For the purpose of enabling Storent Holding to realize the favorable market conditions, make significant investments and further develop and seize the market potential, Storent Holding instigated a written procedure to obtain the Noteholders’ consent on amendments to the General Terms and Conditions. Full announcement available here: https://view.news.eu.nasdaq.com/view?id=b0fcf0b7ff45fb03c3e56a6c58744baea&lang=en

Proposed amendments: to amend the Issuer’s Net Debt/EBITDA Ratio, allowing NetDebt/EBITDA Ratio to be lower than 4 starting from the third quarter of 2024 to the second quarter of 2025, while starting from the third quarter of 2025, reducing it to 3.5. Current NetDebt/EBITDA ratio is 2.5.

Storent Holding organized a webinar to elaborate on the financial situation and voting process in more detail. See the recording here: https://youtu.be/TID93q8jK7c?si=paxxCaZGZVyjIjHL

Voting for Noteholders is open, and Noteholders are welcome to submit their votes by 29 August 2024 (inclusive). Noteholders can easily do it here: www.storentholding.com

Noteholders benefit from voting: if the proposed amendments are approved, the Issuer agrees within 10 Business Days after publication of the Issuer’s notice to pay each Noteholder, who has voted “yes”, an amendment fee in the amount of 1% from the principal amount of the Notes held by the respective Noteholder.

Baiba Onkele
Storent Holding CFO
Mobile: + 371 29340012
E-mail: baiba.onkele@storent.com
www.storentholding.com