ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

MARS Marston's Plc

28.25
-0.65 (-2.25%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Marston's Plc LSE:MARS London Ordinary Share GB00B1JQDM80 ORD 7.375P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.65 -2.25% 28.25 28.30 28.45 29.30 28.20 28.70 2,226,821 16:35:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Malt Beverages 885.4M -9.3M -0.0147 -19.35 180.42M

Marston's PLC COVID-19 Update: Result Noteholder Consent Request (4522H)

03/12/2020 10:34am

UK Regulatory


Marston's (LSE:MARS)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Marston

TIDMMARS

RNS Number : 4522H

Marston's PLC

03 December 2020

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.

3 December 2020

MARSTON'S PLC

("Marston's" or "the Group")

COVID-19 Update re: Results of Noteholder Consent Request

As previously announced on 11 November 2020, Marston's Issuer PLC (the "Issuer") formally asked the holders of its Secured Class A Notes (the "Noteholders") for a limited number of further technical waivers ("the Proposals") during the first half of 2021 as a precautionary measure following the renewed lockdown restrictions introduced in Wales on 23 October, and in England on 5 November. The waivers being requested are required solely as a consequence of the enforced temporary re-closure of its pubs in England by the UK Government as a result of the COVID--19 pandemic measures, together with the continued uncertainty with regard to further potential lockdowns over the winter months.

The meeting of the Noteholders took place at 10.00am today.

The Group is pleased to confirm that the Noteholders which were present, or represented, at the meeting held 99.76 per cent of the total amount outstanding of the Secured Class A Notes and 100 per cent voted in favour of the Extraordinary Resolution regarding the Proposals, thereby giving their consent to the technical waivers and amendments requested by the Issuer.

As a result, the Issuer will now proceed with the implementation of the Proposals.

ENQUIRIES:

 
 Marston's PLC Tel: 01902 329516   Instinctif Partners 
 Ralph Findlay, Chief Executive    Justine Warren Tel: 020 7457 
  Officer                           2010 
 Andrew Andrea, Chief Financial    Matthew Smallwood Tel: 020 7457 
  and                               2005 
  Co rporat e Development 
  Officer 
 

For the purposes of the Market Abuse Regulation (EU) 596/2014 and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this Announcement is made by Anne-Marie Brennan at Marston's PLC.

NOTES TO EDITORS

   --      Marston's is a leading pub operator. 

-- It has an estate of 1,379 pubs situated nationally, comprising managed, franchised and leased pubs

-- The Group also owns a 40% stake in a new brewing joint venture with Carlsberg, the Carlsberg Marston's Brewing Company.

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

MSCFSDFSDESSEDE

(END) Dow Jones Newswires

December 03, 2020 05:34 ET (10:34 GMT)

1 Year Marston's Chart

1 Year Marston's Chart

1 Month Marston's Chart

1 Month Marston's Chart

Your Recent History

Delayed Upgrade Clock