Eros Media 26 Discussion Threads

[mashala1] 21/6/2023 17:53

So my HL account continues to show a consent approved line, but not the actual stock, so there's no way of selling

[mokhan2] 02/6/2023 17:45

HL consent fee received. I guess now we just wait

[grahamg8] 28/5/2023 09:19

HL interest arrived, no consent fee so far.

[ciaranfairmichael] 26/5/2023 19:10

AJBell have paid the coupon and the consent fee. They got a nudge from one of the group on the discord forum which may have helped. Now we just need the repurchase amount from Eros. Apparently the FCA are keeping an eye on the bond too!

[top_barman] 26/5/2023 16:04

I had the Interest payment on Wednesday (I'm with II), but nothing of the consent solicitation fee, or the repurchased stock.

[ciaranfairmichael] 26/5/2023 09:58

AJBell are being slow. No-one with them seems to have got the payment yet. If there's no movement in the next couple of days, they may need a nudge.

I note others are now reporting they've got the consent fee too.

[maisieme] 26/5/2023 05:54

Nothing arrived with AJ Bell?

[mashala1] 24/5/2023 13:24

Interest payment received today. No RNS on interest payment or repurchase plans

[ciaranfairmichael] 24/5/2023 10:22

There is an active discussion on these bonds on discord -hxxps://discord.gg/TC3Ytgf5MX. The discord server was initially set up to pull together an action group following EROS' first default and the link was put in this chat, but that was a good few months ago, so it's probably worth highlighting again.

The delayed dividend (from April) has started arriving in peoples' accounts today and we are expecting the consent fee (for those eligible following the consent solicitation) tomorrow.

The repurchase amount has still to be declared, which is obviously unsatisfactory, but at least the dividend is being belatedly brought up to date.

[maisieme] 24/5/2023 04:41

Anybody got any idea what is going on? Was there last and previous buyback statements just the usual nonsense. Shouldn’t the UK
FCS be investigating them?

[maisieme] 19/5/2023 07:44

Yes/ they are a disgrace to the Indian community.

[eshm] 17/5/2023 19:06

Eros Media World PLC, it seems to be doing what they want without any respect to the Bondholders.It has us under a barrel!

[cc2014] 03/5/2023 15:05

Eros Media World PLC (the "Company") hereby gives notice that it has not yet made the coupon payment on the Bonds which was due to be paid on 17 April 2023. This has also resulted in a delay in payment of the Consent Fee (as defined in the Repurchase and Consent Solicitation Memorandum dated 8 March 2023).

The Company is holding the funds to make these payments within the Eros group and its global treasury team is working to remit the funds internationally to satisfy the payments so that this situation will be resolved shortly, such that the Event of Default caused by the delay in the coupon payment will not be continuing. The Company will issue a further notice once the payments have been made.


What a strange RNS.

I don't hold

[verymaryhinge] 02/5/2023 20:40

anyone heard anything ? tia VMH

[mashala1] 29/4/2023 17:56

Announcement due yesterday didn't happen!

[maisieme] 16/4/2023 10:13

Yes - more Lulla broken promises but no surprise there I guess.

[mashala1] 14/4/2023 18:48

I see the latest RNS suggests further delay:

[verymaryhinge] 31/3/2023 21:20

there was an RNS on Thursday c 6: 20 pm

[mashala1] 31/3/2023 18:25

How do you know it passed? Can't find any info online

[verymaryhinge] 30/3/2023 18:43

seems they got it passed.

[verymaryhinge] 28/3/2023 07:55

suspect you're right..

[grahamg8] 27/3/2023 18:04

Voting deadline now passed. Results on Thursday, unless below 75% available votes cast when we get a suspension (of the meeting).

I took a more detailed look at the recent history of Eros. When the shares were suspended in NY Eros admitted that there was no point in campaigning against it because they would never be able to provide audited accounts. They did not have access to STX accounts or permission to use what they did have. So prior year comparisons could never be provided.

More sculduggery to come no doubt. Which is why I have voted for the 60p distribution. In a few months time we could get wiped out.

[verymaryhinge] 17/3/2023 07:42

Tendered mine.