GÖTEBORG, Sweden--(BUSINESS WIRE)--
Arctic Paper S.A. and its indirect main shareholder and member of its Supervisory Board, Thomas Onstad, has entered into a loan agreement whereby Thomas Onstad has made available a loan in the amount of EUR 4,000,000 to Arctic Paper. The loan shall be used for the working capital need in the Arctic Paper group. The loan and accrued interest shall be repaid not later than 9 July 2016.
As security for the loan, Arctic Paper S.A. has agreed to pledge 39,900,000 shares in Rottneros AB, representing approximately 26 percent of all outstanding shares and votes in Rottneros AB, to Thomas Onstad. Thomas Onstad has also been granted a right of first refusal regarding the pledged shares in Rottneros AB, entailing that in the event of a third party offer on such shares, Thomas Onstad will be offered to purchase the shares at the price offered by the third party.
This information is disclosed pursuant to the Swedish Securities Market Act and was submitted for publication on July 11, 2013 at 9:30 pm CET.
This information was brought to you by Cision http://news.cision.com
- Consumer Discretionary
- loan agreement
Olle Grundberg, +46 70 654 44 20
chairman of the Supervisory Board of Arctic Paper