| Put Option |
1 |
1’968’004 |
On 27 August 2021, Alpine Holding Korlatolt Felelossegu Tarsasag, has entered into a secured financing with Alpine 1 SCSp, Luxembourg, which in turn owns the units in Alpine 2 SCSp. The shares in Ultima Capital SA owned by Alpine 2 SCSp serve as collateral for the debt financing (secured debt). Under the secured debt financing agreement, Alpine 1 SCSp issues various tranches of notes with maturity date 30 December 2025 (“Notes”). At the election of Alpine 1 SCSp, repayment of the Notes can be made either in cash or by transferring the units in Alpine 2 SCSp (“Repayment in Kind”) at the maturity of the Notes. In case of such Repayment in Kind, Alpine Holding would hold indirectly via Alpine 2 SCSp 1,968,004 shares in Ultima Capital SA (33.30%). |
