Sixth (6th) Interest Period of the Non-Convertible Corporate Bond Loan 2020
In accordance with the terms of the Common Bond Loan dated 06.07.2020 (“the Common Bond Loan” or “the CBL”), as decided by LAMDA DEVELOPMENT S.A. (“the Company”) Board of Directors, the record date for the beneficiaries of interest for the Sixth (6th) Interest Period from 23.01.2023 until 21.07.2023 is set on Thursday July 20, 2023.
The date on which the bonds will trade without the sixth (6th) coupon (ex-coupon date) is Wednesday July 19, 2023.
The gross interest amount for the Sixth Interest Period is €5,409,777.78 equivalent to €16.9055555556 per each bond of €1,000 nominal value, which has been calculated at an annual interest rate of 3.40% (before tax) and corresponds to 320,000 bonds currently tradable on the organized market of the Athens Exchange.
The payment of the accrued interest to the bondholders will take place though the “HELLENIC CENTRAL SECURITIES DEPOSITARY S.A.” (ATHEXCSD) on Friday July 21, 2023, as follows:
1. Through the operators of the beneficiaries in the Dematerialized Security System (D.S.S.) (Banks and Securities firms) for the bondholders that have authorized their operators for the collection, according to the D.S.S. Operations Regulation and the ATHEXCSD relevant resolutions.
2. Especially in cases of interest payments a) to heirs of deceased beneficiaries whose titles are kept in the Deceased’s Account, under the management of ATHEXCSD according to section X part 2, b) in cases where the deceased holds his titles in a securities/brokerage firm under liquidation or in a special provisional transfer account, the payment of the amount due will be made: i) through ATHEXCSD within one (1) year from the date of payment (to the legal heirs after the completion of their legalization), and b) through a cash deposit in the Consignment Deposits and Loans Fund (TPD) after the lapse of one (1) year.
Note that in accordance with current legislation, the right to collect interest amount expires, if not collected within the time limit of five (5) years, and any relevant amount shall be reimbursed to the Hellenic Republic.