R-LOGITECH Completes Share Sale and Repayment of Secured Mezzanine

Monaco, 24th June 2024 – R-Logitech S.A., a subsidiary of R-Logitech S.A.M. based in Luxembourg, has concluded the sale of a portion of its shares in Thaumas N.V. to its co-shareholders PMV and SFPIM. This sale facilitates the repayment of R-Logitech's secured mezzanine facility, which matured today. As a result of this transaction, the mezzanine facility is repaid, and R-Logitech is no longer the majority shareholder in Thaumas.

This transaction also marks the beginning of a joint effort by all three Thaumas shareholders to sell the entire 53% stake held by R-Logitech. The proceeds from this sale, after compensating the purchasers over the mezzanine repayment amount, will benefit R-Logitech's bondholders and new money providers. The company urges all bondholders to participate in the voting process closing today.