Litigation

Meridian Hospital Company PLC

23 July 2026

 

Meridian Hospital Company PLC

£91,200,000 4³/₁₆ PER CENT. SECURED INDEXED-LINKED BONDS DUE 2028 (the "Bonds")

(ISIN: XS0088950075)

RNS Announcement

Notice of Dispute arising at Queen Elizabeth Hospital, Greenwich

On Wednesday 25^th February 2026, Lewisham and Greenwich NHS Trust (the "Trust") issued a letter Notifying of a Dispute arising from interpretation and application of the deductions regime under the Concession Agreement to Meridian Hospital Company PLC (the "Company").  The discussions between the parties have continued since receipt of the letter with the aim of resolving this issue and reverting to the ongoing settlement discussions including FM Service Provider. After a number of meetings and revised offers from the FM Service Provider the Trust ended discussions on 11 July, 2026 formal dispute papers are expected to be delivered to the Company by the Trust in the near future. The Company and the Trust are in the process of agreeing appointments to a dispute panel. Discussions between the Trust and the Company on a settlement of issues excluding the PMR dispute, continue.

This notice does not constitute a Trigger Event under the Bond Trust Deed between the Company and M&G Trustee Company Limited and the associated withholding will not have a material impact on the Company or its ability to service the debt with payments made on schedule on 30^th June 2026.

The Company has informed the Bond Trustee that no Event of Default has been triggered under the Bond Trust Deed.

Enquiries

Company Secretary

Tanya Starukh

For and on behalf of

Vercity Social Infrastructure (UK) Limited

8 White Oak Square

London Road

Swanley

BR8 7AG

Important information 

This announcement is not a prospectus, is distributed for information purposes only and does not constitute or form part of any offer or invitation to issue, acquire or dispose of any securities in any jurisdiction. Nothing in this document is intended to amount to an invitation or inducement to engage in investment activity. Nothing in this document amounts to the giving of advice. If you are in any doubt as to the action you should take, you should consult a professional adviser. 

M&G Trustee Company Limited reserves all of the rights, powers, claims and remedies available to it under the Transaction Documents and applicable law. No delay or forbearance by M&G Trustee Company Limited to exercise any right or remedy accruing under the terms of the Transaction Documents, other documentation relating thereto or under applicable law, shall impair any such right or remedy or constitute a waiver thereof or an acquiescence therein. Please note that this notice is not intended and should not be construed as investment, accounting, financial, legal, tax, or other advice by or on behalf of the Trustee, or its directors, officers, affiliates, attorneys, or employees. Each person or entity receiving this notice should seek the advice of its own advisors in respect of the matters set forth herein.

 

END