As announced in the stock exchange notices on
February 27th 2012, February 29th 2012 and March 9th
2012 Blom has for some time been in dialogue with a
majority of the bondholders ("the bondholders")
regarding a process to strengthen the capital
structure of the company by increasing the equity
ratio. The bondholders are prepared to participate in
this process, in order to re-establish a sound
balance sheet and secure sufficient liquidity for the
company to follow its normal business plans. The main
objective with the proposed amendment, which will
prolong the maturity of Bloms MNOK 50 bond with two
months, is to provide time to conclude on the on-
going restructuring discussion.
The summons to the Bondholder meeting, which includes
further details on the proposed solution, can be
found at www.stamdata.no. Bondholders representing
more than 2/3 of the existing bond loan have
undertaken to vote in favor of the solution.
According to the bond loan agreement, 2/3 is
sufficient to approve the proposed solution.
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.