News


15.11.2019

Scheduled Payment on 15 December 2019

Pursuant to 9.1 (d) of the Conditions LBI hereby confirms, as the Euro Equivalent Available Cash, as determined on a Determination Date in respect of a Payment Date, is lower than the Distribution Threshold, LBI has decided not to make a payment of principal to the Bondholders on 15 December 2019 and to postpone such payment of principal until the Scheduled payment on 15 June 2020 unless postponed further.

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13.11.2019

Notice of partial conversion of bonds

LBI’s has on 24 October 2019 decided to initiate a partial conversion of EUR 89,635,400 of Bonds into new EUR 89,635,400 Class A Shares (equity) each of nominal value EUR 0.01 (the “Conversion”) according to authorization provided in Art. 6.2. and Art. 29 of the Company’s Articles of Association, and Art. 6.1.(a) of the Terms and Conditions of the Bonds (the “Conditions”).

Further to the above, the Board of Directors of the Issuer will, with reference to Article 6.2 of the Articles of Association and Condition 6.1(a) of the Conditions, increase the Issuer’s share capital by EUR 896,354, from EUR 11,356,884.04 to EUR  12,253,238.04 nominal value, by issuing 89,635,400 new Class A Shares each of a nominal value of EUR 0.01. The Conversion rate of the new shares shall be EUR 0.01 per share.

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24.10.2019

LBI'S MANAGEMENT ACCOUNTS FOR Q3 2019

LBI’s Management Accounts for Q3 2019 and investor call presentation have been made available on LBI’s website under https://www.lbi.is/financial-info.

LBI will host an investor call to present and discuss the results on Tuesday 29 October 2019 at 14:00 (GMT) London and 10:00 New York time (EDT).

Please note that shareholders of LBI will need to register in advance to participate in the call by sending email to ir@lbi.is at the latest before 18:00 (GMT) London and 14:00 New York time (EDT) on Monday 28 October 2019.

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25.07.2019

LBI'S MANAGEMENT ACCOUNTS FOR Q2 2019

LBI’s Management Accounts for Q2 2019 and investor call presentation have been made available on LBI’s website under https://www.lbi.is/financial-info.

LBI will host an investor call to present and discuss the results on Tuesday 30 July 2019 at 14:00 (GMT), 15:00 (BST) London and 10:00 New York time (EST).

Please note that shareholders of LBI will need to register in advance to participate in the call by sending email to ir@lbi.is at the latest before 18:00 (GMT), 19:00 (BST) London and 14:00 New York time (EST) on Monday 29 July 2019.

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12.06.2019

SCHEDULED PAYMENT CONFIRMED TO BE €16,819,678

Pursuant to 9.1(c) of the Conditions, and in furtherance of the Payment Notice issued on the 7 June 2019, the Issuer hereby notifies the Noteholders that the final amount of Euro Equivalent Available Cash paid on the 17 June 2019 will be €16,819,678.

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