REG - Ceiba Investments Ld - Statement re Amendment of Bond Instrument

Ceiba InvestmentsAnnouncement

03/02/2025 07:00

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RNS Number : 5252V  Ceiba Investments Limited  03 February 2025

CEIBA INVESTMENTS LIMITED

("CEIBA" or the "Company")

 

(TICKER CBA, ISIN: GG00BFMDJH11)

Legal Entity Identifier: 213800XGY151JV5B1E88

 

AMENDMENT OF BOND INSTRUMENT (22 MARCH 2021)

 

In CEIBA's RNS Announcement of 13 January 2025 the Company announced proposals
to the holders (the "Bondholders") of the €25,000,000 10% senior unsecured
convertible bonds due 2026 (the "Bonds") issued by the Company in order to
approve, by way of extraordinary resolutions (the "Extraordinary
Resolutions"), the entering into of an amendment agreement (the "Amendment
Agreement") to modify the original bond instrument dated 22 March 2021
constituting the Bonds.  The text of the Amendment Agreement was previously
circulated to Bondholders and also appears on the website of the Company.  In
order to be passed successfully, the Extraordinary Resolutions required
Bondholders together holding at least 60% of the principal amount of the Bonds
to vote in their favour.

 

The Board is very pleased to announce that Bondholders together holding over
85% of the principal amount of the Bonds have voted in favour of the
Extraordinary Resolutions and as a result, as of 24 January 2025 (the date
upon which the 60% threshold was surpassed), the Amendment Agreement was
executed and came into effect.  The Bond Instrument and the Amendment
Agreement are available on the website of the Company (www.ceibainvest.com
(http://www.ceibainvest.com) ).

 

The principal amendments made to the terms of the Bonds modify the payment
schedule from a single €25 million bullet payment due on 31 March 2026 to
five equal annual instalments of €5 million, to be made starting in June
2025.

 

The Bonds are listed on The International Stock Exchange ("TISE") and a copy
of the Amendment Agreement shall be provided to TISE in order to reflect the
changes to the Original Bond Instrument and the new maturity date of the Bonds
being 31 March 2029.

 

 

For further information, please contact:

 

 Sebastiaan Berger                                      Via NSM Funds Limited

 Singer Capital Markets                                 Tel: +44 (0)20 7496 3000

 James Maxwell / Patrick Weaver (Corporate Finance)

 James Waterlow (Sales)

 NSM Funds Limited                                      Tel: +44 (0)1481 743030

www.ceibainvest.com (http://www.ceibainvest.com/)

 

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