EPE Special Opportunities Limited Amendment and Extension of Unsecured Loan Notes (1852T)
21 Julio 2022 - 1:00AM
UK Regulatory
TIDMESO TIDMEO.P TIDMEC.P TIDMEL.P
RNS Number : 1852T
EPE Special Opportunities Limited
21 July 2022
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 2022 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 24 July 2023 (being the first business day after the eighth
anniversary of the Loan Note Instrument);
(b) ESO shall, subject to certain conditions set out in the Loan
Note Instrument, have the right, exercisable on or prior to 30 June
2023, to extend the final repayment date in respect of the Notes to
23 July 2024 (being the ninth anniversary of the Loan Note
Instrument and also a business day); and
(c) if ESO exercises the right described in (b) above, the
interest rate applicable to the Notes shall, in respect of the
period following 24 July 2023 until the Notes' revised final
repayment date, be increased by 0.5% per annum (to a total of 8%
per annum).
The Notes shall henceforth be referred to as ESO's outstanding
7.5% Unsecured Loan Notes due 2023.
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 +44 (0) 153 488 5200
(Jersey) Limited 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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