decided to prolong the
period for submission of offers for buy-back, wherefore the Issuer
published an announcement on 26.09.2023 on the changes in the
schedule of buy-back of the Notes. The period for the submission of
offers for buy-back commenced on 28.11.2022 at 10:00 and ended on
07.11.2023 at 12:00.
Offers for buy-back were submitted to the Issuer
by persons holding the Notes (hereinafter the
“Noteholder”) in the total amount of 16,382 Notes
with the aggregate nominal amount of EUR 1,638,200, representing
approximately 14.9% of the aggregate nominal value of all
outstanding Notes. In accordance with the terms of the buy-back of
the Notes and allocation rules outlined in the stock exchange
announcements published 21.11.2022 and 26.09.2023, the Issuer
corrected the submitted offers for buy-back and accepted offers for
buy-back of the Notes submitted by the Noteholders in the total
amount of 14,235 Notes with the aggregate nominal value of EUR
1,423,500. Proceeding from the foregoing, the Issuer will be buying
back from the Noteholders in aggregate 14,235 Notes with the
aggregate nominal value of EUR 1,423,500, representing
approximately 13% of the nominal value of all outstanding
Notes.
PRFoods additionally notifies that due to
certain reasons independent of the Issuer and in accordance with
the Issuer’s right to unilaterally amend the terms and conditions
of the buy-back of the Notes outlined in the stock exchange
announcement published on 21.11.2022, the Issuer has decided to
postpone the settlement date of the buy-back of the Notes (i.e. the
date of transfer of the Notes and the purchase price of the Notes).
PRFoods hereby notifies that the settlement of the Notes and the
purchase price for the Notes will be carried out on 30.11.2023. In
connection with the postponement of the settlement date, the Issuer
also notifies that the buy-back price per Note will be equal to its
nominal value, to which accrued but unpaid interest calculated in
accordance with the Terms up to (but excluding) 29.11.2023 will be
added.
The settlement of the Notes and the purchase
price for the Notes will be conducted automatically and the
Noteholders having participated in the buy-back will not be
required to take any steps for the purposes of the settlement.
Additional Information:Indrek
KaselaAS PRFoodsMember of the Management BoardT: +372 452
1470investor@prfoods.eewww.prfoods.ee
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