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2019-09-16 09:00:00

Rottneros AB: Rottneros seeks approval from noteholders regarding a potential extra dividend payment

Rottneros AB (publ) ("Rottneros") today announces that it is, through a written procedure, soliciting approval from holders of its notes (the "Noteholders") with ISIN SE0010297804 (the "Notes") to waive the distribution restriction in the terms & conditions of the Notes for the purpose of allowing a potential extra dividend payment of SEK 0.70 per share being approx. SEK 107 million in total to Rottneros' shareholders.


Rottneros has requested that Nordic Trustee & Agency AB (publ), acting in its capacity as agent (the "Agent") for the Noteholders, initiates a written procedure in accordance with the terms and conditions of the Notes. The purpose of the written procedure is for the Noteholders to grant a waiver in respect of the distribution restrictions in the terms & conditions for the Notes to allow for a potential extra dividend payment of SEK 0.70 per share, being approx. SEK 107 million in total, to Rottneros' shareholders (the "Request"). The background to the Request can be found in the Notice of Written Procedure and the presentation Supplement to Notice of Written Procedure, which are available on the websites of Rottneros and the Agent (www.rottneros.com, www.nordictrustee.com and www.stamdata.com).

To be eligible to vote in the written procedure, a Noteholder must be registered as a direct registered owner (Sw. direktregistrerad ägare) or as an authorised nominee (Sw. förvaltare) on 23 September 2019 in the debt register (Sw. skuldbok) for the Notes with respect to one or several Notes. The Agent must receive a duly completed voting form no later than 14.00 (CET) on 10 October 2019. The written procedure may be completed in advance if a sufficient quorum and majority of consents to the Request have been received before 10 October 2019.

Provided that the Request is approved by a sufficient quorum and majority and that the shareholders of Rottneros resolve at an extraordinary general meeting of Rottneros that an extra dividend payment to Rottneros' shareholders shall be made, each Noteholder will obtain a base fee, which will be an amount equal to 0.1 per cent of the nominal amount of each Note held by the relevant Noteholder on 5 November 2019. This date may be brought forward if the written procedure is completed in advance.

Under the same conditions as above, each Noteholder voting in favor of the Request by submitting a valid voting form no later than by 14:00 (CET) on 1 October 2019 will also be eligible to receive an early bird fee in an amount equal to 0.2 per cent of the nominal amount of each Note voted for.

Rottneros expects to announce the result of the written procedure no later than 10 October 2019. Following such announcement, a notice of the outcome of the written procedure will be published on the websites of Rottneros and of the Agent.

Complete information about the written procedure, including how to vote, is set out in the notice to the written procedure, which is available on the websites of Rottneros and of the Agent.

For more information please contact: 
Monica Pasanen, CFO, Rottneros AB, + 46 70 581 40 19
monica.pasanen@rottneros.com 

This information is information that Rottneros is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact person set out above, at 09.00 (CET) on September 16, 2019.


Rottneros AB (publ) 

Box 144, 826 23 Söderhamn 
+46 (0)270 622 00 (http://tel+46 (0)270 622 00) 
www.rottneros.com 
info@rottneros.com


Rottneros is an independent producer of market pulp. The Group comprises the parent company Rottneros AB, listed on NASDAQ Stockholm, and its subsidiaries Rottneros Bruk AB and Vallviks Bruk AB with operations involving the production and sale of market pulp. The Group also includes Rottneros Packaging AB, which manufactures fibre trays, and the wood procurement company Rottneros Baltic SIA in Latvia. The Group has about 300 employees and had a turnover of approximately SEK 2.3 billion in the 2018 financial year.


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