AS “Storent Holding”, registration number 40203174397, (the “Issuer”), in accordance with Clause 26.3 of the General Terms and Conditions of the Notes set forth in the Base Prospectus of the Issuer dated 25 May 2023 and the supplement to it dated 21 February 2024, as amended pursuant to the decision of the Noteholders in accordance with the announcement of the Issuer dated 8 August 2024 (the “General Terms and Conditions”) initiated a written procedure (the “Written Procedure”) to obtain the Noteholders’ consent on amendments to the General Terms and Conditions and the execution of a new Guarantee by SIA “Storent” and UAB “Storent", with such new Guarantee replacing and superseding in its entirety the initial Guarantee made by SIA “Storent” on 25 May 2023.
The Issuer’s announcements are available here and here.
Pursuant to the General Terms and Conditions, the proposed amendments and execution of the new Guarantee become effective if: (i) one or more Noteholders holding 50 (fifty) per cent in aggregate or more of the principal amount of the outstanding Notes (excluding the Notes held by the Issuer and the Related Parties) reply to the request by submitting their votes, and (ii) at least 75 (seventy-five) per cent of those Noteholders vote “yes” to the proposed amendments and execution of the new Guarantee.
The Issuer hereby informs that the voting of the Noteholders ended on 26 September 2025.
The principal amount of the outstanding Notes with ISIN LV0000850089 and ISIN LV0000850345 (excluding the Notes held by the Issuer and the Related Parties) is EUR 18 112 400. Noteholders (excluding the Issuer and the Related Parties) holding 58.2% of the principal amount of the outstanding Notes (i.e., the Noteholders holding the Notes with the principal amount EUR 10 537 840) replied to the request by submitting their votes, and 99.3% of those Noteholders voted “yes” to the proposed amendments and execution of the new Guarantee. Consequently, the proposed amendments to the General Terms and Conditions and the execution of the new Guarantee were approved and became effective.
All Noteholders who voted “yes” will receive an amendment fee in the amount of 0.5% (zero point five per-cent) of the nominal value of the Notes until 10 October. For tax purposes the amendment fee is treated as an interest payment, and the Issuer will make a payment net of applicable withholding taxes.
The approved amendments to the General Terms and Conditions and the new Guarantee are attached herewith.
The Issuer expresses its gratitude to all Noteholders who have casted their votes in the Written Procedure. Andris Pavlovs, Chairman of the Management Board and co-owner of AS “Storent Holding” states:
“In recent years, Storent has taken bold steps — upgrading its ERP systems, making significant investments in its equipment fleet, and expanding geographically with new rental centres. These decisions are already delivering results, yet we are determined to go further. We sincerely thank our noteholders for their unwavering trust and support, which empower us to sustain our strong growth. The approved changes will not only streamline the administration of the Notes by unifying their terms but also enable Storent to move forward immediately with its expansion plans and establish a presence in the US market.”
Baiba Onkele
Chief Financial Officer
AS “Storent Holding”
Mobile: + 371 29 340 012
E-mail: baiba.onkele@storent.com
Website: www.storentholding.com