Market announcement
AS PRFoods
LEI code
529900PFXFO2ZDCRNK93
Size of the entity
Medium group
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Changes in rights (other than shares)
Unique data record identifier
9826
Attachments
Submission date and time
20.09.2022 15:30:00
Content of announcement in Estonian
Title
AS PRFOODS VÕLAKIRJAOMANIKE KOOSOLEKU OTSUSED
Message
AS PRFOODS VÕLAKIRJAOMANIKE KOOSOLEKU OTSUSED
05.09.2022 avaldatud börsiteatega kutsus AS PRFoods (registrikood 11560713,
aadress Pärnu mnt 141, 11314 Tallinn, Eesti; edaspidi ?PRFoods") kokku isikute
(edaspidi ?Võlakirjaomanikud"), kellele kuuluvad PRFoods võlakirjad
lunastustähtajaga 22. jaanuar 2025 ja ISIN koodiga EE3300001577 (edaspidi
?Võlakirjad"), mis on emiteeritud PRFoods 14.01.2020 tagatud võlakirjade
emissiooni tingimuste (mida on muudetud 25. veebruaril 2020 ja 25. veebruaril
2022; edaspidi ?Tingimused") alusel, koosoleku (edaspidi ?Koosolek").
Koosolek toimus 20.09.2022 ning Koosolekul osales kokku 8 Võlakirjaomanikku,
kellele kuuluvate Võlakirjade nimiväärtus moodustas kokku 6 778 100 eurot, ehk
ligikaudu 62% kõigi hääleõiguslike Võlakirjade nimiväärtusest. Seega oli
koosolek otsustusvõimeline.
Koosolekul võtsid Võlakirjaomanikud vastu otsuse:
i. loobuda PRFoods poolt Tingimuste punktis 5.2 sätestatud finantskinnituste
täitmise nõudest PRFoods 2021/2022 majandusaastal (s.o majandusaastal
01.07.2021 - 30.06.2022) ning otsustasid, et mistahes Tingimuste punktides
5.2 sätestatud finantskinnituse mittetäitmine PRFoods 2021/2022
majandusaastal (s.o majandusaastal 01.07.2021 - 30.06.2022) ei too kaasa
PRFoods poolset Tingimuste rikkumist ega Erakorralise Ennetähtaegse
Lunastamise Sündmuse (inglise keeles Extraordinary Early Redemption Event;
nagu on defineeritud Tingimustes) toimumist;
ii. loobuda Tingimuste punkti 4.2.1 alapunktis f) loetletud pandiõigusest kui
Võlakirjaomanike Võlakirjadest tulenevate nõuete täitmise tagamiseks antud
tagatisest ja nõustusid, et nimetatud tagatise vabastamist ei loeta
Emitendi ega ühegi Tagatise Andja (nagu defineeritud Tingimustes) poolseks
Tingimuste rikkumiseks ega Erakorralise Ennetähtaegse Lunastamise Sündmuse
toimumiseks;
iii. muuta Tingimusi selliselt, et nendest jäetakse välja punkti 4.2.1 alapunkt
f), muudetakse punktis 17.1.9 sisalduv ?Tagatise andja" (inglise keeles
?Collateral Provider") definitsioon selliselt, et selle alapunktist a)
kustutatakse viide punkti 4.2.1 alapunktile f), ning kinnitada uus
Tingimuste versioon vastavaid muudatusi kajastavas redaktsioonis, nagu on
lisatud käesoleva teate Lisas 1; ning
iv. anda juhised PRF Collateral Agent OÜ-le Tingimuste punkti 4.2.1 alapunktis
f) loetletud tagatise lõplikuks ja tingimusteta vabastamiseks ja kõigi
selleks vajalike tehingute ja toimingute tegemiseks, ning ülal viidatud
muudetud Tingimuste allkirjastamiseks.
Nimetatud otsuse poolt hääletasid Võlakirjaomanikud, kellele kuuluvate
Võlakirjade nimiväärtus moodustas kokku 6 272 800 eurot, ehk ligikaudu 93%
kõigist Koosolekul osalenud Võlakirjaomanikele kuulunuvate Võlakirjade
nimiväärtusest.
Vastavalt Tingimuste punktile 16.1.1 ja 5.5 on ülalnimetatud otsused siduvad
kõigile Võlakirjaomanikele.
LISAD
Lisa 1 - võlakirjatingimuste muudetud redaktsioon (Note Terms and Conditions
(amended))
Lisainformatsioon:
Indrek Kasela
AS PRFoods
Juhatuse liige
T: +372 452 1470
[email protected]
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Content of announcement in English
Title
Decisions of the Meeting of Noteholders of as Prfoods
Message
DECISIONS OF THE MEETING OF NOTEHOLDERS OF AS PRFOODS
By a company announcement published on 05.09.2022, AS PRFoods (registry code
11560713, registered address at Pärnu mnt 141, 11314 Tallinn, Estonia;
"PRFoods") convened a meeting (the "Meeting") of persons holding the notes (the
"Noteholders") of PRFoods, due on 22 January 2025 and bearing ISIN code
EE3300001577 (the "Notes"), issued under the Terms and Conditions of Secured
Note Issue of PRFoods dated 14 January 2020 (which have been amended on 25
February 2020 and 5 February 2022; the "Terms").
The Meeting took place on 20.09.2022 and altogether 8 Noteholders participated
in the Meeting, who hold in aggregate Notes with the Nominal Value of EUR
6,778,100 i.e. approximately 62% of the aggregate Nominal Value of all Notes
which carry voting rights. Therefore, the Meeting was competent to pass
resolutions.
At the Meeting, the Noteholders adopted a decision:
i. to waive the requirement for PRFoods to meet the financial covenants
provided in Section 5.2 of the Terms for PRFoods' 2021/2022 financial year
(i.e. the financial year 01.07.2021 - 30.06.2022) and decided that the
failure to meet the financial covenants provided in Section 5.2 of the
Terms in PRFoods' 2021/2022 financial year (i.e. the financial year
01.07.2021 - 30.06.2022) shall not constitute a breach of the Terms by
PRFdoos or the occurrence of an Extraordinary Early Redemption Event (as
defined in the Terms);
ii. to waive the security interest listed in item f) of Section 4.2.1 of the
Terms as security securing the Noteholders' claims arising from the Notes,
and consented that the release of the referred security shall not
constitute a breach of the Terms by the Issuer or any Collateral Provider
(as defined in the Terms), or the occurrence of an Extraordinary Early
Redemption Event (as defined in the Terms);
iii. to amend the Terms by way of omitting item f) of Section 4.2.1, amending
the definition of "Collateral Provider" included in Section 17.1.9 by way
of omitting reference to item f) of Section 4.2.1 from item a) of the
definition, and to approve the new version of the Terms reflecting the
respective amendments, as attached to this notice as Annex 1;
iv. to instruct PRF Collateral Agent OÜ to finally and irrevocably release the
security listed in item f) of Section 4.2.1 of the Terms and to execute
all transactions and acts necessary for such release, and to sign the
amended Terms referred to above.
Noteholders who hold in aggregate Notes with the Nominal Value of EUR 6,272,800
i.e. approximately 93% 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 16.1.1 and 5.5 of the Terms, the decisions described
above are binding on all Noteholders.
ANNEXES
Annex 1 - Note Terms and Conditions (amended)
Additional information:
Indrek Kasela
AS PRFoods
Member of the management board
+372 452 1470
[email protected]
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