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Notice of redemption in European Lingerie Group AB (publ)

29 June 2021

Reference is made to the terms and conditions of the abovementioned bond issue (with an aggregate amount outstanding of EUR 40,000,000) (the “Bonds”) issued by European Lingerie Group AB (the “Issuer” and together with its direct and indirect subsidiaries, the Group) on 19 February 2018 in accordance with the terms and conditions for the Bonds (the “Terms and Conditions”).

All capitalised terms used herein and not otherwise defined in this notice (the “Notice”) shall have the meaning assigned to them in the Terms and Conditions.

As announced by the Issuer by way of press release on 29 June 2021 and as agreed upon by a requisite majority of the Bondholders through a Written Procedure concluded on 11 May 2021, a final redemption of the Bonds in an amount of EUR 21,000,000 will be made on 7 July 2021 (“Bond Redemption”), whereby all outstanding Bonds will be redeemed at the redemption price of 52.50 per cent. of the Nominal Amount (i.e., EUR 52,500 per Bond). The Record Date for the Bond Redemption is 30 June 2021, i.e. five (5) Business Days prior to the Bond Redemption. The redemption amount will be paid to each person who is registered as owner of Bonds in the debt register maintained by Euroclear Sweden at end of business on the Record Date.

The remaining Nominal Amount following the Bond Repayment of EUR 19,000,000 and any accrued but unpaid interest under the Bonds will be written down to zero in accordance with the written procedure concluded on 11 May 2021. Following the Bond Repayment, the Bondholder will have no further claims against the Issuer or any other member of the Group.

The Bonds will be delisted from Nasdaq Stockholm on 29 June 2021.

This Notice is irrevocable and is governed by Swedish law. This Notice is for information purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities of the Issuer.

For further information, please contact the Issuer at:

 

Diana Suprunovica, CFO

Tel: +371 2839 1256

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