Last checked at 3 May 2023 14:09
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT.
EROS MEDIA WORLD PLC
(incorporated as a limited company and registered in the Isle of Man under the Companies Act 2006 (Isle of Man) with company number 007466V)
£50,000,000 9.00 per cent. Unsecured Bonds due 2026
(ISIN: XS1112834608) (the "Bonds")
Delay in Payment of Coupon and Consent Fee
Eros Media World PLC (the "Company") hereby gives notice that it has not yet made the coupon payment on the Bonds which was due to be paid on 17 April 2023. This has also resulted in a delay in payment of the Consent Fee (as defined in the Repurchase and Consent Solicitation Memorandum dated 8 March 2023).
The Company is holding the funds to make these payments within the Eros group and its 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.
M&G Trustee Company Limited (as Trustee in respect of the Bonds) has been notified of this delay.
Capitalised terms used and not defined in this notice have the meaning given to them in.
Eros Media World PLC
3 May 2023.