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Net1 International Holdings AS – Notice of loan acceleration

Published: 14 June 2022

Net1 International Holdings AS – Notice of loan acceleration

Oslo, 14 June 2022. Net1 International Holdings AS (the “Company”) has received a notice of loan acceleration.

Reference is made to the operational update on 27 May 2022.

Following the absence of interest  to provide additional funding of the Company from the other shareholders in response to the request included in the notice for Extraordinary General Meeting, the Company has received a notice of acceleration from RASMUSSENGRUPPEN AS under the loan agreement entered into by the parties on 4 September 2019 originally in the amount of NOK 50 million (the “Agreement”) and as subsequently increased and amended several times, pursuant to which RASMUSSENGRUPPEN AS has declared the loan due and payable in full. The outstanding loan balance, including accrued interest, as per 31 May 2022 amounts to NOK 121 million.

ENDS

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