Pursuant to 9.1 (d) of the Conditions LBI hereby confirms, as the Euro Equivalent Available Cash, as determined on a Determination Date in respect of a Payment Date, is lower than the Distribution Threshold, LBI has decided not to make a payment of principal to the Bondholders on 15 June 2022 and to postpone such payment of principal until the scheduled Payment Date on 15 December 2022 unless postponed further.
LBI’s Management Accounts for Q1 2022 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. There were no material developments during the quarter ended 31 March 2022 and LBI will therefore not be hosting an investor call at this time.
LBI’s Financial Statements 2021 and investor call presentation have 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 22 April 2022 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 email@example.com no later than 18:00 (GMT), 19:00 London (BST) and 14:00 New York time (EST) on Wednesday 20 April 2022.
In accordance with Art. 17.1 of LBI's ehf. Articles of Association the Annual General Meeting of LBI ehf., reg. no. 540291-2259, will be held at LBI's ehf. registered offices at Ármúli 21, 108 Reykjavík, on 28 April 2022. The meeting will commence at 10.00 AM.