XPE Group PLC
Passing of Extraordinary Resolution
XPE GROUP PLC
LEI: 213800UX3TM5RGB1UF29
£354,876,000 8.75 per cent. (previously 5.562 per
cent.) First Mortgage Debenture Stock 2027
XPE GROUP PLC (THE "COMPANY") ANNOUNCES PASSING OF
EXTRAORDINARY RESOLUTION AT STOCKHOLDER MEETING
12 December 2024
Extraordinary resolutions passed at Stockholder
Meeting
Further to the Company's announcement on 15 November
2024, announcing that the Company had convened a meeting of
Stockholders held by way of videoconference on 12 December 2024 at
10:00 a.m. (GMT) (the "Meeting") at which Stockholders would
be asked to approve two Extraordinary Resolutions regarding a
change to the Trustee, Registrar and Paying Agent and proposed
amendments to the Trust Deed, amongst other matters, each such
matter more fully set out in the notice of meeting dated 15
November 2024, the Company confirms that the Meeting has taken
place and that the Extraordinary Resolutions were approved. The
Company further gives notice and confirms that the Initial
Supplemental Trust Deed and the Further Supplemental Trust Deed
have been executed and that the Effective Date (as defined in the
Further Supplemental Trust Deed) is 12 December 2024.
Stockholders are informed that, as a result of the
Initial Supplemental Trust Deed being approved and executed, the
Trustee under the Trust Deed and other Finance Documents is now
GLAS Trustees Limited. In addition, the Registrar is now GLAS
Specialist Services Limited, whose contact details are set out
below.
One of the approvals sought in the Extraordinary
Resolutions was to de-list the Stock from the London Stock
Exchange. Following implementation of the Extraordinary Resolutions
and the de-listing of the Stock, the Company will cease to make
information available via its website and the RNS service.
Information will instead be provided to Stockholders via a secure
web portal hosted by GLAS Specialist Services Limited in its
capacity as Registrar. Stockholders and persons holding a
beneficial interest in the Stock are encouraged to contact GLAS
Specialist Services Limited at tes@glas.agency to obtain access to
the secure web portal, in order to continue to receive information
under and in accordance with the terms of the Trust Deed as
amended.
The Company will continue to keep Stockholders
notified of any relevant developments in accordance with applicable
laws and regulations.
Capitalised terms used in this announcement and not
otherwise defined shall have the meanings given to them in the
Trust Deed dated 5 October 2006 (as amended and supplemented from
time to time) constituting the Stock and originally made between
the Company, the Charging Subsidiaries (as defined in the Trust
Deed), and The Law Debenture Trust Corporation p.l.c.
("Law Debenture"), unless
the context otherwise requires.
Please note that neither Law Debenture nor GLAS
Trustees Limited have been involved in the preparation or
formulation of this announcement, the Notice of Meeting or the
Extraordinary Resolutions and express no views or opinions on this
announcement, the Notice of Meeting, or the Extraordinary
Resolutions. Stockholders are advised to take their own legal,
financial and/or tax advice in relation to this announcement, the
Notice of Meeting and the Extraordinary Resolutions.
Stockholders should contact the following for further
information:
Company
XPE Group PLC
c/o Pradera Lateral Limited
5th Floor
20 Fenchurch Street
London
EC3M 3BY
Email:
XPE@praderalateral.com
Attention:
Matt Beddow
Registrar
GLAS Specialist Services Limited
55 Ludgate Hill
London
EC4M 7JW
Email:
tes@glas.agency
This announcement is made by XPE Group PLC
Dated: 12 December 2024