RIS NOTIFICATION
To: The Irish Stock Exchange
28 Anglesea Street
Dublin 2
Ireland
Date: 16 August 2012
Lifetrade Life Settlements Limited (the "Issuer")
USD 500,000,000 fixed rate notes due 2018 (ISIN: IE00B6WC8450, SEDOL: B6WC845)
USD 200,000 profit participating notes due 2041 (ISIN: IE00B6WC8567, SEDOL: B6WC856)
(being together, the "Notes")
The Notes are admitted to trading on the Global Exchange Market of The Irish Stock Exchange Limited.
Directive 2003/6/EC of the European Parliament and of the Council of 28 January 2003 on insider dealing and market manipulation (market abuse), together with implementing Commission Directive 2003/124/EC of 22 December 2003 (as implemented in Ireland by the Market Abuse (Directive 2003/6/EC) Regulations 2005), requires disclosure of inside information relating to the Notes and the Issuer.
Capitalised terms used in this notice but not defined herein shall have the meanings given to such terms in each of the deed polls issued by the Issuer in relation to the Notes dated 28 March 2011 and the terms and conditions thereof.
The Issuer entered into the Loan and Security Agreement dated 28 March 2011 with, among others, Wells Fargo Bank, N.A., as administrative agent (the "Administrative Agent").
The Issuer hereby gives notice that the Administrative Agent served on the Issuer (in its capacity as a guarantor under the Loan and Security Agreement) a notice of public sale dated 8 August 2012 (the "Foreclosure Notice") arising from the occurrence of certain termination events pursuant to the Loan and Security Agreement.
Subsequent to the service of the Foreclosure Notice, the Issuer and the Administrative Agent, as well as relevant other parties, entered into a settlement agreement (the "Settlement Agreement") on 14 August 2012, pursuant to which a consensual foreclosure process has been agreed in respect of the various rights and obligations arising under, among others, the Loan and Security Agreement and certain other relationships and arrangements of the Issuer.
For queries related to the above please contact:
Lifetrade Life Settlements Limited
2nd Floor
Beaux Lane House
Mercer Street Lower
Dublin 2
Fax: +353 1 697 3300
Attn: the Directors
For and on behalf of
Lifetrade Life Settlements Limited
This announcement has been issued through the Companies Announcement Service of
the Irish Stock Exchange.