The Board of Directors of GEK TERNA invites the Bondholders of KOD 2020 to a Meeting of Bondholders, on 27.06.2022, Monday, at 13:00 pm, which will be held by real-time video conference.
The sole subject of the meeting is the provision of consent of the Bondholders for the use of net income from the sale of an Excluded Asset in accordance with the uses provided in items (i) – (vi) of term 8.1 (n) of the COD 2020 Program, without time limit, by way of derogation from terms 8.1 (o) and 14.1 (b) of the COD 2020 Program, provided that the sale (ie the debt agreement for the transfer of the Excluded Asset) takes place within 24 months from the decision of the Bondholders’ Meeting. Recognition by the Bondholders of the non-exercise of the rights of term 11.2 (b) of the COD 2020 Program regarding the above derogation and waiver of the Bondholders from any relevant right.
The invitation is addressed to the Bond Lenders of the common bond loan amounting to € 500,000,000 (hereinafter the “Code 2020”), which the Company issued pursuant to the 19.06.2020 Program for the Issuance of a Common Bond Loan up to € 500,000,000 and a Bonding Agreement .
At the same time, with another invitation, the BoD of the listed company invites the Bondholders to a Meeting of Bondholders, on 27.06.2022, Monday, at 11:00 am, which will also be held by real-time video conference.
A unique issue in this is the provision of consent of the Bondholders for the use of net income from the sale of an Excluded Asset in accordance with the uses provided in items (i) – (vi) of term 8.1 (n) of the COD 2018 Plan, without time limit, by way of derogation from terms 8.1 (o) and 14.1 (b) of the COD 2018 Plan, provided that the sale (ie the debt agreement for the transfer of the Excluded Asset) takes place within 24 months from the decision of the Bondholders’ Meeting . Recognition by the Bondholders of the non-exercise of the rights of term 11.2 (b) of the COD Program 2018 regarding the above derogation and waiver of the Bondholders from any relevant right.
The invitation is addressed to the Bond Lenders of the joint bond loan amounting to € 120,000,000 (hereinafter the “Code 2018”), issued by the Company under the Joint Bond Loan Issuance Program up to € 120,000,000 from 22.03.2018 and the Representative Agreement , as amended applies.
Source: Capital
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