Intu Debenture Plc

Notice of Revised Capital Sum Release Documents

RNS Number : 6822T
Intu Debenture PLC
21 July 2020
 

INTU DEBENTURE PLC

LEI: 213800UX3TM5RGB1UF29

21 July 2020

Notice of Revised Capital Sum Release Documents

THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IF YOU ARE IN ANY DOUBT ABOUT THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT IMMEDIATELY YOUR STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT OR OTHER PROFESSIONAL ADVISER AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000.

If you have recently sold or otherwise transferred all or any of your holding(s) of the Stock referred to below, you should contact Link Asset Services (the "Registrar").

 

£354,876,000 5.562 per cent. First Mortgage Debenture Stock due 2027

issued by

INTU DEBENTURE PLC (the "Company")

(incorporated with limited liability in England

and Wales with registered number 05890611)

 

Capitalised terms used in this notice and not defined herein have the meanings ascribed to them in the notice of meeting dated 29 June 2020 (the "Notice of Meeting").

NOTICE IS HEREBY GIVEN that, further to the announcement on 29 June 2020, in connection with the Notice of Meeting and the Meeting to be held on 23 July 2020, and the announcement on 9 July 2020, the Capital Sum Release Documents listed below have been revised and execution versions prepared thereof (as would be required if the Extraordinary Resolution proposed in the Notice of Meeting is approved). An amendment has been made to a provision of the composite security agreement to facilitate lease negotiations, subject to the approval of an independent director. The Company is pleased to announce the appointment of David Duggins as a member of its board of directors, who will served as the independent director. Otherwise, revisions to the Capital Sum Release Documents are limited to correcting certain technical or typographical errors, completing missing information and other details, and generally preparing the documents for execution.

Execution versions of the revised Capital Sum Release Documents listed below, marked to indicate changes to the drafts made available on 9 July 2020, are now available to Stockholders (or people who hold a beneficial interest in the Stock) who have provided evidence of their holding satisfactory to the Trustee on a secure web portal, the details of which are available from the Trustee who can be contacted at [email protected] Each revised Capital Sum Release Document made available as set out above supersedes the previous draft of such Capital Sum Release Document and Stockholders are deemed to have notice of these changes.

Execution versions of the revised Capital Sum Release Documents available are:

i)  the Supplemental Trust Deed;

ii)  the Escrow Agreement;

iii)  the composite security agreement to be entered into between the Trustee, the Company and certain of the Company's subsidiaries;

iv)  a guarantee of the obligations of the Company and its subsidiaries in respect of the Stock given in favour of the Trustee;

v)  a charge over the shares owned by the Company in Steventon Limited in favour of the Trustee; and

vi)  a duty of care deed to be entered into between Intu Property Management Limited, The Potteries Limited Partnership and the Trustee in relation to the collection and payment of car park income at The Potteries Shopping Centre.

Also available is the explanatory note distributed by the Company to Stockholders in relation to the Capital Sum Release Documents.

For further information, Stockholders should view the Notice of Meeting (available at https://data.fca.org.uk/artefacts/NSM/Portal/NI-000007057.pdf) or contact the following:

Company

Intu Debenture plc
40 Broadway
London SW1H 0BT
United Kingdom

Email:  [email protected]
Attention:  Company Secretary

 

Registrar

Link Asset Services
34 Beckenham Road
Beckenham, BR3 4TU
United Kingdom

Telephone:   +44 371 664 0300
(Calls are charged at the standard geographic rate and will vary by provider. Calls outside the United Kingdom will be charged at the applicable international rate. Open between 09:00 - 17:30, Monday to Friday excluding public holidays in England and Wales)

Email:  [email protected]

Alvarez & Marsal Europe LLP and Milbank LLP have been retained as financial and legal advisers to an ad hoc group of Stockholders. Their contact details are as follows: [email protected] and [email protected]

 

This Notice is given by INTU Debenture PLC

Dated: 21 July 2020

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
FURDFLFLBDLFBBE