Result from Scandinavian Biogas Fuels International AB (publ)s written procedure
On November 9, Scandinavian Biogas Fuels International AB (publ) ("the Company") sent an instruction to the agent for the Company up to SEK 300,000,000 covered bond loans with ISIN SE0007784111 to commence a written procedure whereby the Company requesting that the bondholders waive its maintenance covenant under the terms and conditions for the Bonds for the test periods ending on 30 September 2018 and 31 December 2018.
A clear majority of the Bondholders that were voting in the written procedure voted in favor of the written procedure. It is therefore resolved that the written procedure has been approved
For further information, please contact:
Matti Vikkula, CEO and president,
+46 70 597 99 38, email@example.com
The Company in brief:
Scandinavian Biogas is today one of the largest private producers of biogas as a vehicle fuel. The Company also operates a manufacturing plant for pre-treatment of food waste and industrial organic waste, as well as a plant for production of raw biogas in South Korea and a plant for production of liquid biogas in Norway.
The information in this press release is such that Scandinavian Biogas Fuels International AB (publ) must disclose in accordance with the EU Market Abuse Regulation (EU MAR) No. 596/2014. The information was submitted for publication on 28th of November 2018, at 18:30 CET.