MIDAQ AB (publ) initiates a written procedure under its outstanding bond loan 2021/2024 with ISIN SE0017085319

MIDAQ AB (publ) (the ”Company”) announces that it initiates a written procedure (the “Written Procedure”) under its outstanding bond loan 2021/2024 with ISIN SE0017085319 (the “Bonds”) to, among other things, request the bondholders’ consent to, extend the maturity date of the Bonds, amend the terms and conditions of the Bonds, and to waive an event of default under the terms and conditions of Bonds, all as set out in the notice of Written Procedure.

The Company has today instructed Nordic Trustee & Agency AB (publ) (the “Agent”), in its capacity as agent under the Bonds, to send a notice of Written Procedure including voting instructions to the direct registered owners and registered authorised nominees of the Bonds in the Company’s debt ledger held with Euroclear Sweden as per 22 May 2024. The notice of Written Procedure is available on Company’s website. In connection with the Written Procedure, the Company has prepared an investor presentation which is available upon request by contacting the Company at info@midaq.se.

The Company has received voting undertakings in favour of the request in the Written Procedure by holders representing in excess of 66 2/3 of the outstanding nominal amount under the Bonds. Should the bondholders approve the request in the Written Procedure, the Company undertakes to pay a consent fee equal to 2 per cent. of the outstanding nominal amount of each Bond.

The outcome of the Written Procedure will be announced by way of press release in connection with the expiration of the Written Procedure. The record date for voting in the Written Procedure falls on 30 May 2024 and the deadline for voting is 15:00 (CEST) on 12 June 2024. The Written Procedure may be terminated before the expiry of the deadline if quorum is reached and a requisite majority has been obtained, or if the Written Procedure has been withdrawn by the Company.

Danske Bank AS, Denmark, Sverige Filial acts as financial advisor and Advokatfirman Cederquist KB is acts as legal advisor in connection with the Written Procedure.

For further information, please contact:

Stefan Engdahl, MD/CEO,
Phone: +46 70 269 10 80
Email: stefan.engdahl@midaq.se

Håkan Sundberg, CFO
Phone: +46 70 269 10 81
Email: hakan.sundberg@midaq.se

This information is information that MIDAQ AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 23 May 2024 at 16:35 CEST.