Nottingham, 25 May 2023 – Impala Bondco plc (the "Company") has instructed the agent for the Company's up to SEK 500,000,000 senior secured bonds with ISIN NO0011117145 (the "Bonds") to initiate a written procedure (the "Written Procedure") to request the bondholders to vote in favour of extending the deadline for providing the audited consolidated financial statements in respect of the financial year 2022 and for providing the unaudited consolidated financial report in respect of the first and the second quarter of the financial year 2023 pursuant to paragraphs (a)(i)-(ii) of Clause 11.1 (Information from the Issuer) of the terms and conditions of the Bonds (the "Terms and Conditions"). All capitalised terms used herein and not otherwise defined in this press release shall have the meanings assigned to them in the Terms and Conditions.
Pursuant to paragraphs (a)(i)-(ii) of Clause 11.1 (Information from the Issuer) of the Terms and Conditions the Company has undertaken to make available the Group's annual audited consolidated financial statements within four months after the end of each financial year and to make available the Group's quarterly unaudited consolidated financial reports within two months after the end of each financial quarter. The Company would like to extend the deadline for the Group's annual audited consolidated financial statements for the financial year 2022 and the deadline for the Group's quarterly unaudited consolidated financial report for the first and the second quarter of the financial year 2023 to 30 September 2023, for the reasons specified in the notice to the Written Procedure.
As compensation for the approval of waiver, the Company will pay a consent fee which will be an amount equal to 0.35 per cent. of the Nominal Amount of each Bond. Additionally, the Sponsor (or an Affiliate of the Sponsor) will make available a shareholder loan in an amount of GBP 2,000,000. Payment of the consent fee and the shareholder loan are subject to the conditions set out in the notice to the Written Procedure.
The notice to the Written Procedure will be delivered to all bondholders through the CSD. The Written Procedure will end on 20 June 2023. To be eligible to participate in the Written Procedure a person must fulfil the formal criteria for being a bondholder on 13 June 2023.
The notice to the Written Procedure is available on the Company's investor website (imperosoftware.com) and on Stamdata (www.stamdata.com).
For further information, please contact:
Ian Kelly, CFO
E-mail: [email protected]
Phone number: +44 7990 11 19 85
Information:
This information is information that Impala Bondco plc is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 17:40 CEST on 25 May 2023.
The following files are available for download: