
NORWEGIAN AIR SHUTTL
![]() |
|
62.2NOK | -14.79% |
Norwegian Air Shuttle ASA : - Results from the bondholders' meetings
05/01/2020 | 11:02am |
the results from bondholders' meetings (see attachment below).
The Company is pleased to see very robust support from 3 out of 4 bondholder
groups, approving the Company´s proposals. The proposal to NAS07 did, however,
not receive sufficient support with a vote in favour of 62% (2/3 required). The
Company is however continuing a constructive dialogue with bondholders to assess
whether the required majority for approval of the proposal can be reached.
The Company has furthermore received strong support from lessors for a minimum
conversion to equity of
so-called power-by-the-hour arrangement), which would satisfy the condition set
out in the proposal to the bondholders.
The Company's scheduled extraordinary general meeting will be conducted as
planned on Monday
The Company intends to summon a new bondholder meeting planned to be held on
Monday
for the capital raise, which will end on or about
"Our dialogue with the bondholders continues with the clear goal of reaching a
solution. Unfortunately, we were not able to reach an agreement within the
deadline. However, the discussion is continuing through the weekend to find a
solution, said CEO
Fornebu,
Click here for more information
© Oslo Bors ASA, source