The event of default and acceleration notice on bonds ISIN NO0013364380

30 Oct 2025 16:35 CET

Current Report 4/2025
ISIN NO0013364380, XOAM market
Legal basis: paragraph 3.2.1.1. 3) Inside Information, ABM Rules

In connection with the current report 3/2025 published on 04/09/2025, Okechamp
Global B.V. (the Company, the Issuer) is informing that:
1. The Event of Default has occurred and is continuing in accordance with the
Clause 14.1(b) (Other obligations) of the Bond Terms due to the Issuer's failure
to comply with the Financial Covenants, and the Clause 14.1 (e) (Insolvency and
insolvency proceedings) due to Okechamp S.A. (the subsidiary) being the object
of legal proceedings taken in relation to insolvency remedial proceedings filed
with the Polish court on 04/09/2025.
2. The Issuer received the Acceleration Notice, dated 17/10/2025, from Nordic
Trustee AS, acting in its capacity as a Bond Trustee for the Bonds. Thus, the
Bondholders have taken measures to protect their position by accelerating the
outstanding bonds for immediate payment.
3. The outstanding bonds have an aggregate principal amount of EUR 55,000,000
and are payable at a price equal to the First Call Price in accordance with
Clause 14.4 (Calculation of claim) of the Bond Terms. The First Call Price is
EUR 57,907,300.00, together with accrued but unpaid interest of EUR 931,724.44,
at 17/10/2025. The total amount due is EUR 58,839,024.44.
4. Pursuant to Clause 8.2 (Default Interest) of the Bond Terms, the Issuer shall
also pay default interest which shall accrue at a rate of 3 percentage points
over the Interest Rate on the overdue amount from 17/10/2025 until the date of
actual payment.
5. The Issuer was also informed that Nordic Trustee had delivered to Okechamp
S.A. and Okechamp B.V., the Notice of Demand from 17/10/2025. Okechamp Global
B.V. and Okechamp S.A. (the subsidiaries) are the guarantors of the Guarantee
agreement from 05/02/2025, made between Okechamp Global B.V. as the Issuer and
Nordic Trustee as the Security Agent and Bond Trustee for the Bondholders. The
Bondholders called on the guarantees and notified the subsidiaries that an
amount of EUR 58,839,024.44 is due and unpaid.
6. To the best knowledge of the Management Board, no actual enforcement of any
security has been made. The application for remedial proceedings (postepowanie
sanacyjne) of Okechamp S.A. was supported by the Bondholders as well. The
Management is in discussions with the Bondholders to assure the best solution
for all stakeholders of the Company.

The Management of Okechamp Global B.V.

For inquiries, please contact: okechamp.global@okechamp.eu
SJM

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