ILBE (“Iervolino and Lady Bacardi S.p.A.”, previously called “Iervolino Entertainment S.p.A.”), clarifies that, with regard to the approval by the Board of Directors of the issuance of a non-convertible bond loan announced on 16 July 2021, the purposes of the issuance are to invest in film and audiovisual works. It is further noted that the subscribers should be a leading banking institution and a leading institutional investor.

More details will be provided once the bond is issued, expected by the end of July 2021.

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