By a company announcement published on 15 June 2020, AS PRFoods (registry code
11560713, registered address at Pärnu mnt 141, 11314 Tallinn, Estonia; the
"Issuer") convened a meeting (the "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").
The Meeting took place on 30th June 2020 and altogether nine Noteholders
participated in the Meeting, who hold in aggregate Notes with the Nominal Value
of EUR 5,072,000, i.e. approximately 53.35% of the aggregate Nominal Value of
all Notes which carry voting rights. Therefore, the Meeting was competent to
pass resolutions.
At the Meeting, Noteholders decided to waive the requirement for the Issuer to
fulfil the financial covenants provided in Clause 5.2 of the Terms for the
Issuer's 2019/2020 financial year (i.e. the financial year 01.07.2019 -
30.06.2020) and decided that any non-fulfilment of the financial covenants
provided in Sections 5.2 of the Terms for the Issuer's 2019/2020 financial year
shall not constitute a breach of the Terms by the Issuer or an Extraordinary
Early Redemption Event (as defined in the Terms). Noteholders who hold in
aggregate Notes with the Nominal Value of EUR 5,025,100, i.e. approximately
99.08% of the aggregate Nominal Value of all Notes held by Noteholders present
at the Meeting, voted in favour of the said decision.
In accordance with Clause 5.5 of the Terms, the above described decisions are
binding on all Noteholders.
Additional information:
Indrek Kasela
AS PRFoods
Member of the management board
+372 452 1470
investor@prfoods.ee (https://www.globenewswire.com/Tracker?data=O1IEIbNG-
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