Correction: Multitude SE initiates a written procedure to
request certain amendments to the terms of its subordinated capital
notes
Multitude SE's stock exchange release published on 16 May 2024
included incorrect dates. The full stock exchange release with
corrected dates is available below:
Multitude SE (the "Company") has instructed the agent for
the Company's subordinated perpetual floating rate callable capital
notes (ISIN NO0011037327) (the "Notes"), Nordic Trustee
& Agency AB (publ) (the “Agent”), to initiate a written
procedure to request that noteholders vote in favour of certain
amendments to the terms and conditions of the Notes (the
“Written Procedure”).
During Q1 2024, the Company has announced its intention to
transfer its registered office from Finland to Switzerland as part
of a broader strategic initiative. Finnish legal constraints
prohibit a direct relocation from Finland to a non-European
Economic Area (EEA) country while maintaining a legal personality
and therefore, the Company proposes a transfer to and subsequent
conversion into a public limited liability company in Malta,
followed by a relocation to Switzerland (the "Relocation").
To facilitate the Relocation, the Company is requesting the
noteholders to provide their consent to the necessary amendments to
the terms and conditions of the Notes, in each case on the terms
and as further described in more detail in the notice of the
Written Procedure.
The written procedure will end on 10 June 2024 and the deadline
for voting is 15:00 (CEST). The Written Procedure may, however, be
concluded before the expiry of the voting deadline if a requisite
majority has accepted the requests. To be eligible to participate
in the written procedure a holder of Notes must fulfil the formal
criteria for being a noteholder on 31 May 2024. This means that the
holder of Notes must be registered on a securities account with
Euronext Securities Oslo (the "CSD") as a direct registered
owner or authorised nominee with respect to one or several
Notes.
Pareto Securities Oy has been retained as financial advisor in
connection with the written procedure.
The notice to the Written Procedure will be delivered to all
holder Notes through the CSD and is also available on the Company's
website (www.multitude.com/investors).
For additional information, please contact:
Lasse Mäkelä
Chief Strategy and IR Officer
Phone: +41 79 371 34 17
E-mail: lasse.makela@multitude.com
About Multitude SE:
Multitude is a listed European FinTech company, offering digital
lending and online banking services to consumers, small and
medium-sized businesses, and other FinTechs overlooked by
traditional banks. The services are provided through three
independent business units, which are served by our internal
Banking-as-a-Service Growth Platform. Multitude’s business units
are consumer banking (Ferratum), SME banking (CapitalBox) and
wholesale banking (Multitude Bank). Multitude Group employs over
700 people in 25 countries and offers services in 16 countries,
achieving a combined turnover of 230 million euros in 2023.
Multitude was founded in Finland in 2005 and is listed on the Prime
Standard segment of the Frankfurt Stock Exchange under the symbol
'FRU'.
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