Sustainable Capital PLC Sustainable Capital Plc Company Announcement
23 January 2024 - 1:08PM
RNS Non-Regulatory
Sustainable Capital PLC
23 January 2024
COMPANY ANNOUNCEMENT
Sustainable Capital Plc (the "Issuer")
Notice to holders of:
Sustainable Capital Plc 2021-F1 EUR Secured 8.00% NTS due 2024
ISIN GB00BMG7PR03
(together, the "2021-F1 Notes")
The 2021-F1 Notes are admitted to the official list of Frankfurt
Stock Exchange.
This announcement is made by the Issuer pursuant to Regulation
(EU) No. 596/2014 (the "Market Abuse Regulation") and Regulation
(EU) 2016/1055 (the "Implementing Technical Standards") relating
thereto.
Capitalised terms used but not defined herein have the meaning
given to them in the terms and conditions of the 2021-F1 Notes as
set out in the Supplemental Trust Deed dated 22 April 2021 relating
to the 2021-F1 Notes.
The Issuer announces that interest due on the 2021-F1 Notes on
21 January 2024 has not been made to holders of the 2021-F1 Notes.
This is in addition to the non-payment of interest due on 21 July
2023 and 21 October 2023.
The assets and security backing the 2021-F1 Notes are described
in the Investment Memorandum dated 6 April 2021 and principally
consist of contractual rights to income arranged by SMARTKAS
Project Finance B.V. (the "Borrower").
As a result of the non-payment of such amounts by the Borrower
to the Issuer, the Issuer has insufficient funds to pay interest on
the 2021-F1 Notes. No action has yet been taken by the Issuer
against the Borrower in respect of such payments. The obligation of
the Borrower to make such payments to the Issuer continues.
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(END) Dow Jones Newswires
January 23, 2024 08:08 ET (13:08 GMT)