iFinance PCC Plc
Company Registration Number 114344
(hereinafter the “Company”)
6th February 2019
NOTICE TO THE HOLDERS OF PERFORMANCE SOLUTION ETD
ISIN MT0001131201
Dear Investor,
Notice is hereby given to all investors of the securities named PERFORMANCE SOLUTION EUR ASSET BACKED ETD (ISIN MT0001131201) (“ETD Units”) issued by iFinance PCC PLC (the “Company”), bearing registration number 114344, that the board of directors of the collateral obligor i.e. ETD Malta Ltd on behalf of compartment 6, has notified the Company that it has received a resolution from the issuer of the underlying investment that the latter had resolved to re-purchase all outstanding debt held by ETD Malta Compartment 6, which will take place in 2019.
Additionally, the issuer of the debt has notified ETD MALTA Ltd that there will be no coupon payment for the interest due 2018 and 2019 and it expects the outstanding debt to be repaid within 6 months.
Investors’ attention is brought to the fact that the Final Terms of PERFORMANCE SOLUTION EUR ASSET BACKED ETD (ISIN MT0001131201) contain the lockup clause, the said lock up expires in 2021.
The Company may proceed with early repayment with the condition NONE of the investors will object to early repayment. However, the investors are notified by this notice that, if rejection occurs, the Company will process the payment of the redemption amount in the second semester of 2021 and the final redemption amount will be affected by negative interest charge. This means, that in case of an objection to an early repayment not only would investors receive the final redemption amount later but also would the final redemption amount – due to negative interest rates and other charges
If no rejection is received by the Company by no later than 06.05.2019, The board of directors of the Company will pay out any proceeds to the Investors within five (5) Business Days from receipt of the funds from the ETD Malta Ltd obo Compartment 6.
If you as Investor whish to object to the change in Final Terms, please fill in the form annexed to this notice, sign and send a copy to [email protected]
If no objections will be received and once the Company in respect of linked Cell 1 is in possession of all the ETD Units issued and proceeds paid out to investors (after deduction of costs), the board of directors of the Company will destroy all the ETD Units named PERFORMANCE SOLUTION EUR ASSET BACKED ETD (ISIN MT0001131201) and to subsequently close linked Cell 1.
Signed and executed on the: 6th February, 2019 by:______________________________
Andreas Wolfl
Director
iFinance PCC Plc
Company Registration Number 114344
(hereinafter the “Company”)
Following the receipt of the notice to investors dated 05.02.2019 in respect to instrument named PERFORMANCE SOLUTION ETD with ISIN MT0001131201
BY SIGNING BELOW, I HEREBY CONFIRM THAT I OBJECT TO EARLY REDEMPTION OF THE INSTRUMENT PERFORMANCE SOLUTION ETD with ISIN MT0001131201 , issued by IFINANCE PCC PLC, AND EXPRESS MY INTEREST TO KEEP THE LOCK UP PERIOD CLAUSE UNCHANGED AS IT IS STIPULATED IN THE FINAL TERMS:
11.Lock-In Period: 5 years.
12.Redemption Valuation Day: Subsequent to the lapse of the Lock-In Period, the last Business Day in June of every calendar year.
Full Name and Address of the Investor: i
Number of Securities held:
Signature of Investor:
Date:
To be completed by Issuer:
Received on:
i Insert the name of the holder, may be the name of the nominee account holder (investment firm)