16 September 2025 – Proximar Seafood AS (the "Company") - Bond terms dated 21 October 2022, as amended by a tap issue addendum dated 5 April 2023 (as amended, the “Bond Terms”, pertaining to the 7.00 per cent subordinated unsecured convertible NOK 300,000,000 bonds 2022/2025 (the “Bonds”).
Reference is made to the previous announcement dated 9 July 2025 setting out the Company's refinancing plan including the amendment of the Bond Terms.
The Company is pleased to announce that the Bondholders’ Meeting was held today, and the proposed resolution was approved by way of written resolution. Please see the attached the written resolution along with the original summons. All capitalised terms used, but not defined herein, shall have the same meaning assigned to them in the Bond Terms.
This result ensures that the maturity Bonds have been extended by 15 months to 27 January 2027 and the interest reduced from 7% to 5% p.a, and in addition a Temporary Adjusted Conversion Price of NOK 1 has been introduced which is exercisable in the period from 2 September 2025 to and including 18 September 2025. The amended Bond Terms remain subject to the successful completion of the contemplated Rights Issue and necessary resolutions by the extraordinary general meeting of the Company to be held 17 September 2025.
For further information, please contact:
Joachim Nielsen, CEO, +81 70 28 11 98 98, jn@proximar.com
Ole Chr. Willumsen, CFO, +47 48 21 34 29 ocw@proximar.com
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.