REG - EPE Special Opps Ltd EPE Special Opp-EO.P EPE Special Opp-EL.P - Amendment and Extension of Unsecured Loan Notes

EPE Special OpportunitiesAnnouncement

18/07/2024 07:00

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RNS Number : 8037W  EPE Special Opportunities Limited  18 July 2024

EPE Special Opportunities Ltd

Amendment and Extension of Unsecured Loan Notes

 

EPE Special Opportunities Ltd ("ESO") announces that:

 

i.    holders of 75% or more of the principal amount of ESO's outstanding
7.5% Unsecured Loan Notes due 2024 with ISIN GB00BF0XD821 (the "Notes") have,
in accordance with Clauses 1.1(b) and 2 of Schedule 2 to the Loan Note
Instrument dated 23 July 2015 constituting the Notes (the "Loan Note
Instrument"), passed extraordinary written resolutions authorising ESO to (i)
make certain modifications to the Loan Note Instrument and (ii) execute a deed
of amendment in respect of the Loan Note Agreement in order to give effect to
such modifications;

 

ii.    ESO yesterday executed such deed of amendment with immediate effect;
and

 

iii.   the effect of the modifications to the Loan Note Instrument is that:

 

(a) the final repayment date in respect of the Notes shall fall on 23 July
2025 (being the tenth anniversary of the Loan Note Instrument and also a
business day);

 

(b) ESO shall, subject to certain conditions set out in the Loan Note
Instrument, have the right, exercisable on or prior to 30 June 2025, to extend
the final repayment date in respect of the Notes to 23 July 2026 (being the
ninth anniversary of the Loan Note Instrument and also a business day); and

 

(c) The Notes shall henceforth be referred to as ESO's outstanding 8.0%
Unsecured Loan Notes due 2025.

 

The information set out in this announcement summarises the amendments made to
the Loan Note Instrument, is not legally binding, and does not purport to
modify the Loan Note Instrument or the Notes. Noteholders should refer to the
provisions of the amended Loan Note Instrument for precise information on
their rights and obligations under the Notes. The provisions of the amended
Loan Note Instrument will be posted on ESO's website (
www.epespecialopportunities.com (http://www.epespecialopportunities.com) ).

 

The person responsible for releasing this information on behalf of ESO is
Amanda Robinson of Langham Hall Fund Management (Jersey) Limited.

Enquiries:

 

 EPIC Investment Partners LLP                   +44 (0) 207 269 8865
                                                Alex Leslie

 Langham Hall Fund Management (Jersey) Limited  +44 (0) 153 488 5200

                                                Amanda Robinson

 Cardew Group Limited                           +44 (0) 207 930 0777

Richard Spiegelberg

 Numis Securities Limited                       +44 (0) 207 260 1000
 Nominated Advisor:                             Stuart Skinner
 Corporate Broker:                              Charles Farquhar

 

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