Notice of Feeder Fund Redemption Event

 

TIDM87AE 
 
RNS Number : 5484N 
Cloverie PLC 
18 February 2009 
 
Company Announcement 
Cloverie PLC 
 (the "Issuer") 
 
 
 
 
1 North Wall Quay 
International Financial Services Centre 
Dublin 1 
Ireland 
 
 
 
 
Series 2006-16 
EUR 6,000,000 Rivera Dynamic Portfolio Insurance Notes due 2013 ("the Notes") 
(ISIN: XS0276791455) 
 
 
18th February 2009 
Notice of Feeder Fund Redemption Event 
NOTICE OF FEEDER FUND REDEMPTION EVENT 
 
 
Noteholders are referred to the Series Prospectus dated 18th December 2006 (the 
"Series Prospectus" as approved by the Financial Regulator) relating to the 
Notes and the Base Prospectus dated 10 July 2006, which sets out the Terms and 
Conditions upon which the Notes were issued. 
We have received (i) a notice dated 9 December 2008 from Connemeire Structured 
Funds Plc. on behalf of the directors of Riviera DPI Feeder No. 1 Fund 
announcing their election to redeem all outstanding Feeder Fund Shares on 10 
December 2008 and (ii) the redemption proceeds of the Feeder Fund Shares 
comprised in the Feeder Fund Shares Collateral. 
This redemption of the Feeder Fund Shares constitutes a Feeder Fund Redemption 
Event under the Terms and Conditions of the Notes. 
Accordingly, pursuant to Paragraph 40(d) of the Series Prospectus, notice is 
hereby given that Noteholders holding 100 per cent. of the Notes may direct the 
Issuer in writing to redeem the Notes in whole on the Early Redemption Date (as 
defined herein) (the "Noteholder's Option"). Noteholders wishing to exercise the 
Noteholder's Option may do so by giving notice to the Issuer and the Principal 
Paying Agent on any Business Day after the date of this Notice to and including 
23 February 2009 (being the date falling 7 Business Days prior to 4 March 2009 
(the "Notice Expiration Date")). Should the Noteholder's Option be exercised by 
23 February 2009, the Issuer shall redeem the Notes in whole by paying an amount 
equal to the relevant Redemption Amount (calculated in accordance with Paragraph 
40(d)(ii) of the Series Prospectus) in respect of each Note on the Notice 
Expiration Date (in this case such date shall be deemed the "Early Redemption 
Date"). 
If the Notes are to be redeemed on the Early Redemption Date, the Disposal Agent 
shall arrange for and administer the sale of the Collateral and the realisation 
of the proceeds thereof in accordance with Clause 19 of the Agency Agreement. We 
shall notify you as soon as reasonably practicable after the completion of such 
sale of the Redemption Amount payable (if any). 
If Noteholders holding 100 per cent. of the Notes do not exercise the 
Noteholder's Option by 23 February 2009, an amount equal to EUR 68,485.86 
calculated in accordance with Paragraph 40(d)(i) of the Series Prospectus, 
together with accrued interest on the Cash Account (if any), shall be paid out 
by the Issuer to the Noteholders as an additional amount (the "Additional 
Amount") on or around the Notice Expiration Date. For the avoidance of doubt, 
the Notes will thereafter continue to exist until redeemed in accordance with 
the Terms and Conditions of the Notes. 
Should we receive confirmation to our reasonable satisfaction at any date before 
23 February 2009 that any Noteholder does not wish to elect to exercise the 
Noteholder's Option we shall pay the Additional Amount (together with accrued 
interest on the Cash Account (if any)) to the Noteholders as soon as practicable 
thereafter. 
Words and expressions defined in the Series Prospectus relating to the Notes 
shall bear the same meanings in this notice, unless the context otherwise 
requires. 
This notice, and any non-contractual obligations arising out of or in connection 
with it, shall be governed by and construed in accordance with English law. 
For further information please contact: 
Citigroup Ireland Financial Services Plc 
1 North Wall Quay 
IFSC 
Dublin 1 
FAX: [phone] 
TEL: [phone] 
Company Announcement 
Cloverie PLC 
 (the "Issuer") 
 
 
 
 
1 North Wall Quay 
International Financial Services Centre 
Dublin 1 
Ireland 
 
 
Series 2006-13 
USD 10,000,000 Rivera Dynamic Portfolio Investment Notes due 2016 ("the Notes") 
(ISIN: XS0276533592) 
 
 
18th February 2009 
Notice of Feeder Fund Redemption Event 
Noteholders are referred to the Series Prospectus dated 18 December 2006 (the 
"Series Prospectus") relating to the Notes and the Base Prospectus dated 10 July 
2006, which sets out the Terms and Conditions upon which the Notes were issued. 
We have received (i) a notice dated 9 December 2008 from Connemeire Structured 
Funds Plc. on behalf of the directors of Riviera DPI Feeder No. 4 Fund 
announcing their election to redeem all outstanding Feeder Fund Shares on 10 
December 2008 and (ii) the redemption proceeds of the Feeder Fund Shares 
comprised in the Feeder Fund Shares Collateral. 
This redemption of the Feeder Fund Shares constitutes a Feeder Fund Redemption 
Event under the Terms and Conditions of the Notes. 
Accordingly, pursuant to Paragraph 40(d) of the Series Prospectus, notice is 
hereby given that Noteholders holding 100 per cent. of the Notes may direct the 
Issuer in writing to redeem the Notes in whole on the Early Redemption Date (as 
defined herein) (the "Noteholder's Option"). Noteholders wishing to exercise the 
Noteholder's Option may do so by giving notice to the Issuer and the Principal 
Paying Agent on any Business Day after the date of this Notice to and including 
23 February 2009 (being the date falling 7 Business Days prior to 4 March 2009 
(the "Notice Expiration Date")). Should the Noteholder's Option be exercised by 
23 February 2009, the Issuer shall redeem the Notes in whole by paying an amount 
equal to the relevant Redemption Amount (calculated in accordance with Paragraph 
40(d)(ii) of the Series Prospectus) in respect of each Note on the Notice 
Expiration Date (in this case such date shall be deemed the "Early Redemption 
Date"). 
If the Notes are to be redeemed on the Early Redemption Date, the Disposal Agent 
shall arrange for and administer the sale of the Collateral and the realisation 
of the proceeds thereof in accordance with Clause 19 of the Agency Agreement. We 
shall notify you as soon as reasonably practicable after the completion of such 
sale of the Redemption Amount payable (if any). 
If Noteholders holding 100 per cent. of the Notes do not exercise the 
Noteholder's Option by the Notice Expiration Date, an amount equal to USD 
232,514.03 calculated in accordance with Paragraph 40(d)(i) of the Series 
Prospectus, together with accrued interest on the Cash Account (if any), shall 
be paid out by the Issuer to the Noteholders as an additional amount (the 
"Additional Amount") on or around the Notice Expiration Date. For the avoidance 
of doubt, the Notes will thereafter continue to exist until redeemed in 
accordance with the Terms and Conditions of the Notes. 
Should we receive confirmation to our reasonable satisfaction at any date before 
23 February 2009 that any Noteholder does not wish to elect to exercise the 
Noteholder's Option we shall pay the Additional Amount (together with accrued 
interest on the Cash Account (if any)) to the Noteholders as soon as practicable 
thereafter. 
Words and expressions defined in the Series Prospectus relating to the Notes 
shall bear the same meanings in this notice, unless the context otherwise 
requires. 
This notice, and any non-contractual obligations arising out of or in connection 
with it, shall be governed by and construed in accordance with English law. 
For further information please contact: 
Citigroup Ireland Financial Services Plc 
1 North Wall Quay 
IFSC 
Dublin 1 
FAX: [phone] 
TEL: [phone] 
 
 
Company Announcement 
Cloverie PLC 
 (the "Issuer") 
 
 
 
 
1 North Wall Quay 
International Financial Services Centre 
Dublin 1 
Ireland 
 
 
 
 
Series 2006-14 
USD 3,000,000 Rivera Dynamic Portfolio Insurance Notes due 2013 ("the Notes") 
(ISIN: XS0276790994) 
 
 
18th February 2009 
Notice of Feeder Fund Redemption Event 
Noteholders are referred to the Series Prospectus dated 18 December 2006 (the 
"Series Prospectus" as approved by the Financial Regulator) relating to the 
Notes and the Base Prospectus dated 10 July 2006, which sets out the Terms and 
Conditions upon which the Notes were issued. 
We have received (i) a notice dated 9 December 2008 from Connemeire Structured 
Funds Plc. on behalf of the directors of Riviera DPI Feeder No. 4 Fund 
announcing their election to redeem all outstanding Feeder Fund Shares on 10 
December 2008 and (ii) the redemption proceeds of the Feeder Fund Shares 
comprised in the Feeder Fund Shares Collateral. 
This redemption of the Feeder Fund Shares constitutes a Feeder Fund Redemption 
Event under the Terms and Conditions of the Notes. 
Accordingly, pursuant to Paragraph 40(d) of the Series Prospectus, notice is 
hereby given that Noteholders holding 100 per cent. of the Notes may direct the 
Issuer in writing to redeem the Notes in whole on the Early Redemption Date (as 
defined herein) (the "Noteholder's Option"). Noteholders wishing to exercise the 
Noteholder's Option may do so by giving notice to the Issuer and the Principal 
Paying Agent on any Business Day after the date of this Notice to and including 
23 February 2009 (being the date falling 7 Business Days prior to 4 March 2009 
(the "Notice Expiration Date")). Should the Noteholder's Option be exercised by 
23 February 2009, the Issuer shall redeem the Notes in whole by paying an amount 
equal to the relevant Redemption Amount (calculated in accordance with Paragraph 
40(d)(ii) of the Series Prospectus) in respect of each Note on the Notice 
Expiration Date (in this case such date shall be deemed the "Early Redemption 
Date"). 
If the Notes are to be redeemed on the Early Redemption Date, the Disposal Agent 
shall arrange for and administer the sale of the Collateral and the realisation 
of the proceeds thereof in accordance with Clause 19 of the Agency Agreement. We 
shall notify you as soon as reasonably practicable after the completion of such 
sale of the Redemption Amount payable (if any). 
If Noteholders holding 100 per cent. of the Notes do not exercise the 
Noteholder's Option by 23 February 2009, an amount equal to USD 35,240.24 
calculated in accordance with Paragraph 40(d)(i) of the Series Prospectus, 
together with accrued interest on the Cash Account (if any), shall be paid out 
by the Issuer to the Noteholders as an additional amount (the "Additional 
Amount") on or around the Notice Expiration Date. For the avoidance of doubt, 
the Notes will thereafter continue to exist until redeemed in accordance with 
the Terms and Conditions of the Notes. 
Should we receive confirmation to our reasonable satisfaction at any date before 
23 February 2009 that any Noteholder does not wish to elect to exercise the 
Noteholder's Option we shall pay the Additional Amount (together with accrued 
interest on the Cash Account (if any)) to the Noteholders as soon as practicable 
thereafter. 
Words and expressions defined in the Series Prospectus relating to the Notes 
shall bear the same meanings in this notice, unless the context otherwise 
requires. 
This notice, and any non-contractual obligations arising out of or in connection 
with it, shall be governed by and construed in accordance with English law. 
 
 
For further information please contact: 
Citigroup Ireland Financial Services Plc 
1 North Wall Quay 
IFSC 
Dublin 1 
FAX: [phone] 
TEL: [phone] 
 
 
Company Announcement 
Cloverie PLC 
 (the "Issuer") 
 
 
 
 
1 North Wall Quay 
International Financial Services Centre 
Dublin 1 
Ireland 
 
 
 
 
Series 2006-15 
HUF  8,500,000 Rivera Dynamic Portfolio Investment Notes due 2013 ("the Notes") 
(ISIN: XS0276533089) 
 
 
18th February 2009 
Notice of Feeder Fund Redemption Event 
Noteholders are referred to the Series Prospectus dated 18 December 2006 (the 
"Series Prospectus" as approved by the Financial Regulator) relating to the 
Notes and the Base Prospectus dated 10 July 2006, which sets out the Terms and 
Conditions upon which the Notes were issued. 
We have received (i) a notice dated 9 December 2008 from Connemeire Structured 
Funds Plc. on behalf of the directors of Riviera DPI Feeder No. 7 Fund 
announcing their election to redeem all outstanding Feeder Fund Shares on 10 
December 2008 and (ii) the redemption proceeds of the Feeder Fund Shares 
comprised in the Feeder Fund Shares Collateral. 
This redemption of the Feeder Fund Shares constitutes a Feeder Fund Redemption 
Event under the Terms and Conditions of the Notes. 
Accordingly, pursuant to Paragraph 40(d) of the Series Prospectus, notice is 
hereby given that Noteholders holding 100 per cent. of the Notes may direct the 
Issuer in writing to redeem the Notes in whole on the Early Redemption Date (as 
defined herein) (the "Noteholder's Option"). Noteholders wishing to exercise the 
Noteholder's Option may do so by giving notice to the Issuer and the Principal 
Paying Agent on any Business Day after the date of this Notice to and including 
23 February 2009 (being the date falling 7 Business Days prior to 4 March 2009 
(the "Notice Expiration Date")). Should the Noteholder's Option be exercised by 
23 February 2009, the Issuer shall redeem the Notes in whole by paying an amount 
equal to the relevant Redemption Amount (calculated in accordance with Paragraph 
40(d)(ii) of the Series Prospectus) in respect of each Note on the Notice 
Expiration Date (in this case such date shall be deemed the "Early Redemption 
Date"). 
If the Notes are to be redeemed on the Early Redemption Date, the Disposal Agent 
shall arrange for and administer the sale of the Collateral and the realisation 
of the proceeds thereof in accordance with Clause 19 of the Agency Agreement. We 
shall notify you as soon as reasonably practicable after the completion of such 
sale of the Redemption Amount payable (if any). 
 If Noteholders holding 100 per cent. of the Notes do not exercise the 
Noteholder's Option by 23 February 2009, an amount equal to HUF 52,020,186.39 
calculated in accordance with Paragraph 40(d)(i) of the Series Prospectus, 
together with accrued interest on the Cash Account (if any), shall be paid out 
by the Issuer to the Noteholders as an additional amount (the "Additional 
Amount") on or around the Notice Expiration Date. For the avoidance of doubt, 
the Notes will thereafter continue to exist until redeemed in accordance with 
the Terms and Conditions of the Notes. 
Should we receive confirmation to our reasonable satisfaction at any date before 
23 February 2009 that any Noteholder does not wish to elect to exercise the 
Noteholder's Option we shall pay the Additional Amount (together with accrued 
interest on the Cash Account (if any)) to the Noteholders as soon as practicable 
thereafter. 
Words and expressions defined in the Series Prospectus relating to the Notes 
shall bear the same meanings in this notice, unless the context otherwise 
requires. 
This notice, and any non-contractual obligations arising out of or in connection 
with it, shall be governed by and construed in accordance with English law. 
For further information please contact: 
Citigroup Ireland Financial Services Plc 
1 North Wall Quay 
IFSC 
Dublin 1 
FAX: [phone] 
TEL: [phone] 
 
 
This announcement has been issued through the Companies Announcement Service of 
The Irish Stock Exchange. 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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