EFACEC POWER SOLUTIONS, SGPS, S.A.
“EFACEC FIXED RATE NOTES 2019-2024” NOTES
ISIN Code PTEFWAOM0001
POSTPONEMENT OF THE NOTEHOLDERS’ MEETING
Bondholders, S.L., in the capacity of common representative of the noteholders of “EFACEC FIXED RATE NOTES 2019-2024”, with the ISIN PTEFWAOM0001 (“Noteholders”) issued on 23 July 2019 by EFACEC POWER SOLUTIONS, SGPS, S.A., a public limited company with registered office at Lugar da Arroteia, Leça do Balio e Guifões, 4465 – 587 Matosinhos, with the sole registration and taxpayer number 513 180 966 and the fully paid-up share capital of three hundred and eight million, nine hundred and forty nine thousand, two hundred and fifty euros (EUR 308,949,250.00) and with a negative equity (capitais próprios negativos) of fifty two million, one hundred and three thousand, eight hundred and fifty four euros (EUR 52,103,854.00) as at 31 December 2022 (“Issuer”), convened, by means of a convening notice published on 7 July 2023 (“Convening Notice”), the Noteholders for a noteholders’ meeting (“Noteholders’ Meeting”), to be held on 7 August 2023 at 10 a.m. Lisbon time (GMT + 1) on first call or, if the legally required quorum is not present at the first call, on second call at the same place on 31 August 2023 at 10 a.m. Lisbon time (GMT + 1).
Following the request addressed to it by the Issuer, Bondholder, S.L. hereby and on the said capacity informs the Noteholders of the postponement of the Noteholders’ Meeting identified above to 12 September 2023 at 10 a.m. Lisbon time (GMT + 1) on first call or, if the legally required quorum is not present at the first call, on second call to 29 September 2023, at 10 a.m. Lisbon time (GMT + 1).
The reason for this postponement of the Noteholders’ Meeting is that a complementary document in support of the Consent Solicitation Memorandum was made available by the Issuer, upon suggestion of Noteholders, on 21 July 2023 (“Supplementary Document”). Given the nature of the matters to be voted on by the Noteholders’ Meeting and the need to provide Noteholders with additional time to analyse the contents of the Supplementary Document in detail, it is deemed necessary for the Issuer to postpone the date of the Noteholders’ Meeting.
The Convening Notice and the proposals referring to the different items of its agenda (“Proposals”) remain in force. However, the dates set out in the Convening Notice shall be deemed to have no effect and shall be replaced in the Convening Notice and in the Proposals by the following dates:
(i) Date of the Noteholders’ Meeting on first call: 12 September 2023 at 10 a.m. Lisbon time (GMT + 1)
(ii) Date of the Noteholders’ Meeting on second call: 29 September 2023 at 10 a.m. Lisbon time (GMT + 1)
(iii) Blocking Date: at 00:00 a.m. on 8 September 2023 or 27 September 2023, if on second call.
The Convening Notice and the Proposals must be read and interpreted, for all purposes, together with this notice.
Noteholders (including those who have already made any arrangements to attend the Noteholders’ Meeting) will be required to provide a certificate of ownership, as set out in the Convening Notice. When a certificate has already been issued, Noteholders must confirm with the relevant Interbolsa Member and/or custodians, that the notes will remain blocked until the conclusion of the Noteholders Meeting (considering the new dates resulting from this postponement) and the certificate will remain valid or if new blocking instructions must be given and/or new ownership certificates must be issued (in any case, ensuring compliance with terms set out in the Convening Notice). Without prejudice to the above, unless there is a change in the voting direction or cancellation of the voting instructions, all voting instructions submitted prior to this date will remain valid and in force by reference to the new dates of the Noteholders Meeting provided a valid certificate of ownership is timely provided under the set out above and in the Convening Notice.
27 July 2023
The Common Representative of the Noteholders