This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
Benson Securities Limited - Amendment to unsecured redeemable loan notes and deferral of interest payments
Hamilton, Bermuda – 07 May 2020 – Benson Securities Limited (the “Company”) has advised the Bermuda Stock Exchange (the “BSX”) of an amendment to the BSX listed unsecured redeemable loan notes and deferral of interest payments.
The Company has decided to amend the GB£9,775,000 8% Unsecured Series 1 Loan Notes due 2033 (the "Note Instrument") to reflect that the deferral of interest payments can occur on a per- Noteholder basis
Further the Company has also decided to defer the interest payments due on the 31 October 2020 in relation to the GB£50,000,000 unsecured redeemable loan note programme (the "Notes").
The decision to defer the interest payments due on 31 October 2020 was approved by a unanimous written resolution of the Board passed on 6 May 2020, until 30 April 2022. Such action was necessary in response to the COVID-19 outbreak