Sky PLC EMTN Accession of Guarantor (2014 Notes) (0788R)

TIDMSKY

RNS Number : 0788R

Sky PLC

06 December 2016

IMPORTANT NOTICE TO NOTEHOLDERS

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS IMMEDIATELY.

EUR1,500,000,000 1.500 per cent. Guaranteed Notes due 2021 (ISIN: XS1109741246)

EUR1,000,000,000 2.500 per cent. Guaranteed Notes due 2026 (ISIN: XS1109741329)

EUR850,000,000 1.875 per cent. Guaranteed Notes due 2023 (ISIN: XS1141969912)

GBP450,000,000 2.875 per cent. Guaranteed Notes due 2020 (ISIN: XS1141970092)

GBP300,000,000 4.000 per cent. Guaranteed Notes due 2029 (ISIN: XS1141970175)

EUR400,000,000 2.750 per cent. Guaranteed Notes due 2029 (ISIN: XS1143502901)

EUR600,000,000 Guaranteed Floating Rate Notes due 2020 (ISIN: XS1212467911)

(together the "Notes")

issued by Sky plc (formerly known as British Sky Broadcasting Group plc) and guaranteed by, amongst others, Sky UK Limited under the GBP10,000,000,000 Guaranteed Euro Medium Term Note Programme (the "Programme")

This notice is delivered to you in respect of the Notes constituted by the Trust Deed dated 5 September 2014, as amended, supplemented and/or restated from time to time (the "Trust Deed") and made between Sky Group Finance plc (formerly known as BSkyB Finance UK plc) ("Sky Finance") and Sky plc (formerly known as British Sky Broadcasting Group plc) ("Sky") as issuers, Sky Finance, Sky, Sky UK Limited (formerly known as British Sky Broadcasting Limited) ("Sky UK") and Sky Subscribers Services Limited (together, the "Initial Guarantors") and BNY Mellon Corporate Trustee Services Limited (the "Trustee"). Sky Telecommunications Services Limited ("STSL"), Sky In-Home Service Limited ("SHS", and together with the Initial Guarantors and STSL, the "Original Guarantors") have previously acceded to the Trust Deed and the Notes as additional guarantors. All words and expressions defined in the Trust Deed shall (save as otherwise provided herein or unless the context otherwise requires) have the same meanings herein.

In accordance with the provisions of the Trust Deed, SHS has been fully and unconditionally released from all obligations under its guarantee of Indebtedness for money borrowed in excess of GBP50,000,000 and, accordingly, SHS is deemed to be released from all obligations under its guarantee of the outstanding Notes (the "Release").

In addition, as a result of Sky CP Limited ("Sky CP") guaranteeing other Indebtedness for money borrowed in excess of GBP50,000,000, Sky has procured, in accordance with the provisions of the Trust Deed, the accession of Sky CP as a guarantor in respect of the Notes (the "Accession").

To record the Release and effect the Accession, the relevant parties have entered into a third supplemental trust deed (the "Third Supplemental Trust Deed") dated 5 December 2016 to the Trust Deed and entered into a third supplemental agency agreement (the "Third Supplemental Agency Agreement") dated 5 December 2016 to the Agency Agreement dated 5 September 2015 (as amended, supplemented and/or restated from time to time) originally entered into between, amongst others, Sky, Sky Finance, the Trustee and The Bank of New York Mellon, acting through its London branch.

Copies of the Third Supplemental Trust Deed and the Third Supplemental Agency Agreement are available for inspection at the office of Sky and each of the Paying Agents.

Dated: 6 December 2016

This information is provided by RNS

The company news service from the London Stock Exchange

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December 06, 2016 04:02 ET (09:02 GMT)