Pursuant to the notice published on 15 June 2020 (the "Notice"), AS PRFoods
(registry code 11560713, registered address at Pärnu mnt 141, 11314 Tallinn,
Estonia; the "Issuer") has convened a meeting of persons holding the notes (the
"Noteholders") of the Issuer, due on 22 January 2025 and bearing ISIN code
EE3300001577 (the "Notes"), issued under the Terms and Conditions of Secured
Note Issue of AS PRFoods dated 14 January 2020 (which have been amended on 25
February 2020; the "Terms"), that is to take place on 30 June 2020
(the "Meeting").
The Issuer convened the Meeting to ask from the Noteholders a waiver of the
financial covenants provided the Terms for the Issuer's 2019/2020 financial year
(i.e. the financial year 01.07.2019 - 30.06.2020), in light of the negative
effects which the COVID-19 pandemic and the measures taken to combat the
pandemic have had on the economic environment and the Issuer's business. In
relation to the Meeting and in light of the effects of the COVID-19 pandemic,
the Issuer has also decided to issue to the Noteholders a confirmation appended
as Annex 1 to this notice (the "Confirmation").
As also brought out in the Confirmation to the Noteholders, the Issuer hereby
informs investors that due to the current and anticipated effects of the COVID-
19 pandemic on the Issuer's results of operations in the 2019/2020 financial
year, the Issuer intends upon the submission of its 2019/2020 audited annual
accounts for approval by the general meeting of the shareholders, to make a
proposal to the general meeting of shareholders not to distribute any dividends
for the Issuer's 2019/2020 financial year.
ANNEXES
Annex 1 - Confirmation
Additional information:
Indrek Kasela
AS PRFoods
Member of the management board
+372 452 1470
investor@prfoods.ee (https://www.globenewswire.com/Tracker?data=O1IEIbNG-
vJXaXcd0rFUZz-
tJ4n27dl9vYYHxHfr7zg01uo6dMAhhZd12Vs1OTPyUdAG9WGGFjYX8pyGVVLCrtJhgLQZUQtEh3dnvf3
-COCwzMfwsqfM2BaS9BNUk5gRZNZjTgm4V8_J_rAQEOIH8HciUte8iDw-MWgAC3IGV2NYH-
9ivGPHZmqxhqDP908peyeRPLDzKVhDYPJmrd7KaX_YTxYq222Trnet4ssz2puXyG07tQCmfYkBzpFGHl
PqtSQA1dIVmcQqI7njd5pGvNoyiGfMSh-
GywpV6bC4cjbtIv92GpfvqDLGgea8i6nY7Q3anUYT71ppa2QK0UuR4Kj4WlJHVePftXyLRbPpxkTNxGQ
pzwkuT2ECkB4tCo8f1d2KpIEgsLXh1h-
Q5AgB6bDNXBLutaKXtOxSK1Va1X2AsG5SNmRxnZsz4sj6ic0NPgXf4N4oVHp_TalOpKcd8U-
eMvkDTVSMF599HVXCnKk=)
www.prfoods.ee
(https://www.globenewswire.com/Tracker?data=fu8u6xCLq9PIxxpimUwmibu5jzisM38z1GI1
VtUUJmJ1RjkfuXCtOQIHv9xJljsFKMAlcswBwJwMniwFfZa-s6E0McG-
aoEKf3jx9xZeJUWxDnwEKzAN_igCXfOsaptZNI3MWk583kPmYUZKGNkyGUQuw1GcZTn8MzqnGb7LCcGl
TpxVM8R8obhaMD94TNiycE1sDbYrg3Kqp4t4CyKCH2CCEpNdf1sPiD9gZSvuqsxHEwgiYuCK0iq2rjBj
O-hnWljA5Y9OFUrmzTIA_fX1oGtlw0j98AiFC7_Jbswd0dEMBeCl0A-MQTabQhwQBrrvE-
FqxduHIFNNKChw4V9b_bTiTjIKRY--6DigeRmkPhXSjZg2LYR-27TFJ4uRmpjIc9qTQC5uldH_CfpQpL
OQbd3vAB0D_VuUxbtesO5PGgE=)
|