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Pendeford Mst Issuer (33VC)

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Tuesday 28 June, 2011

Pendeford Mst Issuer

Notice of results of meetings

RNS Number : 3005J
Pendeford Master Issuer PLC
28 June 2011
 



PENDEFORD MASTER ISSUER PLC

(the Issuer)

(Incorporated as a public limited company in England and Wales

with registered number 6121308)

NOTICE OF RESULTS OF MEETINGS

In respect of a meeting (the "First Meeting") of the holders of the:

 

2007-1 Series 4 Class A €750,000,000 Mortgage Backed Notes due 2037 (ISIN: XS0293684733)

2007-1 Series 5 Class A £300,000,000 Mortgage Backed Notes due 2022 (ISIN: XS0293685383)

2008-1 Class A4 £666,700,000 Mortgage Backed Floating Rate Notes due 2039 (ISIN: XS0386759582)

2008-2 Class A2 £1,250,000,000 Mortgage Backed Floating Rate Notes due 2040 (ISIN: XS0395220808)

2008-2 Class A3 £500,000,000 Mortgage Backed Floating Rate Notes due 2040 (ISIN: XS0395220980)

2008-2 Class A4 £450,000,000 Mortgage Backed Floating Rate Notes due 2040 (ISIN: XS0395221012)

2008-2 Class A5 £800,000,000 Mortgage Backed Floating Rate Notes due 2040 (ISIN: XS0395221103)

2008-2 Class A6 £350,000,000 Mortgage Backed Floating Rate Notes due 2040 (ISIN: XS0395221442)

2008-2 Class A7 £300,000,000 Mortgage Backed Floating Rate Notes due 2040 (ISIN: XS0395221525)

2008-2 Class A8 £250,000,000 Mortgage Backed Floating Rate Notes due 2040 (ISIN: XS0395221798)

2008-2 Class A9 £200,000,000 Mortgage Backed Floating Rate Notes due 2040 (ISIN: XS0395221871)

(together, the "Existing Class A Noteholders" and the "Existing Class A Notes" respectively)

 

In respect of a meeting (the "Second Meeting") of the holders of the:

 

2007-1 Series 3 Class B £81,300,000 Mortgage Backed Notes due 2059 (ISIN: XS0293687249)

2007-1 Series 4 Class B £6,300,000 Mortgage Backed Notes due 2059 (ISIN: XS0293687678)

 (together, the "Existing Class B Noteholders" and the "Existing Class B Notes" respectively)

 

In respect of a meeting (the "Third Meeting") of the holders of the:

 

2007-1 Series 3 Class C £81,300,000 Mortgage Backed Notes due 2059 (ISIN: XS0293688643)

2007-1 Series 4 Class C £6,300,000 Mortgage Backed Notes due 2059 (ISIN: XS0293693304)

(together, the "Existing Class C Noteholders" and the "Existing Class C Notes" respectively)

(together, the Existing Class A Noteholders, the Existing Class B Noteholders and the Existing Class C Noteholders are referred to as the "Existing Noteholders";  together, the Existing Class A Notes, the Existing Class B Notes and the Existing Class C Notes are referred to as the "Existing Notes")

 

In respect of a meeting (the "Fourth Meeting") of the holders of the:

 

2007-1 Series 4 Class A €750,000,000 Mortgage Backed Notes due 2037 (ISIN: XS0293684733)

 (together, the "Series 4 Class A Noteholders" and the " Series 4 Class A Notes " respectively)

 

each convened on 27 June 2011

at

the offices of Allen & Overy LLP, One Bishops Square, London E1 6AD.

 

Results of the First Meeting

NOTICE IS HEREBY GIVEN to the Existing Class A Noteholders that, at the First Meeting, the First Extraordinary Resolution (as defined in the Notice) set out in such Notice was not passed

The First Extraordinary Resolution was not passed at the First Meeting by the Existing Class A Noteholders as a quorum requirement (which required a particular aggregate Principal Amount Outstanding of such Notes then outstanding to be held or represented at such Meeting) was not met. At any adjournment of such Meeting, the quorum required shall be only one or more persons being or representing Noteholders, whatever the aggregate Principal Amount Outstanding of such Notes then outstanding so held or represented. The relevant adjourned Meeting is due to be held on 12 July 2011 and the Existing Class A Noteholders should consider the Notice of Adjourned Meetings issued by the Issuer on the date hereof for further details.

Results of the Second Meeting and the Third Meeting

NOTICE IS HEREBY GIVEN to the Existing Class B Noteholders and the Existing Class C Noteholders that, at separate meetings of each of the Existing Class B Noteholders and the Existing Class C Noteholders, the First Extraordinary Resolution (as defined in the Notice) set out in such Notice was duly passed

Accordingly, but subject to the passing of the First Extraordinary Resolution by the Existing Class A Noteholders at an adjournment of the First Meeting or the other condition set out in the First Extraordinary Resolution being fulfilled, the modifications referred to in the First Extraordinary Resolution will be implemented with effect on and from 15 July, 2011.

The First Extraordinary Resolution was not passed at the First Meeting by the Existing Class A Noteholders as a quorum requirement (which required a particular aggregate Principal Amount Outstanding of such Notes then outstanding to be held or represented at such Meeting) was not met.  At any adjournment of such Meeting, the quorum required shall be only one or more persons being or representing relevant Noteholders, whatever the aggregate Principal Amount Outstanding of such Notes then outstanding so held or represented. The relevant adjourned Meeting is due to be held on 12 July 2011.

Results of the Fourth Meeting

NOTICE IS HEREBY GIVEN to the Series 4 Class A Noteholders that, at the Fourth Meeting, the Second Extraordinary Resolution (as defined in the Notice) set out in such Notice was not passed.

The Second Extraordinary Resolution was not passed at the Fourth Meeting by the Series 4 Class A Noteholders as a quorum requirement (which required a particular aggregate Principal Amount Outstanding of such Notes then outstanding to be held or represented at such Meeting) was not met. At any adjournment of such Meeting, the quorum required shall be only one or more persons being or representing Noteholders, whatever the aggregate Principal Amount Outstanding of such Notes then outstanding so held or represented. The relevant adjourned Meeting is due to be held on 12 July 2011 and the Series 4 Class A Noteholders should consider the Notice of Adjourned Meetings issued by the Issuer on the date hereof for further details.

 

This Notice is given by

Pendeford Master Issuer PLC

35 Great St. Helen's,

London EC3A 6AP

Dated 28 June 2011.

 

 


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