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| Name | Symbol | Market | Type |
|---|---|---|---|
| Endeavour Sch31 | LSE:57OE | London | Bond |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0 | - |
From Jul 2019 to Jul 2024
TIDM57OE
RNS Number : 0795X
Endeavour SCH PLC
07 August 2018
t 2018
Announcement of Inside Information relating to Endeavour SCH PLC.
Endeavour SCH PLC issued GBP137,400,000 Secured Guaranteed Index-Linked Bonds due 2031 which are subject to a Collateral Deed dated 16 August 1999 (Collateral Deed).
As we announced on 1 March 2018, on 2 February 2018 Sovereign Hospital Services Limited was placed into liquidation by way of a court order made on that date.
Under the Collateral Deed, Sovereign Hospital Services Limited was the Hotel Service Manager and the Maintenance Service Manager under sub-contracts with Endeavour SCH PLC.
As a result of the liquidation of Sovereign Hospital Services Limited, a Trigger Event occurred under clause 12.5 of the Collateral Deed and a Potential Acceleration Event occurred under clause 14.24 of the Collateral Deed.
Endeavour SCH PLC has now taken the necessary steps to cure the Potential Acceleration Event and the resulting consequences. This involved replacing Sovereign Hospital Services Limited as the Hotel Service Manager and the Maintenance Service Manager with Serco Limited. Serco Group PLC has become the guarantor of Serco Limited in respect of these contracts.
This announcement contains inside information and has been made by HCP Social Infrastructure (UK) Limited as Corporate Company Secretary on behalf of Endeavour SCH PLC.
For further information, please contact:
Endeavour SCH PLC
The Murray Building
James Cook University Hospital
Marton Road
Middlesbrough
TS4 3BW
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
FURBGGDICSGBGIR
(END) Dow Jones Newswires
August 07, 2018 07:01 ET (11:01 GMT)
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