We would like to provide investors with an update on the status with Easy Debt Service (EDS).
Regarding the principal repayment of ISIN LVX0000MARM2, which we reported in our previous update, the associated interest and penalty payments for this bond have now been received from EDS and distributed to investors.
EDS has also informed us that not all of the advance payment expected from the real estate buyer has yet been received. Based on the amounts obtained so far, EDS expects to transfer at least an additional EUR 200,000 to Mintos during July. We will confirm the exact allocation once the payment is received and instructions are provided.
We have also issued an additional Event of Default Notice regarding the bonds that matured on 3 July. This is a protective step that preserves investors' legal position and may support further action if EDS does not meet its outstanding obligations.
We remain in close contact with EDS, continue to monitor the progress of the property sale, and will provide further updates as soon as there are any material developments.