Rechtbank heeft plannen van NEVS goedgekeurd.

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Weer een stapje in de goede richting.

Nevs’ composition proposal approved by Court

March 23, 2015 in NEVS, Press Releasse



A press release from Nevs today;

The District Court of Vänersborg today approved the composition proposal earlier presented by Nevs, as
the stipulated number of creditors’ votes needed for the court to decide in favor of the composition proposal
was achieved.

The number of present creditors entitled to vote, and those who on beforehand had approved the proposal
and signed a proxy for the Administrator to vote for them, amounted to 98,2 percent of the creditors and
98,6 percent of the amount of the debt.

The composition means that claims up to 500’000 SEK will be fully paid, and that claims above 500’000 SEK
will be reduced by 50 percent. Of a total of 573 creditors 469 will get their full claim paid.

The payments will be performed in two steps. The first within 60 days from the date that the Court’s decision
is legally valid, and the second step within six months from the same date. The composition as well as the
operating costs for the coming months will be financed by Nevs’ main owner. Nevs intends to apply for
exiting the reorganization as soon as the composition is legally valid in mid-April.

“A composition was needed for Nevs to exit the reorganization in order to be able to sign commercially viable
agreements with our OEM and financial partners we have been in dialogue with for a long time. We
appreciate the support from our suppliers, with whom we want to continue to develop long-term relations”,
said Mattias Bergman, President Nevs.

“My duty as Administrator is to secure that the composition is favorable for both the company and the
creditors. Todays’ decision creates possibilities both for the development of Nevs’ business as well as future
business potentials for the creditors”, said the Administrator, Attorney Lars Eric Gustafsson, Hamilton Law
Firm.