Måndag 4 November | 23:35:24 Europe / Stockholm
2024-02-16 13:00:00

Go North Group AB (publ) ("Go North") today announces the successful completion of the written procedure that was initiated 25 January 2024 in relation to Go North's outstanding senior secured bonds with ISINs NO0012829847 (SEK Tranche) and NO0012829854 (USD Tranche) (the "Existing Bonds") (the "Written Procedure"), regarding, among other things, certain waivers and amendments to the terms and conditions of the Existing Bonds (the "Proposal").

A sufficient number of bondholders participated in the Written Procedure in order to form a quorum, and a requisite majority of the bondholders voted in favour of approving the Proposal. Go North will continue with the contemplated updates to its capital structure as set out in the Written Procedure and is proceeding on the basis of the indicative time plan included in the notice of Written Procedure.

Go North also reminds holders of the Existing Bonds, that in order to be able to receive the consent fee and, in turn, the convertible bonds (as referred to in the Written Procedure), such holders of Existing Bonds must make themselves known by giving notice to the agent that it wishes to receive the consent fee, including information on such holder of Existing Bonds' custody account or VP-account (as applicable) as soon as possible following the relevant record date, which will be announced by Go North by way of a press release and which is expected be on 28th February 2024. If the agent has not received notice from the relevant holder of Existing Bonds prior to 17:00 CET on 13th June 2024, such holder of Existing Bond(s) will not be entitled to receive the consent fee and, in turn, the convertible bonds.