MAGLE
MAGLE GROUP HAS RESOLVED ON A RESTRUCTURING OF ITS OUTSTANDING DEBT AND CAPITAL STRUCTURE, INCLUDING DEBT-FOR-EQUITY SWAP, ISSUANCE OF SUPER SENIOR BONDS AND DIRECTED SHARE ISSUES
As previously announced, Magle Chemoswed Holding AB (publ) ("Magle Group" or the "Company") has for some time been in constructive negotiations with bondholders representing approximately 79 per cent of the adjusted nominal amount of the Company's outstanding senior secured bond loan (ISIN SE0025197403) (the “Initial Bonds”) and (ISIN SE0029503697) (the ”Bonus Bonds”, jointly the “Bonds”) (the "Bondholders") regarding a long-term solution for the Company's financing and capital structure. Today, on 10 July 2026, the Company announces that it has reached an agreement with the Bondholders on the key terms for a restructuring of the Company's outstanding bonds and capital structure (the "Restructuring"). As part of the Restructuring, the Board of Directors has today, on 10 July 2026, resolved on (i) a directed share issue of a maximum of 31,980,350 shares (the "Set-Off Issue") at a subscription price of SEK 1.00 per share, corresponding to approximately SEK 31.98 million, to PRS1 ApS ("PRS1") and MB Holding Køge ApS ("MB Holding") (together the "Lenders") conditional upon the subsequent approval by the extraordinary general meeting intended to be held on 26 August 2026 (the “EGM”), and (ii) a directed share issue of a maximum of 7,500,000 shares (the "Directed Issue I"), at a subscription price of SEK 1.00 per share, corresponding to SEK 7.5 million, to PRS1, conditional upon the subsequent approval by the EGM. In addition, the shareholder PRS1 has proposed that the EGM resolves on a directed share issue of a maximum of 11,350,000 shares (the "Directed Issue II", and, together with the Set-Off Issue and the Directed Issue I, the "Investor Share Issues") at a subscription price of SEK 1.00 per share, corresponding to SEK 11.35 million, to the chairman of the board Stig Løkke Pedersen, board member Søren Skjold Mogensen and previous board members Mats Pettersson and Sven-Christer Nilsson, each privately and/or through a company. Through the Investor Share Issues, the Company will receive a total of SEK 50.83 million, of which approximately SEK 31.98 million will be received through set-off against the loans from the Lenders. Furthermore, the Board of Directors intends to resolve, pursuant to the issue authorisation proposed to be granted by the EGM, on directed set-off issues of new shares to the holders of the Bonds in connection with the Restructuring, comprising shares issued as compensation for the debt-for-equity swap, the consent fee, the upfront fee and the underwriting fee, as further described below. A notice convening the EGM and a notice initiating the Written Procedure will be published through a separate press release.