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FERRATUM OYJ EQS-News: Correction: Multitude SE initiates a written procedure to request certain amendments to the terms of its subordinated capital notes

Transparency directive : regulatory news

16/05/2024 14:15

EQS-News: Multitude SE / Key word(s): Bond
Correction: Multitude SE initiates a written procedure to request certain amendments to the terms of its subordinated capital notes (news with additional features)

16.05.2024 / 14:15 CET/CEST
The issuer is solely responsible for the content of this announcement.


Correction: Multitude SE initiates a written procedure to request certain amendments to the terms of its subordinated capital notes

Multitude SE's stock exchange release published on 16 May 2024 included incorrect dates. The full stock exchange release with corrected dates is available below:

Multitude SE (the "Company") has instructed the agent for the Company's subordinated perpetual floating rate callable capital notes (ISIN NO0011037327) (the "Notes"), Nordic Trustee & Agency AB (publ) (the “Agent”), to initiate a written procedure to request that noteholders vote in favour of certain amendments to the terms and conditions of the Notes (the “Written Procedure”).

During Q1 2024, the Company has announced its intention to transfer its registered office from Finland to Switzerland as part of a broader strategic initiative. Finnish legal constraints prohibit a direct relocation from Finland to a non-European Economic Area (EEA) country while maintaining a legal personality and therefore, the Company proposes a transfer to and subsequent conversion into a public limited liability company in Malta, followed by a relocation to Switzerland (the "Relocation"). To facilitate the Relocation, the Company is requesting the noteholders to provide their consent to the necessary amendments to the terms and conditions of the Notes, in each case on the terms and as further described in more detail in the notice of the Written Procedure.

The written procedure will end on 10 June 2024 and the deadline for voting is 15:00 (CEST). The Written Procedure may, however, be concluded before the expiry of the voting deadline if a requisite majority has accepted the requests. To be eligible to participate in the written procedure a holder of Notes must fulfil the formal criteria for being a noteholder on 31 May 2024. This means that the holder of Notes must be registered on a securities account with Euronext Securities Oslo (the "CSD") as a direct registered owner or authorised nominee with respect to one or several Notes.

Pareto Securities Oy has been retained as financial advisor in connection with the written procedure.

The notice to the Written Procedure will be delivered to all holder Notes through the CSD and is also available on the Company's website (www.multitude.com/investors).

 

For additional information, please contact:

Lasse Mäkelä
Chief Strategy and IR Officer
Phone: +41 79 371 34 17
E-mail: lasse.makela@multitude.com

About Multitude SE:  

Multitude is a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTechs overlooked by traditional banks. The services are provided through three independent business units, which are served by our internal Banking-as-a-Service Growth Platform. Multitude’s business units are consumer banking (Ferratum), SME banking (CapitalBox) and wholesale banking (Multitude Bank). Multitude Group employs over 700 people in 25 countries and offers services in 16 countries, achieving a combined turnover of 230 million euros in 2023. Multitude was founded in Finland in 2005 and is listed on the Prime Standard segment of the Frankfurt Stock Exchange under the symbol 'FRU'. 

 


Additional features:

File: Multitude - Notice of written procedure (Hybrid) - 16 May 2024


16.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Multitude SE
Ratamestarinkatu 11 A
00520 Helsinki
Finland
E-mail: ir@multitude.com
Internet: https://www.multitude.com/
ISIN: FI4000106299
WKN: A1W9NS
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Stockholm
EQS News ID: 1905107

 
End of News EQS News Service

1905107  16.05.2024 CET/CEST

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