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Name | Symbol | Market | Type |
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Sth.e.wtr.11%db | LSE:52HO | London | Debenture |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
RNS No 3924t MID-SUSSEX WATER PLC 9th November 1998 MID-SUSSEX WATER PLC SAUR WATER SERVICES RESTRUCTURING The following letter has been sent today to the registered holders of the following debenture stocks in issue by Mid-Sussex Water plc: 12% debenture stock 2010 11% debenture stock 2012/16 10% debenture stock 2013/17 4% perpetual stock 5% perpetual stock Enquiries: Mid-Sussex Water plc Willi Robertson 01323 411 411 European Capital Co. Ltd Maurice Hochschild 0171 600 3138 TEXT OF LETTER Dear Sir SAUR Water Services Group Restructuring The Board of SAUR Water Services plc ("SWS") announced today its intention to restructure its subsidiary companies. SWS currently has five water operating company subsidiaries, namely Eastbourne Water plc, Mid Southern Water plc, South East Water Limited, Mid-Sussex Water plc and West Kent Water plc. The restructuring aims to transfer the assets and liabilities of Eastbourne Water plc, Mid Southern Water plc, South East Water Limited and West Kent Water plc into Mid-Sussex Water plc. This transfer will be carried out in accordance with Schedule 2 of the Water Industry Act 1991 ("WIA"). As part of this restructuring, the listed debenture stocks of Eastbourne Water plc, Mid Southern Water plc and West Kent Water plc will be transferred to Mid- Sussex Water plc. Mid-Sussex Water plc already has its own debenture stocks in issue which are listed on the Stock Exchange. Application, in accordance with the Stock Exchange Listing Rules, will be made by Mid-Sussex Water plc for the transferred debenture stocks to be listed on the Stock Exchange. Dick Barnhoorn Chairman SAUR Water Services plc END MSCAILLALSLAIAT
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