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Notice of written procedure for senior secured floating rate bonds issued by European Lingerie Group (publ) (the “Issuer”)

13 December 2019

Intertrust (Sweden) AB (the “Agent”) acting in its capacity as agent for the bondholders under the terms and conditions for the bonds, has at the request of the Issuer on 13 December 2019 initiated a written procedure by which bondholders can approve or reject a proposal from the Issuer.

The Issuer asks the bondholders to approve  a proposal from the Issuer regarding certain waivers and amendments to the terms and conditions of the Bonds (the “Request“). For further details of the Request and the background and rationale relating thereto, please see the full notice which can be downloaded as per below.

Pursuant to Clause 16(h) of the terms and conditions, a quorum in respect of the written procedure will only exist if  bondholders representing at least fifty (50) per cent of the adjusted nominal amount reply to the Request. Pursuant to clause 16(f) of the terms and conditions, at least sixty-six and two thirds (66 2/3) per cent. of the adjusted nominal amount for which bondholders reply in the written procedure must consent to the Request in order for it to be approved.  

The Agent must have received the votes no later than by 12.00 (CET) on 16 January 2020.

For further information, please contact:

Intertrust (Sweden) AB

Contact: Beatrice Gustafsson

Phone: +46 70 141 10 82

Mail: [email protected]

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