Eros Media World PLC EROS MEDIA WORLD PLC- Bondholder Update

RNS Number : 9747E

Eros Media World PLC

29 February 2024

 

 

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)

£50,000,000 9.00 per cent. Secured Bonds due 2026

(ISIN: XS1112834608) (the "Bonds")

 

Bondholder Update

Eros Media World PLC (the "Company") hereby notifies Bondholders of a further delay in the provision to the Trustee of a copy of its annual financial statements for the year ended 31 March 2023, which it was due to provide to the Trustee by 31 December 2023 in accordance with the terms of the Consent Solicitation announced on 8 March 2023. The Company has been working hard with its auditors to meet this deadline but, owing to continued delays attributable to transition of personnel, it expects that it will only be able to meet this requirement by 31 March 2024. However, the Company wishes to reassure Bondholders that this situation is expected to be resolved, and the Company is also working on making the due coupon payment at the earliest.

 

Capitalized terms used and not defined in this notice have the meaning given to them in the Repurchase and Consent Solicitation Memorandum dated 8 March 2023.

 

Eros Media World PLC

29 February 2024.

 

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