M.O.B.A. obtains the bondholders’ approval in the written procedure under its outstanding bonds and gives conditional notice of a partial redemption of its outstanding bonds
M.O.B.A. Network AB (“M.O.B.A.” or the “Company") announces that the written procedure initiated on 24 March 2026 (the “Written Procedure”) under the terms and conditions of its outstanding senior secured bond loan with ISIN SE0020050540 (the “Terms and Conditions” and the “Bonds”, respectively) has been successfully concluded.
M.O.B.A. initiated the Written Procedure in order to request the holders of the Bonds’ (the “Bondholders”) approval to, inter alia, extend the maturity date and to make certain amendments to the terms and conditions for the Bonds (as further described in the press release dated 17 March 2026 and the notice of the Written Procedure which are available on the Company’s website).
A sufficient number of votes were obtained to form a quorum and a requisite majority of the voting Bondholders voted in favour of approving the request set out in the Written Procedure. Accordingly, the agent, CSC (Sweden) AB, has today concluded the Written Procedure. The amendments of the Terms and Conditions will come into effect upon execution of the amended and restated Terms and Conditions and will be made available on the Company’s website.
In addition, pursuant to the notice of the Written Procedure, the Company shall apply the proceeds, net of transaction costs, from the disposal of Magic Find, Inc., completed on 6 March 2026, towards, inter alia, an early partial redemption of the Bonds. The Company therefore hereby gives conditional notice that it intends to redeem Bonds in a nominal amount of EUR 9,000,000 (the “Initial Partial Redemption”). The Initial Partial Redemption is conditional upon the fulfilment of all conditions precedent for the Effective Date, as set out and defined in Section 4 (Effective Date) of the notice of the Written Procedure (the “Conditions”). If the Conditions are satisfied, the Initial Partial Redemption will become irrevocable and Bonds in a nominal amount of EUR 9,000,000 will be redeemed at a price equal to 100 per cent. of the nominal amount by way of reducing the outstanding nominal amount of each Bond pro rata. No accrued but unpaid interest will be paid in respect of the nominal amount redeemed pursuant to the Initial Partial Redemption.
Subject to the Conditions, the Initial Partial Redemption will be carried out on 28 April 2026 to Bondholders who are registered as a bondholder in the debt ledger maintained by Euroclear Sweden as of the record date, 21 April 2026.
For questions for the Agent regarding the administration of the Written Procedure, please contact the Agent at se.trustee@cscglobal.com or +46 70 833 52 90.