On November 27, 2024, DistIT AB (the "Company") announced that the Company has instigated a written procedure in order to obtain consent from holders of its senior unsecured callable floating rate bond loan with ISIN SE0015949359 (the "Bonds") to certain amendments to the terms and conditions of the Bonds.

The Company hereby announces that the required quorum was obtained in the written procedure and that the required majority of the votes cast in the written procedure were in favour of the proposal (approximately 34 per cent of the Bond holders voted, of which approximately 75 per cent voted in favour of the proposal).

Per Kaufmann, CEO DistIT: “Per Kaufmann, CEO DistIT: "I am convinced that this decision will help DistIT in its daily operations and thus also benefit all its stakeholders and would like to thank the bondholders who voted positively for our proposal."
 
The amendments to the terms and conditions of the Bonds include the following changes:

(i) an amendment of the definition of "Net Cash Proceeds", as follows:

"“Net Cash Proceeds” means the cash proceeds received in connection with a Permitted Disposal after deducting:
(a) all Taxes incurred and required to be paid by a member of the Group (as reasonably determined by the relevant member of the Group on the basis of existing rates) in relation to the Permitted Disposal;

(b) reasonable fees, costs and expenses which are incurred by any member of the Group to persons who are not members of the Group in relation to the relevant Permitted Disposal;

(c) any amounts reasonably determined by the Issuer to be required or reasonably forecast to be required to be retained to cover indemnities, contingent and other anticipated liabilities arising in connection with the Permitted Disposal; and

(d) thirty-three (33.00) per cent of such amount remaining having made the deductions set out in (a) – (c) above;”

(ii) adding of a new clause 13.2.2, as follows:

"13.2.2 Any sale or disposal under clause 13.2.1 must be to a bona fide third party and not to any Affiliate of the Issuer."

The amended terms and conditions of the Bonds are in force from today's date, December 13 December, 2024.

The amended terms and conditions of the Bonds is available on the Company's website www.DistIT.se.
 

Contacts:

Per Kaufmann, CEO DistIT AB
Phone: +33 60 778 87 23
Email: per.kaufmann@aurdel.com

Tomas Fällman, CFO DistIT AB
Phone: +46 70 224 71 07
Email: tomas.fallman@distit.se

About DistIT AB

DistIT owns and develops niche distributors of IT, mobility, consumer electronics, networking and data communications products in Europe. Companies within the DistIT Group deliver B2B as well as B2C products to the IT markets in Europe. The DistIT stock is listed on the Nasdaq First North Premier Growth Market exchange and DistIT's Certified Adviser is Carnegie Investment Bank AB (publ).

Attachments

DistIT AB obtains consent from bondholders to amend the terms and conditions of its bond loan