Further to the Cautionary Announcement published on 27 November 2019 by Lavastone Ltd (“Lavastone” or the “Company”) regarding the implementation of a secured note programme, the Company is pleased to announce to the public, pursuant to rule 4(3) of the Securities (Preferential Offer) Rules 2017, that the shareholders of the Company have approved at a Special Meeting held on 10 July 2020 (a) the secured notes programme of an aggregate amount of up to MUR 1.5 billion and (b) the issuance of notes thereunder, by way of a private placement.
By order of the Board
Cim Administrators Ltd
Company Secretary
10 July 2020