ALL INVEST SECURITIES LTD (the “Company”) would like to inform the investing public that today, it has received approval from the Cyprus Stock Exchange for the below amendments (indicated in points A and B below) to be effected in the terms of the 479.600 Non-Secured and Non-Guaranteed 10% coupon bonds due 2029 as well as to the remaining 20.400 bonds expected to be subsequently issued and admitted over a period of 12 months from the date of initial admission:
Decrease in the fixed interest rate on the nominal value of the bonds from 10% to 7.5% per annum; and
Increase in the number of Business Days from each corresponding Interest Payment Date within which Interest is payable, from five (5) Business Days to fifteen (15).
The above amendments are in accordance with the resolutions passed at the Extraordinary General Meeting of the Bondholders of the Company which took place on the 21st of August 2020 at the Company’s registered office. The amendments will be in effect from the Interest Payment corresponding to the month of September and onwards.
The Board of Directors, Trustee and Nominated Advisor of the Company are in agreement with the above amendments.
Please also see attached the relevant announcement.