Last checked at 1 Nov 2022 16:35
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 8.50 PER CENT. BONDS DUE 2023 (the "Bonds") (ISIN: XS1112834608) - Delay in Coupon Payment
1 November 2022
Eros Media World PLC (formerly, Eros STX Global Corporation) (the "Company") hereby gives notice that, due to ongoing administrative issues flowing from its demerger with STX Entertainment, it has not yet made the coupon payment on the Bonds which was due on 17 October 2022, and payable by 31 October 2022.
The Company is committed to rectifying this delay in payment of the coupon as soon as possible and will do so shortly. U.S. Bank Trustees Limited (as Trustee in respect of the Bonds) have been notified of this delay.
For further information, please contact:
Investor Relations Team
Email: Investors@ErosIntl.com
Contact Number: +91.22.66021500
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.
About Eros Media World Plc
Eros Media World Plc, ("Eros", the "Company") (NYSE: EMWP) is a global media and entertainment company that acquires, co-produces and distributes films, digital content and music across multiple formats such as theatrical, television, OTT digital media streaming and emerging web 3.0 ecosystem to consumers around the world. The Company also owns the leading South Asian OTT platform Eros Now, which has rights to over 12,000 films across major Indian languages. For further information, please visit www.ErosMediaWorld.com