TTS Group ASA: Correction of stock exchange releases 22 and 28 March

 | Source: Nekkar ASA Nekkar ASA

Reference is made to the stock exchange releases 22 and 28 March 2017.
In the stock exchange releases, the denomination used is MNOK, whereas the correct denomination is NOK. The corrected text follows:

22 March 2017:
TTS Group ASA ("Company") hereby announces that today's Bondholders' meeting with the requisite majority has approved the suggested changes (announced on March 8(th) 2017) to the bond issue "12.00 per cent TTS Group ASA Convertible Callable Unsecured Subordinated Bond Issue 2011/2016" with ISIN NO 0010593890.

 
As part of the suggested changes, the Company offered voluntary redemption of 10% of the total outstanding amount, and had by the end of the redemption deadline received redemption claims for in total NOK 2,000,000, which constitutes 2.1 % of the outstanding amunt. This entails that the bond issue will be adjusted down from NOK 95,345,000 to NOK 93,345,000.
 
The implementation of these changes depends on their acceptance in the Extraordinary General Meeting for which the Company has convened on March 30(th) 2017.
 
All relevant documents for the Extraordinary General Meeting can be found at http://www.ttsgroup.com/IR/generalmeeting/

28 March 2017
Reference is made to the stock exchange release 22 March 2017, which stated that TTS Group ASA (the Company) has received redemption claims for in total NOK 2,000,000 out of the total NOK 95,345,000 outstanding bond issue "10.00 per cent TTS Group ASA Convertible Callable Unsecured Subordinated Bond Issue 2011/2019" with ISIN NO 0010593890".

Based on the authority given by the Annual General Meeting to the Board of directors, the company has bought back bonds of NOK 2,000,000, and these bonds have been cancelled. Total outstanding bond issue after the cancellation is NOK 93,345,000

Bergen, 29 March 2017

TTS Group ASA

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
GlobeNewswire