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ERO1 Eros Media 26

5.60
-0.55 (-8.94%)
03 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Eros Media 26 LSE:ERO1 London Bond
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.55 -8.94% 5.60 5.50 5.70 6.05 5.475 6.05 2,000 13:31:26

Eros Media World PLC EMWP Delay in Payment of Coupon and Consent Fee (3122Y)

03/05/2023 2:09pm

UK Regulatory


Eros Media 26 (LSE:ERO1)
Historical Stock Chart


From Jul 2022 to Jul 2024

Click Here for more Eros Media 26 Charts.

TIDMERO1

RNS Number : 3122Y

Eros Media World PLC

03 May 2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.

EROS MEDIA WORLD PLC

(incorporated as a limited company and registered in the Isle of Man under the Companies Act 2006 (Isle of Man) with company number 007466V)

GBP50,000,000 9.00 per cent. Unsecured Bonds due 2026

(ISIN: XS1112834608) (the "Bonds")

Delay in Payment of Coupon and Consent Fee

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.

M&G Trustee Company Limited (as Trustee in respect of the Bonds) has been notified of this delay.

Capitalised terms used and not defined in this notice have the meaning given to them in.

Eros Media World PLC

3 May 2023.

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RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

May 03, 2023 09:09 ET (13:09 GMT)

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