Legres AB (publ) (“Legres” or the “Company”) today announces that bondholders under its senior secured bonds with ISIN SE0020388700 (the “Bonds”) have approved an amendment to the terms and conditions of the Bonds (the “Bond Terms and Conditions”) through a written procedure (the “Written Procedure”) initiated on 5 December 2025. The Company further announces that it has decided to defer the upcoming interest payment due on 9 January 2026 under the Bonds due to its current liquidity situation.
A quorum was achieved in the Written Procedure, and the requisite majority voted in favour of the proposed amendment to extend the maturity date of the Bonds with one month.
The amended Bond Terms and Conditions will become effective once certain transaction security confirmations have been delivered, which are expected to be completed in the coming days. The results of the Written Procedure will also be published on the websites of Legres (www.sergel.com) and the agent (www.nordictrustee.com and www.stamdata.com).
Furthermore, and in accordance with the Bond Terms and Conditions, the Company shall pay interest under the Bonds on 9 January 2026 (the “Interest Payment”). The Company hereby announces that, due to its current liquidity situation, the Interest Payment will be deferred until further notice and thus not be made on 9 January 2026, constituting a breach of the Bond Terms and Conditions. This will constitute an event of default under the Bond Terms and Conditions.
The Company is continuing its dialogue with certain major bondholders to receive liquidity financing to address payments to the Company’s suppliers. Further communication concerning the supplier payments will be provided in January 2026.
For more information, please contact:
Klaus Reimer, CEO
+45 40 99 55 25
klaus.reimer@sergel.com
This information is information that Legres 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 person set out above, on 23 December 2025 14:00 CET.