Ei Group plc Result of Consent Solicitation (8982T)

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RNS Number : 8982T

Ei Group plc

06 July 2018

Ei Group plc

(incorporated with limited liability in England and Wales)

refers to invitations by the Unique Pub Finance Company PLC (the "Issuer") to any and all holders (the "Noteholders") of the outstanding:

GBP435,000,000 6.542 per cent. Class A3 Asset Backed Notes due 2021 (the "Class A3 Notes") and

GBP535,000,000 5.659 per cent. Class A4 Asset Backed Notes due 2027 (the "Class A4 Notes" and together with the Class A3 Notes, the "Notes"),

in each case, issued by the Issuer

6 July 2018. Ei Group plc (the "Company") refers to invitations by the Issuer to Noteholders on 14 June 2018 to consent to certain amendments to the documentation of the securitisation transaction involving the Notes as proposed by the Issuer (the "Proposal") for approval by an extraordinary resolution (an "Extraordinary Resolution") at a meeting of the Noteholders (the "Meeting") as further described in the Consent Solicitation Memorandum prepared by the Issuer dated 14 June 2018 (the "Consent Solicitation Memorandum") (the "Consent Solicitation").

Results of Meeting

The Meeting in respect of the Consent Solicitation was held at 10:00 a.m. London time on 6 July 2018. Noteholders representing approximately 99 per cent. of the Principal Amount Outstanding of the Notes were represented at the Meeting and submitted votes in respect of the Extraordinary Resolution. Of such votes submitted, approximately 84 per cent. were in favour of the Extraordinary Resolution. Therefore, the Meeting was quorate and the Extraordinary Resolution was passed at the Meeting and is binding on the holders of all classes of notes issued by the Issuer.

Following the passing of the Extraordinary Resolution at the Meeting, the Deed of Amendment has been executed and the amendments described in the Consent Solicitation Memorandum have become effective. Where payable, any applicable Early Participation Fees shall be paid to Noteholders in accordance with the terms of the Consent Solicitation Memorandum.

This announcement should be read in conjunction with the Consent Solicitation Memorandum. Capitalised terms used but not otherwise defined in this announcement have the meanings given in the Consent Solicitation Memorandum.

Neil Smith, Chief Financial Officer, commented: "We are delighted with the result of our Consent Solicitation process. This means that we now have greater flexibility to pursue our strategy and to deliver value to all of our stakeholders."

Enquires:

Neil Smith, Chief Financial Officer, 0121 272 5000

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July 06, 2018 08:30 ET (12:30 GMT)