European Lingerie Group AB announces non-payment of coupon payment due on 22 May 2020
As announced earlier, European Lingerie Group AB (the Company) is experiencing adverse financial circumstances as a consequence of the extraordinary world-wide events arising due to the COVID-19 pandemic. The Company has initiated actions to mitigate the effects of the virus to ensure that the Company can operate on a sustainable financial platform both during and after the pandemic. The Company is actively managing the liquidity situation during the crisis period and currently sees that there is no sufficient liquidity for the next coupon payment due on 22 May 2020.The non-payment of the