FIBO GROUP AS – SUMMONS FOR A WRITTEN RESOLUTION TO APPROVE AN EXTENSION OF SENIOR SECURED BONDS 2022/2025 ISIN: NO 0011204356

09 Dec 2024 12:21 CET

FIBO GROUP AS – SUMMONS FOR A WRITTEN RESOLUTION TO APPROVE AN EXTENSION OF
SENIOR SECURED BONDS 2022/2025 ISIN: NO 0011204356
Reference is made to the abovementioned bond issue (the "Bonds") issued by Fibo
Group AS as issuer pursuant to the bond terms dated 27 January 2022 (as amended)
(the "Bond Terms").
Fibo Group AS has today requested Nordic Trustee AS (as bond trustee) to summon
for a written resolution to resolve certain amendments to the Bond Terms.
Fibo Group AS is seeking an extension of the maturity date under the Bond Terms,
which currently has a maturity date on 28 January 2025. It has been proposed to
extend the maturity date by 12 months to 28 January 2026. The proposal has
received support from bondholders representing more than 2/3 of the outstanding
Bonds. Fibo Group AS has today requested Nordic Trustee AS (as bond trustee) to
summon for a written resolution to resolve the amendments to the Bond Terms as
further detailed in the attached summons.
If the proposal to extend the maturity date is approved, Fibo Group AS shall pay
the bondholders a one-time amendment fee of 1.00% of the nominal amount of the
outstanding Bonds, payable pro rata to the relevant bondholders 10 business days
after the proposed resolution has been approved with the required majority and
with record date at the end of business 2 business days before such payment.
For further information, please contact:

Paula Teixidor Bustins
CFO Fibo Group AS
PBu@fibosystem.com
+47 91 10 59 81
About Fibo:
Fibo Group is the global leader in providing premium-quality, waterproof wall
solutions for wet rooms, backed by a 70-year legacy of continuous innovation.
Its cost-efficient solutions, designed for quick and easy installation, are
distributed across Europe, North America, and Oceania, offering an eco-friendly
alternative to traditional materials. Featuring an extensive and highly
attractive design assortment, Fibo's products cater to diverse use cases and end
markets, including residential, commercial, and public property renovations and
constructions.
The company's operations are anchored in a state-of-the-art, automated, and
digitalized production facility in Lyngdal, Norway, which has significant
capacity to scale production and meet growing demand driven by strong secular
trends favoring cost-effective and sustainable solutions. Geographically, Norway
accounts for 46% of sales, followed by the UK (28%), Sweden (5%), and other
regions, including North America (19%). Fibo has achieved robust growth in
recent years, with Q3 YTD 2024 sales reaching NOK 646 million and EBITDA at NOK
81.5 million, corresponding to a margin of 13.1%.
This information is published in accordance with the requirements of the
Continuing Obligations.

Attachments
Summons for a written resolution.

More information:
Access the news on Oslo Bors NewsWeb site

634146_NO0011204356_WR_Fibo Group AS - Written Resolution - final version - signed.pdf