LBI’s Financial Statements 2024 has been made available on LBI’s website under https://www.lbi.is/financial-info.

LBI will host an investor call to present and discuss the results on Friday 4 April 2025 at 14:00 (GMT), 15:00 London (BST) and 10:00 New York time (EST).

Please note that shareholders of LBI will need to register in advance to participate in the call by sending an email to ir@lbi.is no later than 18:00 (GMT), 19:00 London (BST) and 14:00 New York time (EST) on Tuesday 1 April 2025.

Pursuant to 9.1(c) of the Conditions, and in furtherance of the Payment Notice issued on the 3 December 2024, the Issuer hereby notifies the Noteholders that the final amount of Euro Equivalent Available Cash paid on the 13 December 2024 will be €5,000,000.

Terms defined in this notice shall be constructed in accordance with the conditions set out in the Schedule 1 to the Trust Deed, dated March 23rd, 2016 and made between the Issuer, the Trustee and the U.S. Trustee (the “Conditions“) (as amended in a noteholder meeting on 28 November 2016).

Pursuant to the Condition 9.1(b) of the Conditions, the Issuer hereby notifies the Noteholders of a payment which will be applied in partial redemption of the Notes on the Payment Date of 13 December 2024. The estimated Euro Equivalent Available Cash for this payment is € 5,000,000.

LBI’s Management Accounts for Q3 2024 have been made available on LBI’s website under https://www.lbi.is/financial-info.

LBI will be hosting investor calls going forward when there are material developments to report on. 

LBI’s has on 1 October 2024 decided to initiate a partial conversion of EUR 100,901,040.54 of Bonds into new 1,009,010 new Class A shares (equity) at the nominal value of 0.01 EUR per share (total EUR 100.901.040,54 ) (the “Conversion”) according to authorization provided in Art. 6.2. and Art. 29 of the Company’s Articles of Association, and Art. 6.1.(a) of the Terms and Conditions of the Bonds (the “Conditions”). In addition, on 22 October 2024 85.05% of Bondholders have approved a written Extraordinary Resolution with respect to the partial conversion which was posted on LBI´s website on 1 October 2024.

Further to the above, the Board of Directors of the Issuer will, with reference to Article 6.2 of the Articles of Association and Condition 6.1(a) of the Conditions, increase the Issuer’s share capital by EUR 1,009,010 from EUR 14,171,890 to EUR 15,180,900 nominal value, by issuing 1,009,010 new Class A Shares each of a nominal value of EUR 0.01. The Conversion rate of the new shares shall be EUR 0.01 per share.