Company announcement no. 11/2016
To: NASDAQ Stockholm
Copenhagen, 23 Juni 2016
Lauritz.coms bondholder releses pledge on the property located Rovsingsgade 68, Copenhagen
Lauritz.coms bondholder have now submitted their voting regarding the release of the pledge on Lauritz.coms property located Rovsingsgade 68, Copenhagen (Company announcement 09/2016). The bondholders have voted for the notice by 98,38% out of the casts votes. This means that the pledge on the property will be released. The bondsholders' approval has been a condition in order for Lauritz.com to proceed with the execution of the sales-leaseback agreement which Lauritz.com has intered into with the real estate company Norden (company announcement 06/2016).
As a part of the release of the pledge the bondholders will receive an extraordinary partial repayment of 100 mSEK (approx. 80 mDKK) out of Lauritz.coms entire bonddebt of 425 mSEK (approx. 340 mDKK). The partial repayment of 100 mSEK will be financed by some of the proceeds from the Listing of Lauritz.com Group A/S on NASDAQ First North Premier.
The partial repayment of the bonddebt equals a payment of 104 mSEK at rate 104. Based on the current interest rate level this will amount to a reduction in the annual financial expenses equal to an amount of approx. 7.5 mSEK (approx. 6 mDKK).
Mette Rode Sundstrøm
CEO
For further information, please contact:
Claus Boysen
CFO
Claus@lauritz.com
For press requests please contact Christina Riis Hansen at christinar@lauritz.com or +45-26891905
