News


12.07.2018

Unscheduled payment of € 6.3 million confirmed

Terms defined in this notice shall be construed in accordance with the conditions set out in the Schedule 1 to the Trust Deed, dated 23 March 2016 and made between the Issuer, the Trustee and the U.S. Trustee (the “Conditions“) (as amended in a noteholder meeting on 28 November 2016).

Pursuant to 9.1(c) of the Conditions, and in furtherance of the Unscheduled Payment Notice issued on the 25 June 2018, the Issuer hereby notifies the Bondholders that the final amount of Euro Equivalent Available Cash paid on the 18 July 2018 will be €6,300,000.

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04.07.2018

Unscheduled payment of € 6.3 million

Terms defined in this notice shall be construed in accordance with the conditions set out in the Schedule 1 to the Trust Deed, dated 23 March 2016 and made between the Issuer, the Trustee and the U.S. Trustee (the “Conditions“) (as amended in a noteholder meeting on 28 November 2016).

Pursuant to 9.2(a)(ii) of the Conditions, and in furtherance of the Unscheduled Payment Notice issued on the 25 June 2018, the Issuer hereby notifies the Bondholders of payment which will be applied in partial redemption of the Bonds on the Payment Date of 18 July 2018. The Euro Equivalent Available Cash for this payment is €6,300,000.

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25.06.2018

Unscheduled payment of € 6.3 million

Pursuant to Condition 9.2(a) of the Convertible Notes due 2035, LBI ehf. hereby gives notice of its intention to make an unscheduled payment in respect of the Convertible Notes on 18 July 2018 of € 6.3 million.

The principal source of cash for this payment is from Loans to customers, a payment which was received by LBI on 15 June 2018.

In accordance with the terms and conditions of the Convertible Notes, further detail will be provided on 5 July 2018.

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11.06.2018

Scheduled payment confirmed to be €41,173,933

Pursuant to 9.1(c) of the Conditions, and in furtherance of the Payment Notice issued on the 5 June 2018, the Issuer hereby notifies the Noteholders that the final amount of Euro Equivalent Available Cash paid on the 15 June 2018 will be €41,173,933.

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05.06.2018

Scheduled payment estimated to be € 41.3 million

Terms defined in this notice shall be constructed in accordance with the conditions set out in the Schedule 1 to the Trust Deed, dated March 23rd, 2016 and made between the Issuer, the Trustee and the U.S. Trustee (the “Conditions“) (as amended in a noteholder meeting on 28 November 2016).

Pursuant to the Condition 9.1(b) of the Conditions, the Issuer hereby notifies the Noteholders of a payment which will be applied in partial redemption of the Notes on the Payment Date of 15 June 2018. The estimated Euro Equivalent Available Cash for this payment is € 41,308,430.

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