The sale of Candyking to Cloetta has now been completed
Stockholm on 28 April 2017
Reference is made to the press release on 19 April 2017 in relation to disclosure of timing when inter alia all shares in Candyking Holding AB (publ) (the “Company”) and the Company’s bond-loan in a nominal amount of MSEK 750 (the “Bonds”) will be divested to a wholly owned subsidiary of Cloetta AB (publ) (“Cloetta”) (the “Transaction”).
All conditions for finalising the sale have been completed and the Transaction has today been effectuated (the “Closing”).
As part of the Transaction, Cloetta has issued an instrument relating to the right to the purchase price and the bondholders holding Bonds as per 27 April 2017 have today through their nominees been allocated a new instrument in exchange for their existing Bonds held (the “Mandatory Securities Exchange”). Furthermore, today the Company made its last interest payment under the Bonds to the bondholders holding Bonds as per 21 April 2017.
In accordance with the notice to and the decision from the written procedure sent on 24 February 2017 and 23 March 2017 respectively, certain terms of the terms and conditions of the Bonds have been waived and amended. The effective date for the waivers was prior to Closing and the effective date for the amendments made was immediately after Closing. In order to carry out the Closing as planned, the effective date for the Mandatory Securities Exchange was prior to Closing. The pledge of all shares and other securities and instruments in the Company and certain claims pledged in favor of the bondholders (represented by the agent) was released immediately after Closing, in accordance with the decision from the written procedure.
An application for de-listing the Bonds on Nasdaq Stockholm has today been submitted.
In case of questions, please contact:
Dani Evanoff +46 73-503 97 97
About this information
Candyking Holding AB (publ) publishes this information in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 14.15 CEST on 28 April 2017.
Candyking was founded in 1984 and is a leading concept supplier of pick and mix candy in the Nordic countries, the United Kingdom, Ireland and Poland. Today, Candyking has more than 8,000 points of sale and offer stores an integrated concept which includes products, displays and accompanying store and logistic services. Candyking’s trademarks in confectionary are Candyking, Karamellkungen and Candyking Favourites. The company is also a leading pick and mix supplier within natural snacks in Sweden and Finland under the Parrot brand. More information is available at www.candyking.com.