Results from Scandinavian Biogas Fuels International AB’s written procedure and renewed written procedure
On 11 April 2018 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 certain terms and conditions in order to allow the Company to apply funds on an escrow account in the most optimal way for the Company's business with the intention to use funds towards financing investments in the Company's Norwegian facility, pay transactions costs and towards general corporate purposes of the group.
Although a majority of the bondholders that participated voted to approve the written procedure, a sufficient number of votes was not obtained in order to form a quorum It is therefore resolved that the request that the bondholders waive certain terms and conditions proposed in the written procedure has not been approved.
In accordance with the terms and conditions, a renewed notice to a written procedure, regarding the same request to waive certain terms and conditions that was proposed in the initial notice to a written procedure, will be sent to the bondholders. The renewed notice to a written procedure regarding the same request does not require a quorum.
The notice to the written procedure will be available on the Company's website (www.scandinavianbiogas.com) and on Stamdata (www.stamdata.com).
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 the production of raw biogas in South Korea.
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 22:00 CEST on 2 May 2018.