Eros Media World PLC - Bondholder Update

Eros Media World PLC

31 October 2023

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED (THE "UK MARKET ABUSE REGULATION").

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.

EROS MEDIA WORLD PLC
(formerly, EROS STX GLOBAL CORPORATION)

£50,000,000 9.00 PER CENT. BONDS DUE 2026 (the "Bonds") (ISIN: XS1112834608) - Delay in Coupon Payment

30 October 2023

Eros Media World PLC (formerly, Eros STX Global Corporation) (the "Company") hereby gives notice that it has not yet made the coupon payment on the Bonds which was due on 16 October 2023, and payable by 30 October 2023.

The Company's global treasury team is working to remit the funds internationally to satisfy the payments so that this situation will be resolved shortly, such that the Event of Default caused by the delay in the coupon payment will not be continuing. The Company will issue a further notice once the payments have been made.

The Company is committed to rectifying this delay in payment of the coupon as soon as possible and will do so shortly. M&G Trustees Limited (as Trustee in respect of the Bonds) have been notified of this delay.

Capitalised terms used and not defined in this notice have the meaning given to them in.

For further information, please contact:

Investor Relations Team

Email: [e-mail]

Important Information

This announcement is released by Eros Media World PLC and contains information that qualified or may have qualified as inside information for the purposes of the UK Market Abuse Regulation, encompassing information relating to the Bonds mentioned above. For the purposes of the UK Market Abuse Regulation, this announcement is made by Investor Relations Team at Eros Media World PLC.

The distribution of this announcement in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes must inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any jurisdiction.

This announcement does not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase any securities.

 

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