Preferred Residential Secs 05-1 PLC Notice to Noteholders (7862E)

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RNS Number : 7862E

Preferred Residential Secs 05-1 PLC

13 February 2018

PREFERRED RESIDENTIAL SECURITIES 05-1 PLC

Notice to the holders of all outstanding

EUR181,000,000 CLASS A1a Mortgage Backed Floating Rate Notes due 2024 (Common Code Reg S: 021706884; Common Code 144A: 021791245; ISIN - Reg S: XS0217068849; ISIN - 144A: US740378AA29)

Issue Price: 100 per cent.

GBP218,600,000 CLASS A2c Mortgage Backed Floating Rate Notes due 2043 (Common Code Reg S: 021706965; Common Code 144A: 021791318; ISIN - Reg S: XS0217069656; ISIN - 144A: US740378AF16)

with Detachable A2c Coupons due 2008 (Common Code Reg S: 021748650; ISIN - Reg S: XS0217486504)

Issue Price: 100 per cent. plus a premium

EUR7,000,000 CLASS B1a Mortgage Backed Floating Rate Notes due 2043 (Common Code Reg S: 021763721; Common Code 144A: 021791598; ISIN - Reg S: XS0217637213; ISIN - 144A: US740378AG98)

Issue Price: 100 per cent.

GBP22,600,000 CLASS B1c Mortgage Backed Floating Rate Notes due 2043 (Common Code Reg S: 021706981; Common Code 144A: 021791393; ISIN - Reg S: XS0217069813; ISIN - 144A: US740378AJ38)

Issue Price: 100 per cent.

GBP10,800,000 CLASS C1c Mortgage Backed Floating Rate Notes due 2043 (Common Code Reg S: 021707007; Common Code 144A: 021791440; ISIN - Reg S: XS0217070076; ISIN - 144A: US740378AM66)

Issue Price: 100 per cent.

GBP15,800,000 CLASS D1c Mortgage Backed Floating Rate Notes due 2043 (Common Code Reg S: 021707082; Common Code 144A: 021791504; ISIN - Reg S: XS0217070829; ISIN - 144A: US740378AQ70)

Issue Price: 100 per cent.

GBP3,400,000 CLASS E Mortgage Backed Floating Rate Notes due 2043 (Common Code Reg S: 021707104; Common Code 144A: 021791539; ISIN - Reg S: XS0217071041; ISIN - 144A: US740378AR53)

Issue Price: 100 per cent.

(together the "Notes")

issued by Preferred Residential Securities 05-1 PLC

(the "Issuer")

The Issuer would like to draw Noteholders attention to the following notice that was published on today's date in the Financial Times which shall constitute the notice to Noteholders pursuant to Condition 14:

NOTICE IS HEREBY GIVEN to the Noteholders that the Mortgage Administrator has delivered a notice to the Issuer in accordance with the provisions of Clause 16 (Purchase of the Loans) of the Mortgage Administration Agreement, confirming that it is exercising its option to purchase the remaining Loans owned by, or the beneficial interest of which is vested in, the Issuer on the Interest Payment Date falling in March 2018.

Accordingly, the Issuer is hereby providing notice to the Noteholders in accordance with Condition 5(d) (Mandatory Redemption) that it will, on the Interest Payment Date falling in March 2018, redeem the Notes in accordance with Condition 5(d) (Mandatory Redemption).

Noteholders who have queries in relation to the above matters should contact the Issuer:

Preferred Residential Securities 05-1 PLC

c/o Wilmington Trust SP Services (London) Limited

Third Floor

1 King's Arms Yard

London, EC2R 7AF

Attention: The Directors

Tel: [phone]

Email: [e-mail]

Defined terms used in this notice will have the meaning given to them in the prospectus of the Issuer dated 21 April 2005.

13 February 2018

for and on behalf of

Preferred Residential Securities 05-1 PLC

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 13, 2018 10:26 ET (15:26 GMT)