The management team of LRC and UNB has made the choice to give people who previously bought the LRC the opportunity to exchange it for the UNB.
It is not an obligation but a voluntary choice to exchange the LRC for the UNB.
Due to the Corona Crisis, all sectors of society worldwide are hit hard. This also applies to the holiday sector. People are waiting to make bookings. Apart from that, the construction of the chalets has also fallen behind. All in all a delaying factor for the LRC process.
For the above reason, you now have the choice to exchange the purchased LRC to UNB.
As announced, the UNB will actually be tradable on May 1, 2020 on the exchange and via the platform of United Bull Traders.