RCS - GLO Capital PLC - GLO Capital Plc Company Announcement

LMS CapitalAnnouncement

23/11/2021 11:25

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RNS Number : 2761T  GLO Capital PLC  23 November 2021

COMPANY ANNOUNCEMENT

 

 

GLO Capital Plc (the "Issuer")

 

Notice to holders of:

 

GLO Capital Plc 2018-F1 EUR Secured 5.50% NTS due 2023 ISIN GB00BG35H915

(together, the "2018-F1 Notes")

 

The 2018-F1 Notes are admitted to the official list of the Frankfurt Stock
Exchange.

 

This announcement is made by the Issuer pursuant to Regulation (EU) No.
596/2014 (the "Market Abuse Regulation") and Regulation (EU) 2016/1055 (the
"Implementing Technical Standards") relating thereto.

 

Capitalised terms used but not defined herein have the meaning given to them
in the terms and conditions of the 2018-F1 Notes as set out in the
Supplemental Trust Deed dated 20 November 2018 relating to the 2018-F1 Notes.

 

The Issuer announces that interest due on the 2018-F1 Notes on 20 November
2021 has not been made to holders of the 2018-F1 Notes. This is in addition to
the non-payment of interest due on 20 May 2021, 20 November 2020, 20 May 2020
and 20 November 2019.

 

The assets and security backing the 2018-F1 Notes are described in the
Investment Memorandum dated 20 November 2018 and principally consist of
contractual rights to income arranged by GLO Advisers Ltd ("GLO").

 

As a result of the non-payment of such amounts by GLO to the Issuer, the
Issuer has insufficient funds to pay interest on the 2018-F1 Notes. No action
has yet been taken by the Issuer against GLO in respect of such payments. The
obligation of GLO to make such payments to the Issuer continues.

 

No Event of Default (as defined in the terms and conditions of the 2018-F1
Notes) has been declared.

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