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European Lingerie Group AB publishes unaudited Second Quarter and First Half of 2021 Report

European Lingerie Group AB (“ELG” or the “Group“) publishes unaudited Second Quarter and First Half of 2021 Report (1 January – 30 June 2021), including condensed interim consolidated financial statements.The second quarter of 2021 showed positive progress for the Group. As European governments have announced gradual release of the lockdown restrictions, including re-opening of stores, this helped in recovering the turnover and moving closer to pre-COVID level of business. Irrespective of the COVID-19 imposed challenges, the Company has shown sufficient financial stability throughout the

European Lingerie Group AB announces delay in delivery of annual report 2020

European Lingerie Group AB (the “Company”) announces that it will have to delay the delivery of its annual audited financial statements for the year 2020.The Company hereby announces, that it is not able to deliver its annual audited financial statements for the year 2020 on 20 July 2021 as previously communicated in the press release of 1 July 2021. The Company’s publication of its annual audited financial statements for the year 2020 is planned by 30 July 2021. The information was submitted for publication, through the agency of the contact person set out below, at 16:20 CEST on 20

European Lingerie Group AB announces delay in delivery of annual report 2020

European Lingerie Group AB (the "Company") announces that it will have to delay the delivery of its annual audited financial statements for the year 2020.Due to the Company’s restructuring process whereby closing of the restructuring transaction occurred on June 29[th], the Company is not able to deliver its annual audited financial statements for the year 2020 on 30 June 2021 as previously communicated in the reporting calendar. After the closing of the transaction the Company’s auditors will now be able to complete their procedures and will proceed to auditors report issuance. The

European Lingerie Group AB completes voluntary restructuring of the company and its bonds and confirms bond redemption

Reference is made to European Lingerie Group AB’s ("ELG") press release published on 11 May 2021, whereby ELG announced the Bondholders’ approval in the Written Procedure for the restructuring of ELG and its bonds with ISIN SE0010831792 (the “Bonds”). All terms used but not defined herein shall have the meaning given to them in the notice to the Written Procedure.ELG hereby announces that First Closing of the Restructuring has been completed on 29 June 2021 and that a final redemption of the Bonds in an amount of EUR 21,000,000 will be completed, as approved by a requisite majority of the

European Lingerie Group AB provides updated information regarding the voluntary restructuring of the company and its bonds

European Lingerie Group AB ("ELG") announces that ELG, its subsidiaries SIA European Lingerie Group and LSEZ Lauma Fabrics SIA, its major shareholders Helike Holdings OÜ and Bryum Capital Ltd, the Bondholder Committee, Intertrust (Sweden) AB as agent representing the bondholders, AS Rietumu Banka as lender and its affiliated company RB ELG SIA as equity investor, today have entered into an agreement to extend the Lock-up Period (as defined in ELG’s press release of 14 April 2021) and the time period to complete the first closing of the restructuring of ELG and its bonds to 29 June 2021.ELG

European Lingerie Group AB publishes unaudited First Quarter 2021 Report

European Lingerie Group AB (“ELG” or the “Group“) publishes unaudited First Quarter 2021 Report (1 January – 31 March 2021), including condensed interim consolidated financial statements.“The first quarter of 2021 continued to be a challenging quarter for the Company. Most of our main markets were still hit by COVID-19 lockdowns and traditional shopping was restricted throughout the whole Europe. We are pleased to acknowledge that the management of the Group companies is responding quickly to the new reality and keeps managing the situation accordingly. Irrespective of the COVID-19 imposed

European Lingerie Group AB receives consent from the bondholders in the written procedure for its senior secured bonds 2018/2021

European Lingerie Group AB ("ELG") hereby announces that the written procedure initiated on 15 April 2021 of its maximum EUR 60,000,000 senior secured floating rate bonds 2018/2021 (ISIN: SE0010831792) (the “Bonds”) in order to obtain the bondholders’ consent to carry out a voluntary restructuring of ELG and its Bonds, as described in the notice of the written procedure , has been successfully concluded.The written procedure expired on 11 May 2021. A sufficient number of

Dirk De Vos joins Felina Group as Executive Commercial Director

As of April 19, 2021, Mr. Dirk De Vos joined Felina Group, part of the European Lingerie Group (ELG), as Executive Commercial Director. Mr. De Vos is a business executive with 25 years of experience in the apparel and fashion and cosmetics industry, having worked on an international level in Europe, the US, Middle East and Hongkong.Together with Mr. Thilo Stassen, Mr. De Vos will be in charge of the management of the Felina Group with a particular focus on the commercial side of the business. Mr. Thilo Stassen will continue to look after the areas of reorganization, finance, human resources,

Neeme Jõgi joins European Lingerie Group as CEO

Starting April 2021 Mr. Neeme Jõgi joined European Lingerie Group (“ELG” or “the Group) as Chief Executive Officer (CEO). Mr. Jõgi is an experienced executive with a proven track record of leading and growing large scale manufacturing businesses over the last 25 years.As the newest addition to European Lingerie Group (ELG) leadership, in his position as CEO Mr. Jõgi leads the Group Management Team and operations of the Group. As the Group CEO, Mr. Jõgi will be holding relevant appointments as a Board member in entities of ELG. “My responsibilities will cover as well as goals will be set

European Lingerie Group AB initiates a written procedure for its senior secured bonds 2018/2021

European Lingerie Group AB (“ELG” or “Company” and together with its subsidiaries from time to time, the “Group”) announces that today the Company has initiated a written procedure (the “Written Procedure ”) among the Bondholders of its up to EUR 60,000,000 (of which EUR 40,000,000 has been issued and is outstanding) senior secured floating rate bonds due 2021 with ISIN SE0010831792 (the “Bonds“) to request the Bondholders’ consent to carry out a voluntary restructuring of ELG and

European Lingerie Group AB informs on a voluntary restructuring of the company and its bonds

European Lingerie Group AB (“ELG” or “Company” and together with its subsidiaries from time to time, the “Group”) has previously announced that on 29 July 2020, ELG and its principal shareholders reached a standstill agreement and signed a standstill letter (“Standstill Letter”) with certain holders of the Bonds, today representing over 64 per cent of the Total Nominal Amount of the Bonds (the “Bondholder Committee“)*, regarding ELG’s defaults under the Terms and Conditions and also announced a cooperation between ELG and the Bondholder Committee to explore and execute a potential

European Lingerie Group AB informs on new terms of the Standstill Agreement

European Lingerie Group AB (“ELG” or “Company” and together with its subsidiaries from time to time, the “Group”) has previously announced that on 29 July 2020, ELG and its principal shareholders reached a standstill agreement and signed a standstill letter (“Standstill Letter”) with certain holders of the Bonds, today representing over 60 per cent of the Total Nominal Amount of the Bonds (the “Bondholder Committee“), regarding ELG’s defaults under the Terms and Conditions and also announced a cooperation between ELG and the Bondholder Committee to explore and execute a potential

European Lingerie Group AB publishes unaudited 12 Months and Fourth Quarter 2020 Report

European Lingerie Group AB publishes unaudited 12 Months and Fourth Quarter 2020 Report (January 1 – December 31, 2020), including condensed interim consolidated financial statements.ELG is pleased to publish its 12 months and fourth quarter 2020 report. “Despite a very challenging year behind us when our business was hit by COVID-19 impact we are pleased to announce that the overall business decreased by 17.8% showing a relatively good resistance towards negative external factors. The business diversification into various markets, our various segments as well as distribution channels

European Lingerie Group AB informs on new terms of the Standstill Agreement

European Lingerie Group AB (“ELG” or “Company” and together with its subsidiaries from time to time, the “Group”) has previously announced that on 29 July 2020, ELG and its principal shareholders reached a standstill agreement and signed a standstill letter (“Standstill Letter”) with certain holders of the Bonds, today representing over 60 per cent of the Total Nominal Amount of the Bonds (the “Bondholder Committee“), regarding ELG’s defaults under the Terms and Conditions and also announced a cooperation between ELG and the Bondholder Committee to explore and execute a potential

European Lingerie Group AB informs on new terms of the Standstill Agreement

European Lingerie Group AB (“ELG” or “Company” and together with its subsidiaries from time to time, the “Group”) had previously announced, that on 29 July 2020 ELG and its principal shareholders had reached a standstill agreement and signed a respective standstill letter (“Standstill Letter”) with certain holders of the Bonds, representing approximately 60 per cent of the Total Nominal Amount of the Bonds (the “Bondholder Committee“), regarding ELG’s defaults under the Terms and Conditions as well as a cooperation between ELG and the Bondholder Committee to explore and execute a potential

European Lingerie Group AB publishes unaudited 9 Months and Third Quarter 2020 Report

European Lingerie Group AB publishes unaudited 9 Months and Third Quarter 2020 Report (January 1 – September 30, 2020), including condensed interim consolidated financial statements.ELG is pleased to publish its 9 months and third quarter 2020 report. During the third quarter, the Group experienced rather stable recovery of its volumes and filled its production close to fully utilised capacity. “We are satisfied with the results of the reporting quarter and in some product groups we managed to trade even at the level above the same period last year. Q3 2020 showed that the measures

European Lingerie Group AB informs on new terms of the Standstill Agreement

European Lingerie Group AB (“ELG” or “Company” and together with its subsidiaries from time to time, the “Group”) had previously announced, that on 29 July 2020 ELG and its principal shareholders had reached a standstill agreement and signed a respective standstill letter (“Standstill Letter”) with certain holders of the Bonds, representing approximately 60 per cent of the Total Nominal Amount of the Bonds (the “Bondholder Committee“), regarding ELG’s defaults under the Terms and Conditions as well as a cooperation between ELG and the Bondholder Committee to explore and execute a potential

European Lingerie Group AB received consent from the bondholders in the written procedure to amend the terms and conditions of its senior secured bonds 2018/2021

European Lingerie Group AB ("ELG") hereby announces that the written procedure initiated on 13 August 2020 of its maximum EUR 60,000,000 senior secured floating rate bonds 2018/2021 (ISIN: SE0010831792) (the “Bonds”) in order to amend the terms and conditions for the Bonds (the “Terms and Conditions”) has been successfully concluded. Capitalised terms used but not defined herein shall have the meanings assigned to them in the Terms and Conditions.ELG has previously announced that it has ongoing discussions with certain holders of the Bonds (the "Bondholder Committee") representing

European Lingerie Group AB publishes unaudited 6 Months and Second Quarter Report for 2020

European Lingerie Group AB publishes unaudited 6 Months and Second Quarter 2020 Report (January 1 – June 30, 2020), including condensed interim consolidated financial statements.ELG is pleased to publish its 6 months and second quarter 2020 report. The performance during the second quarter was heavily impacted by COVID-19 and measures taken by local governments, whereby stores were temporarily closed and products of the group, therefore, lacked the traditional sales channel. As the result, the Group experienced drop in sales revenue, was forced to temporarily stop the production in its

European Lingerie Group AB publishes the yearbook, the annual report and the sustainability report for 2019

European Lingerie Group AB (ELG or the “Group”) publishes the audited Annual Report, the Sustainability Report and the Yearbook for the year ended 31 December 2019.“The delivery of the Annual Report 2019 was delayed due to the ongoing discussions with the Bondholders, but having finally agreed on the standstill and the best way forward to resolve complex situation of the Bonds, we were able to approve and sign it on 17 August 2020,” commented Mr. Indrek Rahumaa, CEO and Board member of the Group.  In 2019, the Group invested into property plant and equipment and intangible assets almost

European Lingerie Group AB announces approval of annual report 2019

On 20 July 2020 European Lingerie Group AB (the "Company" and together with its subsidiaries from time to time, the “Group”) announced that the expected date of delivery of its annual audited financial statements for the year 2019 would be 17 August 2020.The Group hereby announces that on 17 August 2020 it has duly approved and signed its annual audited financial statements for the year 2019 and those will be published on the Group’s website no later than on 27 August 2020. This information is information that European Lingerie Group AB (publ) is obliged to make public pursuant to the EU

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