Evolution Credit Limited - Full redemption of Nordic senior bonds
Evolution Credit Limitedup to SEK 260,000,000 and up to NOK 135,000,000 Senior Unsecured Callable Bonds 2013/2028 ISIN: SE 000 5392560 and NO 001 0689342 (the "Bonds")
Johannesburg, 3 March 2023
Reference is made to the terms and conditions for the Bonds, originally dated 16 September 2013, as amended and restated, most recently by an amendment and restatement agreement dated 22 September 2020 (the "Terms and Conditions").
In addition to scheduled amortizations, the Company is obliged to apply excess cash to repay Senior Unsecured Loans, If repayments are made under Senior Unsecured Loans, corresponding pro rata payments shall be made under the Bonds. The Senior Unsecured Loans will be repaid in full. The Company will therefore also make an early full redemption of the Bonds pursuant to Clauses 9.6 (Mandatory redemption pro rata in case of repayment of the Senior Unsecured Loan) and 11 (Cash Sweep) of the Terms and Conditions as further set out below.
SEK Bonds (ISIN: SE 000 5392560)
The SEK Bonds will be fully redeemed on 31 March 2023 in a total amount of SEK 4,828,024.02. The record date, on which a bondholder must hold SEK Bonds in order to receive the redeemed amount, will be 23 March 2023.
The redemption of the SEK Bonds will be made as a redemption of all outstanding SEK Bonds reducing the registered Nominal Amount of each SEK Bond from an amount of SEK 37,242.00 to SEK 0.00. Due to the fact that the Nominal Amount registered with the CSD does not include capitalised interest, the repayment will appear to be made at a price of 102.07813% of the amount by which the registered Nominal Amount will be reduced as a result of the redemption. The redemption will be made together with accrued and unpaid interest. The amount will be rounded down in accordance with applicable rules.
NOK Bonds (ISIN: NO 001 0689342)
The NOK Bonds will be fully redeemed on 31 March 2023 in a total amount of NOK 3,756,665.29. The record date, on which a bondholder must hold NOK Bonds in order to receive the redeemed amount, will be 28 March 2023.
The redemption of the NOK Bonds will be made by pro rata payments to the bondholders holding NOK Bonds through redeeming the outstanding NOK Bonds, totaling a registered Nominal Amount of NOK 3,671,283.00. Due to the fact that the outstanding Nominal Amount registered with the CSD does not include capitalised interest, the settlement will appear to be made at a price of 102.32568% of the amount by which the registered Nominal Amount will be reduced as a result of the redemption. The redemption will be made together with accrued and unpaid interest. The amount is rounded down to effect a pro-rata settlement to the bondholders in accordance with the rules of the CSD.
Subject to the above, the Bonds will be de-listed from First North Bond Market in connection with the redemption date and the last day of trading will occur on or about 20 March 2023.
For further information, please contact:
Jacques Hefer, Head of Treasury
Phone number: +27 84 514 3018
This information is information that Evolution Credit Limited 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 10:00 am CET on 3 March 2023.
AttachmentTo view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
New member proposed for election to the Board of Directors21.3.2023 14:38:36 CET | Press release
Company announcement no 6-2023 Copenhagen, March 21, 2023 New member proposed for election to the Board of Directors Konsolidator’s Board of Directors proposes that Peter Gath is elected as a new member of the Board of Directors at the company’s upcoming Annual General Meeting scheduled for 23 March 2023. Consequently, Konsolidator’s Board of Directors proposes that the company’s Board of Directors will consist of five members: the Chairman of the Board, Jesper Eigen Møller, and the members Thomas Aporta, Cecilia Hultén, Claus Jul Christiansen, and Peter Gath. Peter Gath enters the Board of Directors with over 20 years of experience as a partner from EY and KPMG. Peter is currently CFO of St. Jørgen Holding and holds multiple Board Member positions, incl. in the listed company Brødrene A & O Johansen A/S. As a Chartered Accountant with a background in audit and leadership, as well as an Adjunct Professor at Copenhagen Business School (CBS) and former Chairman of the Danish Institute of
SELIGSON & CO OMX HELSINKI 25 EXCHANGE TRADED FUND UCITS ETF: ANNUAL REPORT, BOARD OF THE MANAGEMENT COMPANY AND AUDITOR21.3.2023 14:30:00 CET | Press release
Seligson & Co Fund Management Company Plc STOCK EXCHANGE NOTICE 21 March 2023 SELIGSON & CO OMX HELSINKI 25 EXCHANGE TRADED FUND UCITS ETF: ANNUAL REPORT, BOARD OF THE MANAGEMENT COMPANY AND AUDITOR The Annual Report of Seligson & Co OMX Helsinki 25 Exchange Traded Fund UCITS ETF, dated 31 December 2022, has been published. The report, which is in Finnish, forms part (pages 41 to 47) of the attached common Annual Report for the Seligson & Co funds. The report and the Auditor's Report are also available at www.seligson.fi/sco/suomi/esitteet/. The following members were elected to the board of Seligson & Co Fund Management Company Plc at the Annual General Meeting held on 21 March 2023: Samu Anttila, Jarkko Niemi and Mikko Vasko. KPMG Plc was chosen as the auditor and CPA Marcus Tötterman as the deputy auditor. Further information: Mari Rautanen email: firstname.lastname@example.org Phone +358 (0)9 6817 8224 Seligson & Co Fund Management Company Plc Ari Kaaro Managing Director email: ari.kaar
Ledende medarbejdere og disses nærtstående transaktioner.21.3.2023 14:09:36 CET | pressemeddelelse
Nasdaq Copenhagen Silkeborg, den 21. marts 2023 Fondsbørsmeddelelse nr. 2 / 2023 Vedr.: Ledende medarbejdere og disses nærtstående transaktioner. I henhold til Markedsmisbrugsforordningen art. 19 oplyser Silkeborg IF Invest A/S at have modtaget følgende meddelelse om erhvervelse af selskabets aktier: Navn: Silkeborg Fodbold Holding A/S Årsag: Silkeborg Fodbold Holding A/S ejes af Kent Villadsen Madsen, der er adm. direktør i Silkeborg IF Invest A/S. Udsteder: Silkeborg IF Invest A/S Fondskode: DK0010128008 Betegnelse: Aktie Transaktion: Køb Handelsdato: 20.03.2023 Marked: NASDAQ OMX Copenhagen A/S Antal: 10.000 stk. Kursværdi: 186.955,80 DKK. Eventuelle henvendelser vedr. nærværende fondsbørsmeddelelse bedes venligst rettet til undertegnede. Med venlig hilsen Silkeborg IF Invest A/S Kent Madsen Claus Christensen Adm. direktør Økonomidirektør Vedhæftet fil 2. Ledende medarbejdere og disses nærtstående transaktioner (20230321)
Fortinet Annual Skills Gap Report Uncovers an Increase in Breaches Attributed to a Lack of Cybersecurity Skills21.3.2023 14:00:00 CET | Press release
New Fortinet research reveals escalating cyber risks due to the ongoing talent shortage while the number of organizations experiencing five or more breaches jumped by 53% SUNNYVALE, Calif., March 21, 2023 (GLOBE NEWSWIRE) -- John Maddison, EVP of Products and CMO at Fortinet “The cybersecurity talent shortage is one of the top challenges putting organizations at risk, as clearly demonstrated by the results of the latest Global Cybersecurity Skills Gap Report from Fortinet. In today’s climate, organizations must choose products that introduce automation to offload overworked teams while continuing to focus on upskilling and cybersecurity training.” News Summary Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today released its 2023 Global Cybersecurity Skills Gap Report, which reveals ongoing challenges related to the cybersecurity skills shortage affecting organizations worldwide. Key findings from the global report include:
INDKALDELSE TIL ORDINÆR GENERALFORSAMLING 202321.3.2023 13:41:17 CET | Press release
__________________________________________________________ INDKALDELSE TIL ORDINÆR GENERALFORSAMLING 2023 ERRIA A/S CVR-NR. 15300574 __________________________________________________________ Tidspunkt: onsdag, 12. april 2023 kl. 11:00 Sted: Duevang, Sankt Gertrudsstræde 2, 4600 Køge Bestyrelsen foreslår advokat Martin Skovbjerg, Bag Haverne 32, 4600 Køge, som dirigent. Dagsordenen er følgende: 1.Bestyrelsens beretning for selskabets virksomhed i det forløbne år.2.Forelæggelse af revideret årsrapport til godkendelse.3.Beslutning om anvendelse af overskud eller dækning af underskud i henhold til den godkendte årsrapport.Bestyrelsen indstiller, at årets resultat overføres til næste år. 4.Beslutning om decharge til bestyrelse og direktionen.Bestyrelsen indstiller, at der meddeles decharge til bestyrelsen og direktionen. 5.Valg af medlemmer til bestyrelsen.Følgende personer indstilles genvalgt til bestyrelsen: Søren Storgaard, Køge Kristian Svarrer, Esbjerg Ng Sing King, Singapore 6.Valg a