Stock Redemption & Repurchase
Northumbrian Water Group PLC
21 April 2005
Northumbrian Water Limited (the "Company") - Redemption of the 3.75 per cent.
Redeemable Debenture Stock 2012, the 4.25 per cent. Redeemable Debenture Stock
2012 and the 5.25 per cent. Redeemable Debenture Stock 2012 (the "3.75 per cent.
Redeemable Debenture Stock", the "4.25 per cent. Redeemable Debenture Stock" and
the "5.25 per cent. Redeemable Debenture Stock" and together the "Redeemable
Debenture Stock") and repurchase of all of the 3.5 per cent. Perpetual Debenture
Stock and part of the outstanding 4 per cent. Perpetual Debenture Stock and 5
per cent. Perpetual Debenture Stock (the "3.5 per cent. Perpetual Debenture
Stock", the "4 per cent. Perpetual Debenture Stock" and the "5 per cent.
Perpetual Debenture Stock" and together the "Perpetual Debenture Stock") of the
Company and notice of intention to cancel the listing of any Perpetual Debenture
Stock not repurchased
The Company hereby announces that pursuant to Condition 4 of the Conditions of
each of the relevant Redeemable Debenture Stock, on 20 April 2005, the Company
redeemed all of the £250,000 3.75 per cent. Redeemable Debenture Stock, all of
the £710,000 4.25 per cent. Redeemable Debenture Stock and all of the £704,507
5.25 per cent. Redeemable Debenture Stock at par, together with interest accrued
up to, but excluding, 20th April 2005. All Redeemable Debenture Stock so
redeemed was cancelled on the date of redemption.
The Company further announces that pursuant to an offer made to holders of the
Perpetual Debenture Stock on 14 March 2005, on 20 April 2005, it repurchased all
of the £200,000 in nominal amount outstanding of the 3.5 per cent. Perpetual
Debenture Stock, £800,514 in nominal amount of the 4 per cent. Perpetual
Debenture Stock and £1,056,388 in nominal amount of the 5 per cent. Perpetual
Debenture Stock for cash consideration of, in each case, £1 in respect of each
£1 in nominal amount of the relevant class of the Perpetual Debenture Stock plus
accrued interest to, but excluding, 20 April 2005. £16,426 in nominal amount of
the 4 per cent. Perpetual Debenture Stock and £3,360 in nominal amount of the 5
per cent. Perpetual Debenture Stock remain outstanding. Upon despatch to holders
of the relevant Perpetual Debenture Stock of their relevant share of the
consideration together with accrued interest as set out above, on 20 April 2004,
the holding of the Perpetual Debenture Stock of such relevant holders was
reduced to zero in the register of the relevant Perpetual Debenture Stock held
at Computershare Investor Services PLC (the "Registrar") and the Registrar
cancelled the certificate representing the repurchased Perpetual Debenture
Stock.
It is further announced that the Company will today notify the UK Listing
Authority of (i) the redemption of all of the relevant Redeemable Debenture
Stock, (ii) the repurchase of the requisite amount of the Perpetual Debenture
Stock, as set out above and (iii) that it wishes to cancel the listing on the
Official List of the outstanding 4 per cent. Perpetual Debenture Stock and 5 per
cent. Perpetual Debenture Stock with effect from 8 a.m. 23 May 2005, in
compliance with the required minimum 20 business days' notice of intended
cancellation made through a Regulatory Information Service. In the meantime,
trading in the outstanding 4 per cent. Perpetual Debenture Stock and 5 per cent.
Perpetual Debenture Stock will continue on normal market basis until the
cancellation of the listing. With effect from 23 May 2005, the listing of the 4
per cent. Perpetual Debenture Stock and 5 per cent. Perpetual Debenture Stock on
the Official List and their trading on the London Stock Exchange plc's market
for listed securities will be terminated.
Northumbrian Water Limited
(Incorporated and registered in England and Wales with registered number
2366703)
Registered Office:
Northumbria House, Abbey Road,
Pity Me, Durham DH1 5FJ
Dated: 21st April 2005
This information is provided by RNS
The company news service from the London Stock Exchange
Latest directors dealings
- 1 hour ago Barratt Redrow
- 3 hours ago eEnergy Group
- 3 hours ago Ultimate Products
- 3 hours ago Orosur Mining Inc
- 16 hours ago Rathbones Group