Proposed Extension of Unsecured Loan Notes

EPE Special Opportunities Limited

30 June 2023

 

EPE Special Opportunities Ltd

Proposed Extension of Unsecured Loan Notes

EPE Special Opportunities Ltd ("ESO") announces that pursuant to clause 5.1(b) of the Loan Note Instrument dated 23 July 2015 and amended on 20 July 2022 (the "Loan Note Instrument"), ESO has notified holders of its 7.5% Unsecured Loan Notes due 2023 with ISIN GB00BF0XD821 (the "Notes") of its intention to extend the final repayment date of the Notes to the ninth anniversary of the date of the Loan Note Instrument.

Accordingly, provided ESO is in compliance with the Loan Note Instrument as at 23 July 2023:

i.      pursuant to clause 5.1(b) of the Loan Note Instrument, the final repayment date of the Notes will, with effect from 23 July 2023, be extended to the ninth anniversary of the date of the Loan Note Instrument, being 23 July 2024; and

ii.     in accordance with clause 4.5 of the Loan Note Instrument, the interest rate in respect of the Notes applicable to the period from (but not including) 23 July 2023 until (and including) 23 July 2024 will, with effect from 23 July 2023, increase to 8.0 per cent per annum.

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	[phone]
	Alex Leslie
Langham Hall Fund Management (Jersey) Limited	[phone] Amanda Robinson
Cardew Group Limited	[phone]
	Richard Spiegelberg
Numis Securities Limited	[phone]
Nominated Advisor:	Stuart Skinner
Corporate Broker:	Charles Farquhar

 

END