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Desenio Group AB Capital/Financing Update 2025
8359_rns_2025-02-24_51ca32d1-c74f-4ccc-ab5a-b3df5b4c1a46.pdf
Capital/Financing Update
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PRESS RELEASE 24 February 2025 16:30:00 CET
Desenio obtains the bondholders' approval regarding proposed restructuring of its outstanding bonds and capital structure
Desenio Group AB (publ) (the "Company" or "Desenio") announces that the written procedure initiated on 5 February 2025 (the "Written Procedure") regarding the restructuring of the Company's outstanding senior secured bonds with ISIN SE0015242839 and capital structure (the "Restructuring") has been successfully concluded.
Quorum was approximately 66 per cent, and out of the voting bondholders all voted in favour of the Company's request in accordance with the Written Procedure. The bondholders have therefore approved the Restructuring, on the terms and conditions set out in the notice to the Written Procedure. As further described in the notice to the Written Procedure, the implementation of the Restructuring is further conditional upon, inter alia, relevant approvals being obtained from the Company's shareholders at the extraordinary general meeting to be held on 4 March 2025.
For questions regarding the administration of the Written Procedure, please contact the Agent at [email protected] or +46 8 783 79 00.
For further information, please contact:
Fredrik Palm, CEO, [email protected], +46 70 080 76 37 Johan Roslund, CFO, [email protected], +46 73 744 60 87 Johan Hähnel, Head of IR, [email protected], +46 706 05 63 34
About Desenio Group
Desenio Group is the leading e-commerce company within affordable wall art in Europe, with a growing presence in North America. We offer our customers a unique and curated assortment of about 9,000 designs as well as frames and accessories in 37 countries via 44 local websites and are steadily expanding to new markets.
Desenio Group is well positioned to build upon our dynamic growth model, including our proprietary technical platform, industrialized creative processes and efficient customer acquisition approach.
We are headquartered in Stockholm, Sweden, with fulfilment centres in Sweden, Czech Republic and USA. Our share is traded on Nasdaq First North Growth market, under the ticker "DSNO".
PRESS RELEASE 24 February 2025 16:30:00 CET
Certified Adviser
FNCA Sweden AB is the company's certified adviser.
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Desenio obtains the bondholders' approval regarding proposed restructuring of its outstanding bonds and capital structure