Company announcement no 10/2024 Excess Free Cashflow Repayment
May 02 2024 - 6:12AM
Company announcement no 10/2024 Excess Free Cashflow Repayment
Excess Free Cashflow Repayment
Pursuant to clause 10.6 Excess Cashflow of the
Bonnd agreement the Idavang shall, if and when the aggregate Cash
Sweep Amount (relating to the financial years from 2023 and
on-wards) is above EUR 8,469,000, apply the Cash Sweep Amount in
excess thereof in redemption of the Bonds at a price equal to
102.3925 per cent. of the Nominal Amount redeemed.
The redemption will be carried out Pro rata as
follows:
Excess cashflow amount:
EUR 899,000
Redemption price:
102.3925% of the Nominal
Amount, plus accrued interest. (However, adjusted according to
rounding rules in the CSD)
Nominal Amount redeemed:
EUR
877,977
Excess Free Cashflow Repayment Date:
2024-05-08
Record Date:
2024-05-07
- Company announcement no 10 2024 Excess cash