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20-03-2017 - Invitation and materials for a GSM

Company: Synthetica AD-Sofia (0SYA)
BSE-Sofia has received materials of the appointed General Meeting of Bondholders of Synthetica AD-Sofia (0SYA) as follows:
Eurobank Bulgaria AD, in their capacity of a trustee of the bondholders of the issue of bonds of Synthetica AD-Sofia (0SYA), ISIN BG2100003123, has appointed a General Meeting of the Bondholders on 31 March 2017 at 2:00 p.m. in the city of Sofia, at 47 N.Y.Vaptsarov Blvd., under the following agenda:
Adoption of a decision for amendment of certain parameters of the bond issue as follows:
- Extension of the term of the bond issue by 60 (sixty) months until 05 April 2022 (new maturity date);
- Repayment of 40% of the principal amount (BGN 2,000,000) by 05 October 2021 including in accordance with the enclosed repayment schedule;
- Fixing the interest rate to be applied to the debenture loan within the extended term, i.e. from 05 October 2017 to 05 April 2022, to 5% per annum;
- Repayment schedule is amended as follows:
Date of payment / Principal payment amount/ Interest payment amount
05.04.2017 / 0 / 154,575;
05.10.2017 / 0 / 125,342;
05.04.2018 / 250,000 / 124,658;
05.10.2018 / 250,000 / 119,075;
05.04.2019 / 250,000 / 112,192;
05.10.2019 / 250,000 / 106,541;
05.04.2020 / 250,000 / 100,000;
05.10.2020 / 250,000 / 93,750;
05.04.2021 / 250,000 / 87,260;
05.10.2021 / 250,000 / 81,473;
05.04.2022 / 3,000,000 / 74,795;
- To cover the whole outstanding principal amount to the high limit of BGN 5,000,000, along with the due interest coupon of 5% per annum, penalty interest for delay as well as extra expenses, an insurance contract is to be concluded with EuroIns Insurance Company within 10 (ten) days following the date of the amendment decision;
- In the absence of a quorum, the GMB will be held on 18 April 2017 at 2:00 p.m. at the same place and under the same agenda.
The entire notification and the GMB materials are available on the web site of the Exchange