EQS-Ad-hoc: Lfeeder Designated Activity Company / Key word(s):
Miscellaneous
Lfeeder Designated Activity Company: NOTICE TO NOTEHOLDERS
29-Oct-2024 / 17:25 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.
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RIS NOTIFICATION
This announcement contains inside information and is made by the Issuer,
pursuant to Regulation (EU) No. 596/2014 (the "Market Abuse Regulation")
and Regulation (EU) 2016/1055 (the "Implementing Technical Standards")
relating thereto.
This notice is important and requires your immediate attention.
COMPANY NAME: LFEEDER DESIGNATED ACTIVITY COMPANY (THE "ISSUER")
HEADLINE: NOTICE TO NOTEHOLDERS
DATE: 29 OCTOBER 2024
Series LF32 USD 50,000,000 Bit5ive Mining Notes due 2052 (the "Notes" and
the holders thereof, the "Noteholders)
Common Code 248596040
ISIN Code XS2485960400
The Notes are listed on the Vienna MTF, a multilateral trading facility
operated by Wiener Börse AG.
Capitalised terms used but not otherwise defined in this notice shall have
the meanings ascribed to them in the Series Memorandum in relation to the
Notes dated 27 June 2022.
The Issuer issued the Notes on 28 June 2022, of which only USD275,000 were
placed with investors. Payments on the Notes are dependent on payments
being received by the Issuer in respect of the Class LD shares (the
"Shares") in Bit5ive Mining Fund KY Feeder Ltd (the "Underlying Entity")
acquired by the Issuer.
Notice is given that the Issuer has received notice from the Underlying
Entity that it is currently considering issuing a notice regarding the
repurchase of the Shares owned by the Issuer in the Underlying Entity for
a nominal value of USD1.00 and, following such action, that it is
contemplating the liquidation of the Underlying Entity due to its under
performance and because all of the USD275,000 raised under the Notes has
been spent by it in structure set-up, distributor payments and covering
all fund-related expenses.
According to the Conditions of the Notes, if the Shares are redeemed in
whole or in part on any date prior to the Originally Scheduled Maturity
Date, the Notes shall be redeemed on a pro rata basis on the fifth Payment
Business Day following the date on which the proceeds of redemption of the
Shares are received by the Issuer. The Issuer expects holders of Notes to
receive zero if their Notes are redeemed.
The Issuer may publish a further notice to Noteholders if it receives any
further information in respect of the situation of the Underlying Entity.
This notice is for informational purposes only and Noteholders are not
required to take any action at this time.
TRUSTEE
This Notice has not been formulated by the Trustee who expresses no view
on it and the Trustee expresses no opinion as to the actions (if any) the
Noteholders may take in respect of this Notice.
The information contained herein has not been independently verified by
the Trustee and the Trustee makes no representation that all relevant
information has been disclosed to Noteholders pursuant to this Notice. In
accordance with normal practice, the Trustee expresses no view as to the
truth, veracity, accuracy or completeness of the contents of this Notice.
Accordingly, the Trustee recommends that Noteholders consider seeking
their own financial, tax, accounting, investment and legal advice in
respect of this Notice.
No responsibility or liability is or will be accepted by the Trustee in
relation to the accuracy or completeness of this Notice or any other
written or oral information made available to any person receiving this
Notice or its advisers and any such liability is expressly disclaimed.
This Notice is made without prejudice to any and all of the Trustee's
rights under the Conditions of the Notes and the Transaction Documents
relating to the Notes, all of which are expressly reserved.
LFEEDER DESIGNATED ACTIVITY COMPANY accepts responsibility for the
information contained in this notice.
This notice is given by:
LFEEDER DESIGNATED ACTIVITY COMPANY
1st Floor, 1 Windmill Lane Dublin 2, D02 F206, Ireland
Contact details:
Lynk Capital Markets Ltd
Artemis House, 67 Fort Street,
PO Box 2775, Grand Cayman, KY1-1111,
Cayman Islands
Attention: Operations
Email: lynk.ops@lynkmarkets.com
Telephone No: +1 (646) 820 8001
This information is provided by RNS, the news service of the London Stock
Exchange. RNS is approved by the Financial Conduct Authority to act as a
Primary Information Provider in the United Kingdom. Terms and conditions
relating to the use and distribution of this information may apply. For
further information, please contact (1)rns@lseg.com or
visit (2)www.rns.com.
End of Inside Information
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29-Oct-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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Language: English
Company: Lfeeder Designated Activity Company
1st Floor, 1 Windmill Lane
D02 F206 Dublin
Ireland
E-mail: Lfeeder@ocorian.com
ISIN: XS2485960400
Listed: Vienna Stock Exchange (Vienna MTF)
EQS News ID: 2018487
End of Announcement EQS News Service
2018487 29-Oct-2024 CET/CEST
References
Visible links
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