Notting Hill Genesis Delay to publication of audited accounts

RNS Number : 0114G

Notting Hill Genesis

27 September 2024

 

Delay to publication of audited accounts

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM AUSTRALIA, NEW ZEALAND, SOUTH AFRICA, JAPAN, CANADA OR SWITZERLAND OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

Notting Hill Genesis (the Issuer) has issued each of the following:

(a) £250,000,000 2.000 per cent. Secured Sustainability Notes due 2036 issued under the £2,000,000,000 Secured Note Programme of the Issuer;

(b) £250,000,000 2.875 per cent. Secured Bonds due 2029;

(c) £400,000,000 3.25 per cent. Secured Bonds due 2048;

(d) £250,000,000 4.375 per cent. Secured Bonds due 2054;

(e) £350,000,000 3.75 per cent. Secured Bonds due 2032; and

(f) £300,000,000 5.25 per cent. Secured Bonds due 2042,

(together the Bonds).

Each of the Bonds includes a requirement for the Issuer to provide to M&G Trustee Company Limited (the Bond Trustee) a copy of its own and its consolidated financial statements for each financial year within 180 days of the end of such financial year.

The Issuer is currently finalising the statements for its financial year ending 31 March 2024 (the 2024 Financial Statements). We have ensured the exceptional items mentioned in our market statement on 28 June 2024 have been thoroughly reviewed and agreed, and this robust due diligence has taken time. Therefore, there will be a short delay to completion, subject to concluding on final validation checks and approvals, that will extend past our initial deadline of 27 September 2024.

The Issuer has confirmed that, to the best of its knowledge and belief, there is no reason to believe that the 2024 Financial Statements will be subject to any audit qualification and the draft 2024 Financial Statements do not contain any non-public, price sensitive information about the Issuer.

The Issuer has sought, and obtained, the consent of the Bond Trustee to postpone such requirement no later than 25 October 2024.

 

For further information, please contact:
Financial enquiries
Mark Smith, chief financial officer	[e-mail]
Media enquiries
Sanctuary Counsel	[e-mail]

 

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