DistIT AB

Earnings Release • Jun 2, 2025

Press Release 02 June 2025 17:30:00 CEST

DistIT receives bondholder approval for implementation of recapitalisation

DistIT AB (publ) ("DistIT" or the "Company") announces that the written procedure initiated by the Company on 13 May 2025 regarding its outstanding senior unsecured bonds, in order to obtain bondholders' approval for the implementation of the previously announced principal agreement for the recapitalisation of the Company, has been successfully completed.

On 13 May 2025, the Company initiated a written procedure (the "Written Procedure") regarding its outstanding senior unsecured corporate bonds with a maximum nominal amount of SEK 300 million and ISIN SE0015949359 (the "Bonds"), in order to obtain bondholder approval for the implementation of the previously announced principal agreement with certain bondholders concerning the recapitalisation of the Company.

A sufficient number of bondholders participated in the Written Procedure to form a quorum, and the requisite majority voted in favour of the Company's request. Accordingly, the agent, Nordic Trustee & Agency AB (publ), has today concluded the Written Procedure. The amendments to the terms and conditions are effective as of today. The amended terms and conditions will be made available on the Company's website.

"We are grateful for the constructive discussions with our bondholders and for their support. This is an important step in our plan to strengthen the company's financial position and create a stable platform." says Anders Bladh, Chair of the Board of DistIT.

As previously announced by the Company, a condition subsequent for the approval of the Written Procedure is that the rights issue announced by the Company on 13 May 2025 has been approved by the shareholders' meeting no later than 15 July 2025 and has been completed no later than 31 August 2025. An extraordinary general meeting regarding the rights issue will be held on 12 June 2025. Subject to the general meeting approving the rights issue, the outcome of the rights issue is preliminary expected to be announced on 7 July 2025.

ABG Sundal Collier acts as financial advisor to the Company in connection with the recapitalisation. Gernandt & Danielsson and DLA Piper act as legal advisors to the Company in connection with the recapitalisation.

For questions regarding the administration of the Written Procedure, please contact the Agent at voting.sweden@nordictrustee.com or +46 8 783 79 00.

Contacts:

Per Kaufmann, CEO DistIT AB Phone: +46 73 029 78 79 Email: per.kaufmann@aurdel.com

Tomas Fällman, CFO DistIT AB Mobil: +46 70 224 71 07 Email: tomas.fallman@distit.se

About DistIT AB

DistIT owns and develops niche distributors of IT, mobility, consumer electronics, networking and data communications products in the Nordics. Companies within the DistIT Group deliver B2B as well as B2C products to the IT markets in Europe. The DistIT stock is listed on the Nasdaq First North Premier Growth Market exchange and DistIT's Certified Adviser is DNB Carnegie Investment Bank AB.

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DistIT receives bondholder approval for implementation of recapitalisation