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

13 August 2020

At the request of certain major Bondholders representing approximately 60 per cent. of the Adjusted Nominal Amount (the “Bondholder Committee”), the Agent, acting in its capacity as agent for the Bondholders under the Terms and Conditions, hereby initiates a written procedure (the “Written Procedure”), whereby the Bondholders can approve or reject the proposal to make certain amendments to the Terms and Conditions.

The Bondholder Committee asks the bondholders to approve  a proposal regarding certain 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 the terms and conditions, a quorum in will only exist if  bondholders representing at least twenty (20) per cent of the adjusted nominal amount reply to the Request. Pursuant to the terms and conditions, at least fifty (50) 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 17.00 (CEST) on 8 September 2020.

For further information, please contact:

Intertrust (Sweden) AB

Contact: Beatrice Gustafsson

Phone: +46 70 141 10 82

Mail: trustee@intertrustgroup.com

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