Reference is made to previous announcements in respect of the proposed restructuring of Blom ASA (“Blom” or the “Company”), including the results from the Bondholder meeting held 24 April 2012.
The last day of trading in FRN Blom ASA 2009 Senior Secured Bond Issue 2009/2012 (the “2009 Bond Issue”), ISIN NO 001 053847.3, will be today, 24 April 2012, with right to receive settlement pursuant to the terms of the restructuring. The Company will request to suspend trading in the 2009 Bond Issue from and including 25 April 2012 in anticipation of conversion of NOK 312 million of NOK 346 million in total of the 2009 Bond Issue into equity in Blom on or about 30 April 2012.
The resolutions of the bondholder meeting and the anticipated conversion are conditional upon the Extraordinary General Meeting in Blom, which takes place 25 April 2012, approving the increase in share capital following the proposed debt conversion.
This information is subject to the disclosure requirements according to Section 5-12 of the Securities Trading Act.
For further information please contact CEO Dirk Blaauw, on tel. +47 22 13 19 20 or CFO Lars Bakklund, tel. +47 22 13 19 34.