RCS - Invenio Capital PLC - Invenio Capital Plc Company Announcement

LMS CapitalAnnouncement

01/12/2021 11:10

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RNS Number : 2084U  Invenio Capital PLC  01 December 2021

COMPANY ANNOUNCEMENT

 

 

 Invenio Capital Plc (the "Issuer")

 

Notice to holders of:

 

Invenio Capital Plc 2020-F1 GBP Secured 10% NTS due 2025 ISIN GB00BN4H3G46

Invenio Capital Plc 2020-F1 EUR Secured 10% NTS due 2025 ISIN GB00BN4H3H52

Invenio Capital Plc 2020-F1 USD Secured 10% NTS due 2025 ISIN GB00BN4H3J76

(together, the "Series 2020-F1 Notes")

 

The Issuer announces that interest due on the 2020-F1 Notes on 30 November
2021 has not been made to holders of the 2020-F1 Notes.

 

The assets and security backing the 2020-F1 Notes are described in the
Investment Memorandum dated 25 January 2021 and principally consist of
contractual rights to income arranged by NQ Minerals Plc (the "Borrower").

 

As a result of the non-payment of such amounts by the Borrower to the Issuer,
the Issuer has insufficient funds to meet its obligations under the Series
2020-F1 Notes.

 

Commencement of administration of the Borrower

 

The Borrower was placed into administration by a unanimous vote of the
Directors of the Borrower on 9 August 2021, with Paul Cooper and Paul Appleton
of Begbies Traynor Group plc, appointed as Joint Administrators of the
Borrower with immediate effect.

 

The Issuer is liaising with the Borrower and the Joint Administrators
regarding the Issuer's position and is in the process of lodging claims with
the Joint Administrators.  The Issuer is also considering its position in
respect of other companies within the Borrower's group.  Further information
will be provided to Noteholders in due course.

 

Distributions to Noteholders

 

To the extent that distributions are made to the Issuer pursuant to the
Administration of the Borrower, all monies received in respect of the Notes or
recovered by the Issuer shall be applied in accordance with the Terms and
Conditions of the Series 2020-F1 Notes.

 

The 2020-F1 Notes are admitted to the official list of the Frankfurt Stock
Exchange.

 

Capitalised terms used but not defined herein have the meaning given to them
in the terms and conditions of the 2020-F1 Notes as set out in the
Supplemental Trust Deed dated 7 December 2020 relating to the 2020-F1 Notes.

 

The information contained within this announcement is deemed by the Issuer to
constitute inside information stipulated under the Market Abuse Regulation
(EU) No. 596/2014, as amended by The Market Abuse (Amendment) (EU Exit)
Regulations 2019. Upon the publication of this announcement via a regulatory
information service, this inside information is now considered to be in the
public domain.

 

 

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