European Lingerie Group AB announces delay in delivery of annual report 2019

On 29 April 2020 European Lingerie Group AB (the "Company" and together with its subsidiaries from time to time, the “Group”) announced that it would not be able to deliver its annual audited financial statements for the year 2019 on or prior to 30 April 2020 as previously communicated in its reporting calendar due to uncertainty related to Covid-19 situation and its impact on the financial position of the Company. Furthermore, the Company announced, that it has ongoing discussions with certain holders of the Bonds and other investors to find solutions for the Group which are required to be completed prior to annual report release.

However, as the Company has not yet reached an agreement with the holders of the Bonds to date, it will not be able to deliver its annual audited financial statements for the year 2019 on 30 June 2020, as previously announced. The expected date of delivery of the annual audited financial statements for the year 2019 is 20 July 2020.

This information is information that European Lingerie Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 17:30 CET on 30 June 2020.

For more information, please contact:

Baiba Birzniece
Head of M&A, Strategy and Investor Relations
European Lingerie Group AB

+371 2609 4605
baiba.birzniece@elg-corporate.com

 

European Lingerie Group AB (ELG) is a fully vertically integrated intimate apparel and lingerie group with main production located in the Baltics, Hungary and Germany and with sales worldwide in 46 countries and online. The Group produces fabrics for lingerie garments under the brand Lauma Fabrics and supplies leading lingerie manufacturers in Europe and rest of the world. The Group designs, manufactures and sells branded its own premium lingerie under the brands Conturelle, Felina and Senselle. ELG also owns Dessus-Dessous, the largest online retailer of lingerie and swimwear in France. The Group is headquartered in Stockholm, Sweden. More information available at www.elg-corporate.com.

About Us

European Lingerie Group AB (ELG) is a fully vertically integrated intimate apparel and lingerie group with main production located in the Baltics, Hungary and Germany and with sales worldwide in 46 countries and online. The Group produces fabrics for lingerie products under the brand Lauma Fabrics and supplies leading lingerie manufacturers in Europe and rest of the world. The Group designs, manufactures and sells branded premium lingerie under the brands Felina, Conturelle and Senselle. ELG also owns Dessus-Dessous, the largest online retailer of lingerie and swimwear in France. The Group is headquartered in Stockholm, Sweden. More information available at www.elg-corporate.com.

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