We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Eqty Rel5.a Nts | LSE:32GB | London | Bond |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
TIDM32GB
RNS Number : 6514J
Equity Release Funding(No.5) PLC
24 August 2021
NOTICE OF Results
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. IF ANY NOTEHOLDER IS IN ANY DOUBT AS TO THE ACTION IT SHOULD TAKE OR IS UNSURE OF THE IMPACT OF THE IMPLEMENTATION OF ANY EXTRAORDINARY RESOLUTION TO BE PROPOSED AT A MEETING, IT SHOULD SEEK ITS OWN FINANCIAL AND LEGAL ADVICE, INCLUDING AS TO ANY TAX CONSEQUENCES, IMMEDIATELY FROM ITS STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT OR OTHER INDEPENDENT FINANCIAL OR LEGAL ADVISER.
EQUITY RELEASE FUNDING (NO.5) PLC
(incorporated in England and Wales with limited liability under registered number 5495271)
(the "Issuer")
NOTICE OF RESULTS
of the holders of the outstanding Notes of the Issuer listed below
Current Rate Aggregate of Interest Description Principal (per cent. of Notes ISIN Common Code Amount Outstanding per annum) ------------------- ------------- ------------ -------------------- -------------- GBP315,000,000 XS0225883387 022588338 GBP269,700,000 Three month Class A Mortgage Sterling Backed Floating LIBOR + 0.46 Rate Notes due per cent. 2045 (the "Class Floating A Notes") Rate GBP43,000,000 XS0225883973 022588397 GBP43,000,000 Three month Class B Mortgage Sterling Backed Deferrable LIBOR + 0.70 Interest Floating per cent. Rate Notes due Floating 2050 (the "Class Rate B Notes") GBP23,000,000 XS0225884278 022588427 GBP23,000,000 Three month Class C Mortgage Sterling Backed Deferrable LIBOR + 1.80 Interest Floating per cent. Rate Notes due Floating 2050 (the "Class Rate C Notes")
(each a "Series" and together the "Notes")
NOTICE IS HEREBY GIVEN that separate meetings (each a "Meeting" and together the "Meetings") of the holders of each Series (the "Noteholders") were convened by the Issuer and held via teleconference on 24 August 2021.
This announcement does not contain the full terms and conditions of the Consent Solicitations, which are contained in the Consent Solicitation Memorandum dated 13 July 2021 (the "Consent Solicitation Memorandum") prepared by the Issuer, which is available to Noteholders from the Tabulation Agent.
Unless the context requires otherwise, capitalised terms used but not defined in this Notice have the meanings given to them in the Trust Deed, the terms and conditions of the Notes (the "Conditions") or the Consent Solicitation Memorandum.
At the Meeting of the holders of the Class A Notes, the necessary quorum was achieved, 100% of Electronic Voting Instructions received were in favour of the Extraordinary Resolution and therefore the Extraordinary Resolution was passed and the Eligibility Condition was satisfied in respect of the Class A Notes.
At the Meeting of the holders of the Class B Notes, the necessary quorum was achieved, 100% of Electronic Voting Instructions received were in favour of the Extraordinary Resolution and therefore the Extraordinary Resolution was passed and the Eligibility Condition was satisfied in respect of the Class B Notes.
At the Meeting of the holders of the Class C Notes, the necessary quorum was achieved, 100% of Electronic Voting Instructions received were in favour of the Extraordinary Resolution and therefore the Extraordinary Resolution was passed and the Eligibility Condition was satisfied in respect of the Class C Notes.
On this basis, subject to receiving the consent of the Trustee, the Extraordinary Resolution will be implemented by the Issuer and the modifications to the Conditions of each Series of Notes (as described in the Consent Solicitation Memorandum) will be implemented with effect from the dates specified in the Amendment Deed.
This Notice is given by Equity Release Funding (No.5) PLC.
Noteholders should contact the following for further information:
The Solicitation Agent
NatWest Markets Plc
250 Bishopsgate
London EC2M 4AA
United Kingdom
Telephone: +44 20 7678 5222
Attention: Liability Management
Email: liabilitymanagement@natwestmarkets.com
The Tabulation Agent
Lucid Issuer Services Limited
Tankerton Works
12 Argyle Walk
London WC1H 8HA
United Kingdom
Telephone: +44 20 7704 0880
Attention: Owen Morris
Email: aviva@lucid-is.com
Dated: 24 August 2021
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
NORPPUUPRUPGGAC
(END) Dow Jones Newswires
August 24, 2021 11:21 ET (15:21 GMT)
1 Year Eqty Rel5.a Nts Chart |
1 Month Eqty Rel5.a Nts Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions