Orc Group Holding AB (publ) (the "Company") announced on 14 June 2013 that certain amendments had been made to the terms and conditions relating to the Company's five-year notes in the total aggregate amount of EUR 60 million for purposes of allowing a conversion of shareholder loan granted by the sole shareholder of the Company, Cidron Delfi Intressenter Holding AB, to be converted into equity.
At an extraordinary general meeting of the Company held today, it was resolved to issue new shares in the Company against set-off of claim and to amend the articles of association, for the purposes of the above mentioned conversion. Through the issuance, the Company has issued 418,277 new preference shares to Cidron Delfi Intressenter Holding AB. Payment for the new shares shall be made by way of set-off of Cidron Delfi Intressenter Holding AB's claim on the Company under the above mentioned shareholder loan in the amount of SEK 209,138,670.
This announcement is not in any way an offer to subscribe or acquire the issued shares or any other security in the Company.
For further information, please contact:
Christine Blinke, Chief Marketing Officer, Orc Group AB
Tel: 0739-01 02 01, firstname.lastname@example.org
Orc is a leading provider of technology and services for the global financial industry. Since 1987, Orc delivers trading and market access solutions used by proprietary trading and market making firms, investment banks, hedge funds and brokerage houses worldwide.
Orc develops and provides the tools needed for running profitable trading or brokerage businesses in today’s competitive and ever-changing markets.
With market presence in all major global financial centers, Orc provides sales and support services from its offices across EMEA, the Americas and the Asia-Pacific regions.
Orc is owned by Orc Group Holding AB, which is in turn owned by Nordic Capital Fund VII.
For more information, visit: www.orc-group.com
The information above has been published pursuant to the Swedish Securities Market Act. The information was released for public distribution on 26 June 2013 at 01:00 p.m. CEST.
N.B. The English text is a translation of the Swedish text. In case of discrepancy between the Swedish and the English text the Swedish version shall prevail.