Statement re debenture stock

 

TIDMBA75 
 
RNS Number : 5195O 
Pinton Estates PLC 
09 March 2009 
 

FOR IMMEDIATE RELEASE 
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR 
FROM THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD 
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION 
9 MARCH 2009 
Pinton Estates PLC (the "Company") 
GBP70,000,000 10.75% to 11.25% Stepped Interest First Mortgage Debenture Stock 
2012 (the "Stock"). 
Certain rent payments due for the first quarter of 2009 have not been received 
by the Company. As a result, the Company was unable to make the half-yearly 
coupon payment on the Stock due on 3 March 2009 in full. 
Rental income received by the Company of GBP1.65 million is being paid to the 
registrar today for payment to Stock holders. Further net rental income is due 
to be received by the Company for the quarter beginning on 25 March 2009. The 
Company intends to apply the net rental income received to making a further 
payment to holders of the Stock in respect of the coupon. 
A further announcement will be made in due course. 
The Company is being advised by Fenchurch Advisory Partners in relation to the 
Stock. 
 
 
Contacts: 
Fenchurch Advisory Partners    Tel: [phone] 
Richard Locke 
Graham Marchant 
 
 
Fenchurch Advisory Partners Limited ("Fenchurch Advisory Partners"), which is 
authorised and regulated in the United Kingdom by the Financial Services 
Authority, is acting exclusively for the Company and no-one else in connection 
with the Stock and will not be responsible to anyone other than the Company for 
providing the protections afforded to customers of Fenchurch Advisory Partners 
or for providing advice in relation to the Stock or in relation to the contents 
of this announcement. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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