Nicosia, 5 November 2024
ANNOUNCEMENT
CLARIFICATIONS ON THE CORRECT REPETITION OF THE PUBLICATION OF THE
ADMISSION DOCUMENT FOR THE ADMISSION OF THE SHARES OF "PHOENIX VEGA MEZZ PLC" FOR TRADING ON THE EN.A. PLUS SEGMENT OF THE ALTERNATIVE MARKET OF THE ATHENS STOCK EXCHANGE
By virtue of this announcement, Phoenix Vega Mezz PLC ("Phoenix Vega Mezz" or the "Company") informs the investment community of the correct repetition of the Admission Document drafted for the Αdmission of the Company's shares on the EN.A. PLUS segment of the Alternative Market of the Athens Stock Exchange. It is clarified that in the correct repetition of the Admission Document, the following corrections have been made:
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On page 5 of the Admission Document, the definition of "Notes Trustee" has been redrafted by replacing the reference to "the representative of the holders of Class B1 Mezzanine Notes" with the correct reference to "the Committee". Accordingly, the definition reads as follows:
"Notes Trustee means Citibank, N.A., London Branch, acting as the Notes Trustee under the terms of the Trust Deeds or any other person who may from time to time be appointed as the Notes Trustee. The Trustee acts as a representative of the noteholders, ensuring their interests and the compliance of all parties involved with the provisions of the documents of the respective Securitization. In addition, the Trustee implements actions, upon instruction of the representative of the Senior Noteholders, such as the activation of the guarantee of the Greek State (HAPS), and / or the Committee, including the replacement of the Servicer." -
On page 27 of the Admission Document, the last paragraph regarding the right to redeem the Notes prior to their maturity date has been redrafted. In particular, the reference to "the Class B1 Mezzanine Noteholders" has been replaced with the correct reference to "Mezzanine Noteholders" and an explanatory bracket has been added to explain the redemption amount of the Notes in this case. As a result, the paragraph has been redrafted to read as follows:
"The Notes are either repaid at maturity with the payment of the outstanding capital, (initial nominal value reduced by any capital payments) plus any accrued interest, or earlier for other reasons provided in the securitization documents or due to the activation of the Mezzanine Noteholders' right to acquire the Notes (case in which the Contributed Notes are redeemed at the initial coverage amount reduced by the realized capital payments, increased in the case of the Mezzanine Notes with the accrued interest). The maturity of the Notes issued by Vega 1 is set for August 2074; the maturity of the Notes issued by Vega 2 is set for May 2050; The maturity of the Notes issued by Vega 3 is set for May 2050; and the maturity of the Notes issued by Phoenix is set for November 2063. If, on the maturity date of the Notes,
there are outstanding interest and / or capital balances, the receivables from the Notes are declared due and payable and there are collateral on the securitized receivables, bank accounts and other active assets in favor of the Noteholders. It is noted, however, that the liabilities of the Issuers under the Notes are limited to the value of the above mentioned collaterals."
In all other respects, the contents of the Admission Document remain valid and unchanged.
The Admission Document incorporating the aforementioned corrections is attached to this announcement and is available in electronic form on the website of the Athens Stock Exchange S.A. (https://www.athexgroup.gr/web/guest/companies-new-listings) and the Company (www.phoenixvegamezz.com.cy).