Real People Investment Holdings Limited: Nordic bondholders approved an extension of the standstill period in written procedure
(Thomson Reuters ONE) -
Real People Investment Holdings Limited (the "Company") today announces the
successful completion of a written procedure in relation to the Company's
outstanding SEK 260,000,000 and NOK 135,000,000 senior unsecured callable bonds
with ISINs SE0005392560 and NO0010689342 2013/2018.
The Nordic bondholders authorized the bondholders' agent to (i) consent to an
extension of the last date of the Standstill Period (as defined in the
Standstill Agreement referred to below) from no later than 31 August 2017 until
no later than 30 November 2017, and (ii) approve that an addendum is made to the
Standstill Agreement to the effect that the automatic termination of the
Standstill Period upon certain events is qualified by the requirement that the
Majority Standstill Creditors (as defined in the Standstill Agreement) also
elects to terminate the Standstill Period (the "Proposal").
As previously communicated in press releases, the Real People Group is
experiencing financial difficulties and the Company has entered into a
Standstill Agreement with the Nordic bondholders and its other senior creditors
in order to facilitate a restructuring of its capital structure. During the
standstill period the creditor parties to the standstill agreement may not take
enforcement actions against the Company (save for in certain limited
circumstances).
For further information, please contact:
Neil Grobbelaar, Group Chief Executive Officer
Email: NGrobbelaar(at)realpeople.co.za
The information contained in this press release is such information that Real
People Investment Holdings Limited is required to publish in accordance with the
Swedish Securities Market Act (2007:528) and/or the Swedish Financial
Instruments Trading Act (1991:980). The information was submitted for
publication, through the agency of the contact person set out above, on 22
August 2017 at 20h30.
RPIH Press Release - Approval of Written Procedure - 22 August 2017:
http://hugin.info/173743/R/2128643/812947.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Real People Investment Holdings Limited via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 22.08.2017 - 20:47 Uhr
Sprache: Deutsch
News-ID 557461
Anzahl Zeichen: 2807
contact information:
Town:
Rosebank
Kategorie:
Business News
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