Thames Water Utilities Finance PLC TWUF - Results of Meetings Announcement

RNS Number : 6715M

Thames Water Utilities Finance PLC

18 November 2024

 

THAMES WATER UTILITIES FINANCE PLC ANNOUNCES THE RESULTS OF MEETINGS OF BONDHOLDERS

18 November 2024

Thames Water Utilities Finance plc (the "Issuer") announces today the results of the meetings convened for holders (the "Holders") of each Series of bonds listed in the table below (the "Bonds") issued by the Issuer and as guaranteed by Thames Water Utilities Holdings Limited and Thames Water Utilities Limited, to vote in respect of the Extraordinary Resolutions to, among other things, approve the relevant Proposals and their implementation, as set out in the Solicitation Memorandum dated 25 October 2024 (the "Solicitation Memorandum").

Capitalised terms used but not defined in this announcement have the same meaning given to them in the Solicitation Memorandum.

Notice is hereby given to the Holders of the Bonds that at the relevant meeting of the Holders of each Series of Bonds convened by the notice dated 25 October 2024 (the "Notice of Meeting") and held at the offices of Linklaters LLP, One Silk Street, London EC2Y 8HQ on 18 November 2024:

(a)  the relevant Meeting was either quorate or not quorate (as specified in the table below); and

(b)  the relevant Extraordinary Resolutions detailed in the Notice of Meetings were duly passed or not passed (as specified in the table below).

 

ISIN	Description of Bond	Quorum reached and percentage of outstanding principal amount in respect of which votes cast	Extraordinary Resolution in respect of the Interim RP Launch Waiver passed (and percentage (of the relevant total of votes cast) which were in favour of such Extraordinary Resolution)?	Extraordinary Resolution in respect of the Reserve Account Restricted Cash Release Waiver passed (and percentage (of the relevant total of votes cast) which were in favour of such Extraordinary Resolution)?	Extraordinary Resolution in respect of the Compensation Account Restricted Cash Release Waiver passed (and percentage (of the relevant total of votes cast) which were in favour of such Extraordinary Resolution)?	Extraordinary Resolution in respect of the September Interim Accounts Waiver passed (and percentage (of the relevant total of votes cast) which were in favour of such Extraordinary Resolution)?
CAG8787NAB06	CAD250,000,000 2.875 per cent. Class A Guaranteed Unwrapped Bonds due 12 December 2024	Yes 72.74%	No 24.88%	No 24.88%	No 24.88%	No 24.88%
XS1078777114	£500,000,000 4 per cent. Class A Guaranteed Unwrapped Bonds due 19 June 2025	Yes 93.55%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS2576550326	€650,000,000 4.000 per cent. Class A Green Unwrapped Bonds due 18 April 2027	Yes 89.40%	Yes 99.98%	Yes 99.98%	Yes 99.98%	Yes 99.98%
XS1335311574	£45,000,000 0.721 per cent. Index Linked Class A Unwrapped Bonds due 21 December 2027	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS2278588343	US$40,000,000 1.604 per cent. Class A Unwrapped Bonds due 23 December 2027	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS2438026440	€575,000,000 0.875 per cent. Class A Green Unwrapped Bonds due 31 January 2028	Yes 87.89%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS1371533867	£300,000,000 3.5 per cent. Class A Guaranteed Unwrapped Bonds due 25 February 2028	Yes 93.45%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS0092157600	£330,000,000 6.75 per cent. Guaranteed Bonds due 16 November 2028	Yes 93.92%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS2254339331	US$57,000,000 2.06 per cent. Class A Guaranteed Unwrapped Bonds due 12 November 2030	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS2576550672	€1,000,000,000 4.375 per cent. Class A Green Unwrapped Bonds due 18 January 2031	Yes 96.19%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS2755443020	£275,000,000 7.125 per cent. Class A Unwrapped Bonds due 30 April 2031	Yes 98.17%	Yes 99.96%	Yes 99.96%	Yes 99.96%	Yes 99.96%
XS1555168365	£250,000,000 2.625 per cent. Class A Guaranteed Unwrapped Bonds due 24 January 2032	Yes 96.50%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS2438026366	€575,000,000 1.250 per cent. Class A Green Unwrapped Bonds due 31 January 2032	Yes 93.30%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS0107289323	£200,000,000 6.5 per cent. Guaranteed Bonds due 9 February 2032	Yes 99.95%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS0800185174	£300,000,000 4.375 per cent. Class A Guaranteed Unwrapped Bonds due 3 July 2034	Yes 99.55%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS1334772925	£40,000,000 0.75 per cent. Index Linked Class A Bonds due 18 December 2034	Yes 62.61%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS0268693743	£600,000,000 5.125 per cent. Guaranteed Notes due 28 September 2037	Yes 98.54%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS0382041225	JPY 20,000,000,000 3.28 per cent. Fixed Rate Class A Unwrapped Bonds due 20 August 2038	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS2161831776	£350,000,000 Class A 2.375 per cent. Guaranteed Unwrapped Bonds due 22 April 2040	Yes 95.79%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS2707822644	£300,000,000 8.250 per cent. Class A Unwrapped Bonds due 25 April 2040	Yes 99.69%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS0404852526	£50,000,000 3.853 per cent. Sub-Class A1 Index-Linked Unwrapped Bonds due 15 December 2040	Yes 57.03%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS0590171103	£500,000,000 5.50 per cent. Class A Guaranteed Unwrapped Bonds due 11 February 2041	Yes 95.68%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS0318577912	£50,000,000 1.98 per cent. Sub-Class A5 Index-Linked Unwrapped Bonds due 28 August 2042	Yes 74.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS0455926260	£55,000,000 2.091 per cent. Class A Guaranteed Unwrapped Index-Linked Bonds due 6 October 2042	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS2755443376	£575,000,000 7.750 per cent. Class A Unwrapped Bonds due 30 April 2044	Yes 96.01%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS0548262061	£40,000,000 1.974 per cent. Class A Guaranteed Unwrapped Index-Linked Bonds due 12 October 2045	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS0800186222	£300,000,000 4.625 per cent. Class A Guaranteed Unwrapped Bonds due 4 June 2046	Yes 89.41%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS0318577755	£100,000,000 1.846 per cent. Sub-Class A4 Index-Linked Unwrapped Bonds due 28 August 2047	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS0318577672	£200,000,000 1.819 per cent. Sub-Class A3 Index-Linked Unwrapped Bonds due 28 August 2049	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS2168290000	£40,000,000 Class A 2.442 per cent. Guaranteed Unwrapped Bonds due 12 May 2050	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS0265832922	£300,000,000 1.6802 per cent. Guaranteed RPI-Linked Notes due 11 July 2053	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS0267219896	£300,000,000 1.681 per cent. Guaranteed RPI-Linked Notes due 11 July 2055	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS0318577599	£200,000,000 1.771 per cent. Sub-Class A2 Index-Linked Unwrapped Bonds due 28 August 2057	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS1537083716	£400,000,000 7.738 per cent. Guaranteed Class A Unwrapped Bonds due 9 April 2058	Yes 98.69%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%
XS0318577326	£350,000,000 1.76 per cent. Sub-Class A1 Index-Linked Unwrapped Bonds due 28 August 2062	Yes 56.71%	Yes 100.00%	Yes 100.00%	Yes 100.00%	Yes 100.00%

 

 

This notice is given by:

THAMES WATER UTILITIES FINANCE PLC

in its capacity as Issuer

 

18 November 2024

Legal Entity Identifier number: 213800ESMPQ4RQ7G8351

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