EPE Special Opportunities Limited Amendment and Extension of Unsecured Loan Notes
July 18 2024 - 2:00AM
RNS Regulatory News
RNS Number : 8037W
EPE Special Opportunities Limited
18 July 2024
EPE Special Opportunities
Ltd
Amendment and Extension of
Unsecured Loan Notes
EPE Special Opportunities Ltd
("ESO") announces
that:
i. holders of 75%
or more of the principal amount of ESO's outstanding 7.5% Unsecured
Loan Notes due 2024 with ISIN GB00BF0XD821 (the "Notes") have, in accordance with
Clauses 1.1(b) and 2 of Schedule 2 to the Loan Note Instrument
dated 23 July 2015 constituting the Notes (the "Loan Note Instrument"), passed
extraordinary written resolutions authorising ESO to (i) make
certain modifications to the Loan Note Instrument and (ii) execute
a deed of amendment in respect of the Loan Note Agreement in order
to give effect to such modifications;
ii. ESO yesterday
executed such deed of amendment with immediate effect;
and
iii. the effect of the
modifications to the Loan Note Instrument is that:
(a) the final repayment date in
respect of the Notes shall fall on 23 July 2025 (being the tenth
anniversary of the Loan Note Instrument and also a business
day);
(b) ESO shall, subject to certain
conditions set out in the Loan Note Instrument, have the right,
exercisable on or prior to 30 June 2025, to extend the final
repayment date in respect of the Notes to 23 July 2026 (being the
ninth anniversary of the Loan Note Instrument and also a business
day); and
(c) The Notes shall henceforth be
referred to as ESO's outstanding 8.0% Unsecured Loan Notes due
2025.
The information set out in this
announcement summarises the amendments made to the Loan Note
Instrument, is not legally binding, and does not purport to modify
the Loan Note Instrument or the Notes. Noteholders should refer to
the provisions of the amended Loan Note Instrument for precise
information on their rights and obligations under the Notes. The
provisions of the amended Loan Note Instrument will be posted on
ESO's website ( www.epespecialopportunities.com
).
The person responsible for releasing
this information on behalf of ESO is Amanda Robinson of Langham
Hall Fund Management (Jersey) Limited.
Enquiries:
|
EPIC Investment Partners LLP
|
+44 (0) 207 269 8865
|
|
|
Alex Leslie
|
|
|
|
|
Langham Hall Fund Management (Jersey)
Limited
|
+44 (0) 153 488 5200
Amanda Robinson
|
|
|
|
|
Cardew Group Limited
|
+44 (0) 207 930 0777
Richard Spiegelberg
|
|
|
|
|
Numis Securities Limited
|
+44 (0) 207 260 1000
|
|
Nominated Advisor:
|
Stuart Skinner
|
|
Corporate Broker:
|
Charles Farquhar
|
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END
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