Stovec Industries Promoter Group Enters Shareholder Agreement

Stovec Industries Limited received an intimation regarding a Shareholders' and Subscription Agreement (SHA) entered into by its promoter group entities, Print I B.V. and Print Holdings B.V., with Magenta Holding B.V., SPG MIP Invest B.V, and Stichting Administratiekantoor SPG-MIP. This agreement is part of corporate and debt restructuring within Print I, the holding company of SPG Prints B.V. (Stovec's promoter). While Stovec Industries is not a direct party to the SHA, it contains terms binding on the company as a subsidiary of Print I. The SHA governs the relationship between shareholders of Print I and is linked to restructuring arrangements and a senior facilities agreement with lenders.