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Wednesday 01 April, 2020

Herefordshire H

Change of Name

RNS Number : 4938I
Herefordshire Housing Limited
01 April 2020
 

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF BONDHOLDERS. IF BONDHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000 IMMEDIATELY.

 

Herefordshire Capital Plc

(a public company incorporated with limited liability under the laws of England and Wales with registration number 9279170, whose registered office is at Legion Way, Hereford, Herefordshire, HR1 1LN)

(the Issuer)

 

NOTICE

to the holders of the

£120,000,000 4.193 per cent. secured bonds due 2049

(ISIN: XS1144944961)

(the Bonds) 

of the Issuer presently outstanding (the Bondholders)

 

NOTICE IS HEREBY GIVEN to the Bondholders as follows:

1.  In connection with the issue of the Bonds the Issuer entered into a loan agreement as lender with Herefordshire Housing Limited (the Borrower) and Prudential Trustee Company Limited (the Security Trustee) dated 28 November 2014 setting out the on-lending arrangements from the Issuer to the Borrower in respect of the issue proceeds of the Bonds (the Bond Loan Agreement).

2.  On 1 April 2020 the Borrower converted to a registered society within the meaning of the Co-operative and Community Benefit Societies Act 2014 (the CCBSA), pursuant to section 115 of the CCBSA (the Conversion).

3.  As part of the Conversion the Borrower has changed its name to "Connexus Housing Two Limited" and has adopted new charitable constitutional rules.

4.  The consent of the Bond Trustee, the Security Trustee and the Issuer were given to the Conversion, the resulting waiver and amendments to the Bond Loan Agreement required in respect thereof, and the release of the floating charge granted by the Borrower to the Security Trustee, each in accordance with the terms of the Bond Trust Deed, the Bond Loan Agreement and the Security Trust Deed.

Terms used but not otherwise defined in this Notice have the meanings given to them in the Bond Trust Deed constituting the Bonds dated 28 November 2012 between the Issuer and Prudential Trustee Company Limited as bond trustee (the Bond Trust Deed).

This Notice is given by:

 

Herefordshire Capital PLC

Legion Way
Hereford
Herefordshire
HR1 1LN

Dated: 1 April 2020


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