MOBYLIFE TO SUSPEND INTEREST PAYMENTS ON ITS NOTES PENDING THE OUTCOME OF DISCUSSIONS WITH ITS CREDITOR COMMITTEE

COMPANY ANNOUNCEMENTMOBYLIFE TO SUSPEND INTEREST PAYMENTS ON ITS NOTES PENDING THE OUTCOME OF DISCUSSIONS WITH ITS CREDITOR COMMITTEE Copenhagen, 22 February 2018Reference is made to the company announcement dated 9 February 2018 of Mobylife Holding A/S ("Mobylife"), announcing its...

London, 22/02/2018 (informazione.it - comunicati stampa - telecomunicazioni)

Reference is made to the company announcement dated 9 February 2018 of Mobylife Holding A/S ("Mobylife"), announcing its intention to hold discussions with the holders of its senior secured notes (ISIN SE0005936382) (the "Notes") in relation to a potential amendment to Mobylife's capital structure.

Mobylife can confirm that it has commenced discussions with a committee of Noteholders whose holdings represent nearly 50 per cent. of the total outstanding nominal amount of the Notes, and those discussions are currently ongoing.

Given the ongoing discussions, Mobylife has decided that it would not be appropriate at this stage to make the payment of interest due under the terms and conditions of the Notes on 23 February 2018, and has suspended such payment pending a conclusion of discussions with the Noteholder committee. The outcome of such discussions will be announced by Mobylife in due course.

For further information, enquiries should be directed to:

Anna Litewka
Email:    trustee@intertrustgroup.com
Tel:        +46 (0)8 402 72 11

Jakob Kraglund, CEO
Email:    jakob.h.kraglund@mobylife.dk
Tel:        +45 2392 3724

Jacob Halberg, CFO
Email:    jacob.halberg@mobylife.com
Tel:        +45 5314 4133

Vilhelm Hahn-Petersen, Partner
Email:    vhp@catacap.dk
Tel:        +45 2632 6420