Notice of Interest Payments-2
30 June 2009
TAYLOR WIMPEY PLC
(incorporated with limited liability in England and Wales with registration number 00296805)
NOTICE TO THE HOLDERS OF £200,000,000 10.925% BONDS DUE 2019 (ISIN: XS0193226965) (THE 'BONDS')
Interest payments to be made to the holders of
the Bonds (the 'Bondholders') on 30 June 2009
In accordance with the terms and conditions applicable to the Bonds (as set out in the Supplemental Trust Deed dated 30 April 2009 (the 'Supplemental Trust Deed')), payments of £12,551,767.85 in aggregate in respect of accrued interest will be made to the Bondholders on 30 June 2009.
This is based on the amount of principal currently outstanding following the partial prepayments of £35,191,084.30 (comprising £32,915,433.00 in respect of principal and £2,275,651.30 in respect of accrued interest) and £6,299,111.81 (comprising £5,878,610.00 in respect of principal and £420,501.81 in respect of accrued interest) on 1 June 2009 and 9 June 2009 respectively (being, in each case, the date upon which the Restructuring Agent received the relevant prepayments, on account of the Bondholders, in accordance with Condition 7(17) of the terms and conditions applicable to the Bonds) plus the Deferred Amount of £1,160,496.00 in aggregate, which was added to the principal on 9 June 2009.
Interest has been calculated using the following rates:
|
From and including 24 May 2008 to but excluding 30 April 2009 |
6.375% |
|
From and including 30 April 2009 to but excluding 30 June 2009 |
10.925% |
Each Bondholder will be entitled to receive, for each £1,000 in nominal amount of the Bonds held by such Bondholder as at 29 June 2009, the following amount:
|
Interest accrued (per £1,000 in nominal amount of the Bonds) |
£ 62.75883925 |
Each Bondholder's entitlement will, if necessary, be rounded downwards to the nearest penny.
For each £1,000 in principal amount of the Bonds which was originally outstanding,
£811.832265 of principal (including the Deferred Amount) remains outstanding.
All capitalised terms used in this notice have the meanings given in the Supplemental Trust Deed, except where otherwise defined.
-ends-
For further information please contact:
|
Taylor Wimpey plc Pete Redfern, Group Chief Executive Chris Rickard, Group Finance Director Jonathan Drake, Investor Relations |
Tel: +44 (0) 20 7355 8109 |
|
Finsbury Faeth Birch Clare Strange |
Tel: +44 (0) 20 7251 3801 |
This information is provided by RNS
Latest directors dealings
- 8 hours ago Johnson Matthey
- 9 hours ago Galliford Try
- 9 hours ago Galliford Try
- 9 hours ago Centrica
- 10 hours ago Smith & Nephew