Legres obtains approval of the written procedure in respect of its SEK 550 million senior secured floating rate notes due 2022

Legres AB (publ) (“Legres” or the “Company”) today announces that the written procedure (“Written Procedure”) initiated on 15 January 2021 in respect of its outstanding 2019/2022 notes (ISIN: SE0012729010) (the “Notes”) has successfully obtained the requisite quorum and majority requirements.

The Written Procedure was initiated on 15 January 2021 in order to obtain the noteholders’ approval to certain amendments and waivers to the terms and conditions of the Notes (the “Terms and Conditions). The notice of the Written Procedure, the proposed amendments and waivers and detailed information regarding the voting procedure are available at the Company’s website (www.sergel.com).

Legres hereby announces that noteholders representing more than 50 percent of the principal amount have voted on the proposal (“Proposal”), with more than 2/3 of the attending adjusted nominal amount voting for the Proposal. As per the early bird deadline at 15.00 (CET) on 26 January 2021, Nordic Trustee & Agency AB (publ) (the “Agent”) had received voting forms and powers of attorney from noteholders representing in aggregate more than 80 percent of the nominal amount of the Notes. All of which voted for the Proposal. The Company has thus obtained the requisite quorum and majority requirements in accordance with the Terms and Conditions and therefore decides to close the process.

Payment of the early bird fee, for noteholders fulfilling the previously communicated requirements, and the base fee is expected to be made on 24 February 2021.

- We would like to take this opportunity to show our appreciation to the noteholders for the constructive dialogue and the positive outcome of the process. We are glad to see the Proposal being approved by this high of a margin in the early stages of the voting procedure, and the trust from the noteholders in our strategy. The amended Terms and Conditions give us the tools we need to handle the challenges the Company currently faces from external events, says Isak Åsbrink, CEO Legres AB.

The Company has engaged Skandinaviska Enskilda Banken AB (publ) (“SEB”) as its financial advisor in relation to the Written Procedure and thus queries in relation thereto shall be channeled via SEB and/or the management of Legres.

For further information, please contact:

Isak Åsbrink, CEO, tel. +46 70-444 00 47
Magnus Söderlund, CFO, tel. +46 70-492 81 90

This information is information that Legres is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information in this press release was submitted for publication, through the agency of the contact person set out below, at 16.30 CET on January 28, 2021.

About Legres AB (publ):

Legres AB (publ) is the parent company of the Sergel companies in the Nordic region. These were acquired in June 2017 from Telia Company. The Sergel companies have approximately 350 employees and consist of Sergel Kredittjänster AB in Sweden, Sergel Oy in Finland, Sergel Norge AS in Norway and Sergel A/S in Denmark. The Sergel companies market services within credit scoring, AR, debt collection and payment- and message services.