Madison Park Fd V

Update on Dutch VAT (MAR)

RNS Number : 6632F
Madison Park Euro Funding V B.V.
10 March 2020
 

 

THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUIRED TO EXPEDITE TRANSMISSION HEREOF TO BENEFICIAL OWNERS OF THE NOTES IN A TIMELY MANNER. IF BENEFICIAL OWNERS OF THE NOTES ARE IN ANY DOUBT AS TO THE MATTERS REFERRED TO IN THIS NOTICE, THEY SHOULD CONSULT THEIR STOCKBROKER, LAWYER, ACCOUNTANT OR OTHER PROFESSIONAL ADVISER WITHOUT DELAY.

If you have recently sold or otherwise transferred your entire holding(s) of Notes referred to below, you should immediately forward this notice to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

UPDATE ON THE DUTCH VAT EXEMPTION ON Collateral MANAGEMENT FEES AND Collateral ADMINISTRATION FEES

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION IN THE MEANING OF THE MARKET ABUSE REGULATION (EU) 596/2014.

 Madison Park Euro Funding V B.V.
 ( a private company with limited liability incorporated under the laws of The Netherlands, having its statutory seat in Amsterdam with a registered number of 852704471)
(the "Issuer")

regarding any and all notes issued by the Issuer and currently outstanding
(the "Notes")

This notice is released by the Issuer and contains inside information of the Market Abuse Regulation (EU) 596/2014 (MAR), encompassing information relating to the Notes described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this notice is made by the Managing Directors of the Issuer.

We refer to the applicable trust deed dated 13 August 2013 (as amended, amended and restated, supplemented or otherwise modified from time to time) made between, inter alios, the Issuer, the Trustee and the Portfolio Manager (each term as defined therein), including the conditions of the relevant Notes included therein (the "Conditions"), pursuant to which the Notes were constituted (the "Trust Deed"). Terms defined in the Trust Deed (including the Conditions) shall have the same meaning when used in this notice unless the context requires otherwise.

Further to the notice published by the Issuer on 21 February 2020, the Issuer hereby announces that it has been orally informed by the Dutch tax authorities that they will not apply their recently revised position on the VAT exemption pursuant to which they consider that VAT is payable on the portfolio management fee and collateral administration fee with retroactive effect and that the Dutch tax authorities are currently considering the term of a grace period.

This notice and any non-contractual obligations arising out of or in connection with this notice will be governed by and shall be construed in accordance with the laws of The Netherlands.   Any dispute arising out of or in connection with this notice (including, without limitation, disputes relating to any non-contractual obligations arising out of or in connection with this letter) shall be submitted to the exclusive jurisdiction of the competent courts of Amsterdam, The Netherlands.

No person has been authorised to give information, or to make any representation in connection therewith, other than as contained herein. The delivery of this notice at any time does not imply that the information in it is correct as at any time subsequent to its date.

10 March 2020

 

 

________________________________________________

 Madison Park Euro Funding V B.V. (as the Issuer)

 

Contact:

The Managing Directors

[email protected]

 

 

 

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

 


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