Further re Second Amendment of Bond Instrument
Summary by AI BETAClose X
CEIBA INVESTMENTS LIMITED
(the "Company")
(TICKER CBA, ISIN: GG00BFMDJH11)
Legal Entity Identifier: 213800XGY151JV5B1E88
FURTHER RE: SECOND AMENDMENT OF BOND INSTRUMENT (22 MARCH 2021)
Further to the Company's announcements of 13 and 27 February 2026, the Company announces that on 31 March 2026 it effected the payment of all interest payable up to that date under the €25,000,000 senior unsecured convertible bonds (the "Bonds"), of which an amount of €20,000,000 is presently outstanding.
The Bonds were created under a bond instrument executed on 22 March 2021, amended by a first amendment agreement executed 24 January 2025 and a second amendment agreement dated 27 February 2026 (the "Bond Instrument").
In accordance with the conditions of the Bond Instrument, as of 31 March 2026, the interest rate with respect to all outstanding segments (B, C, D and E) of the Bonds has increased from 10% to 15% per annum. Under the terms of the Bonds, the Company also has 20 business days from 31 March 2026 to pay the €5,000,000 principal amount to liquidate Segment B of the Bonds and avoid payment of penalty interest at an additional rate of 5% per annum (on top of the new interest rate of 15% per annum) accruing until the principal amount of Segment B has been paid.
In the RNS Announcement of 23 March 2026, the Company published a Circular, including a notice convening a general meeting of the Company's shareholders to be held on 14 April 2026 (the "EGM"), in order to seek shareholder authority to issue and allot new ordinary shares and disapply pre-emption rights for up to 20% of current issued share capital, in order to strengthen the Company's financial position, support ongoing operations and align with the revised arrangements agreed with holders of the Bonds.
If the EGM adopts the proposal to issue and allot new ordinary shares and the Company is successful in placing such shares permissible under this new authority the initial proceeds of any placement will be used to pay the principal amount of Segment B of the Bonds.
For further information, please contact:
Sebastiaan Berger Via NSM Funds Limited
Singer Capital Markets Tel: +44 (0)20 7496 3000
James Maxwell / Patrick Weaver (Corporate Finance)
Sam Geatrex (Sales)
NSM Funds Limited Tel: +44 (0)1481 743030
END OF ANNOUNCEMENT
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