RESULT OF VOTE ON CHANGE OF BOND TERMS AND CONDITIONS LCS GROUP BV

LS,

Today, June 9, 2023, the period within which bondholders of LCS Group BV could vote on the proposal to change the bond conditions, as included in the invitation to the extraordinary meeting of bondholders and vote of May 31, 2023, and explained during the meeting of June 5, 2023.

The result of the vote is as follows:

  • Investors who jointly hold 684 bonds voted “in favor”.
  • Investors who jointly hold 16 bonds voted “against”.
  • The other investors abstained from voting.

The majority of investors who cast their votes therefore voted “in favor”.

This means that the bondholders have accepted the proposal below and the bond terms have been changed accordingly.

Issuer proposal and vote:

  1. The interest rate on the bonds will be reduced from 8,5% to 7%.
  2. The term of the bond loan will be extended from June 18, 2025 to June 30, 2028.
  3. The bonds are no longer subordinated to the bonds in the bond prospectus dated April 30, 2020 mentioned loans.

On the condition that the financing by HC becomes a reality, the adjusted bond conditions will come into effect on July 1, 2023.

Bondholder Interest Foundation (SOB)
June 9, 2023