Reference is made to the stock exchange announcement dated April 3rd, 2012, regarding an Extraordinary General Meeting (“EGM”) scheduled to be held on 25 April 2012.
It was notified that Blom is in the final stages of developing its long term financial plan, which will be presented to its lenders in the coming weeks. A majority of the bondholders, including Folketrygdfondet and other large bondholders, who in total controls 63.5 percent of Blom’s NOK 300 million bond loan, have been part of the discussions and are prepared to vote for a resolution in the bondholders meeting that will secure an orderly restructuring of Blom’s balance sheet. The Preliminary overview of the proposed restructuring outlined in the stock exchange announcement dated April 3rd, 2012 is in coherence with the summons to the Bondholder meeting.
The summons to the Bondholder meeting, which includes further details on the proposed solution, can be found at www.stamdata.no.
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.