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Intu Debenture Plc (69ZM)

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Thursday 03 September, 2020

Intu Debenture Plc

Non-payment of interest notice

RNS Number : 9650X
Intu Debenture PLC
03 September 2020
 

INTU DEBENTURE PLC

 

LEI: 213800UX3TM5RGB1UF29

 

Notice to Stockholders (the "Notice")

3 September 2020

£354,876,000 5.562 per cent. First Mortgage Debenture Stock due 2027 (the "Stock")

issued by

INTU DEBENTURE PLC (the "Company")

(incorporated with limited liability in England and Wales with registered number 05890611)

NOTICE IS HEREBY GIVEN that the Company did not make the payment of the Scheduled Interest Amount, pursuant to the conditions of the Stock, or the payment of the Scheduled Redemption Amount (together, the "Deferred Payments") which were due on 7 August 2020. The 14 day grace period for non-payment of the Deferred Payments set out in Condition 16(i) of the Stock expired on 21 August 2020. The Deferred Payments were due to be made pursuant to amendments made to the Conditions of the Stock agreed by way of an Extraordinary Resolution passed on 23 July 2020 and set out in the supplemental trust deed dated 30 July 2020 between the Company, the Charging Subsidiaries (as defined in the Trust Deed) and The Law Debenture Trust Corporation p.l.c. (the "Supplemental Trust Deed"). The Company will continue to keep holders of the Stock notified of any relevant developments in accordance with applicable law and regulation.  

Capitalised terms used in this Notice and not otherwise defined shall have the meanings given to them in the Supplemental Trust Deed and the trust deed dated 5 October 2006 (as amended and supplemented from time to time, the "Trust Deed") constituting the Stock and made between the Company, the Charging Subsidiaries (as defined in the Trust Deed), and The Law Debenture Trust Corporation p.l.c., unless the context otherwise requires.

Stockholders should contact the following for further information:

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: 3 September 2020

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