84VF York Water5.375

TIDM84VF

RNS Number : 0504S

Yorkshire Water Services FinanceLtd

20 June 2018

YORKSHIRE WATER SERVICES FINANCE LIMITED ANNOUNCES THE RESULTS OF A MEETING IN RELATION TO EACH SERIES OF BONDS SET OUT IN THE SCHEDULE TO THIS NOTICE (TOGETHER, THE "BONDS")

20 June 2018

Yorkshire Water Services Finance Limited (the "Issuer") announces today the results of a meeting convened for holders (the "Holders") of the Bonds to vote in respect of the Extraordinary Resolutions to, among other things, approve the Proposals and to assent to and authorise the Bond Trustee to vote in favour of the STID Proposal in accordance with the terms of the STID, vote in favour of the entry by the Security Trustee or Bond Trustee into the relevant documentation including, in respect of the STID Proposal, amended and restated forms of the Finance Documents, authorise the Bond Trustee to approve the relevant Substitution Proposal and vote in favour of the entry by the Bond Trustee or Security Trustee into the relevant documentation in respect of and to effect such Substitution Proposal, each as set out in the Solicitation Memorandum dated 29 May 2018 (the "Solicitation Memorandum").

Capitalised terms used but not defined in this announcement have the same meaning given to them in the Solicitation Memorandum.

Notice is hereby given to the Holders of the Bonds that at a meeting of the Holders convened by the notice dated 29 May 2018 (the "Notice of Meeting") and held at the offices of Linklaters LLP, One Silk Street, London EC2Y 8HQ on 20 June 2018 at 12:00 p.m. (London time), the necessary quorum was achieved (with 66.87 per cent. of the aggregate principal amount outstanding being represented) and the First Extraordinary Resolution detailed in the Notice of Meeting previously notified to the Holders in accordance with the terms of the relevant Bond Trust Deed (as defined in the Notice of Meeting) for the Bonds was not duly passed (with only 50.53 per cent. of votes being cast in favour).

Further, notice is hereby given to the Holders of the Bonds that at the same meeting, the Second Extraordinary Resolution detailed in the Notice of Meeting previously notified to the Holders in accordance with the terms of the relevant Bond Trust Deed (as defined in the Notice of Meeting) for the Bonds was not duly passed (with only 50.53 per cent. of votes being cast in favour).

Given that the Second Extraordinary Resolution has not passed, the substitution of the Issuer will not proceed. As a result, the Instruction Fee will not be paid to Holders of the Bonds and Holders of the Bonds will shortly receive confirmations that their Bonds have been unblocked in the applicable clearing system.

This notice is given by:

YORKSHIRE WATER SERVICES FINANCE LIMITED

in its capacity as Issuer

20 June 2018

Legal Entity Identifier number: 213800SPVHJCCUH13862

Schedule

1. GBP200,000,000 5.50 per cent. Guaranteed Bonds due 2037 (XS0302054050) (guaranteed by Yorkshire Water Services Limited, Yorkshire Water Services Holdings Limited, Yorkshire Water Services Odsal Finance Limited, Yorkshire Water Services Bradford Finance Limited and Yorkshire Water Services Odsal Finance Holdings Limited)

2. GBP65,000,000 1.8225 per cent. Guaranteed Retail Price Index-Linked Bonds due 2050 (XS0304850927) (guaranteed by Yorkshire Water Services Limited, Yorkshire Water Services Holdings Limited, Yorkshire Water Services Odsal Finance Limited, Yorkshire Water Services Bradford Finance Limited and Yorkshire Water Services Odsal Finance Holdings Limited)

3. GBP125,000,000 1.462 per cent. Guaranteed Retail Price Index-Linked Bonds due 2051 (XS0275930203) (guaranteed by Yorkshire Water Services Limited, Yorkshire Water Services Holdings Limited, Yorkshire Water Services Odsal Finance Limited, Yorkshire Water Services Bradford Finance Limited and Yorkshire Water Services Odsal Finance Holdings Limited)

4. GBP85,000,000 1.75756 per cent. Guaranteed Retail Price Index-Linked Bonds due 2054 (XS0302790000) (guaranteed by Yorkshire Water Services Limited, Yorkshire Water Services Holdings Limited, Yorkshire Water Services Odsal Finance Limited, Yorkshire Water Services Bradford Finance Limited and Yorkshire Water Services Odsal Finance Holdings Limited)

5. GBP125,000,000 1.46 per cent. Guaranteed Retail Price Index-Linked Bonds due 2056 (XS0275222114) (guaranteed by Yorkshire Water Services Limited, Yorkshire Water Services Holdings Limited, Yorkshire Water Services Odsal Finance Limited, Yorkshire Water Services Bradford Finance Limited and Yorkshire Water Services Odsal Finance Holdings Limited)

6. GBP100,000,000 1.7085 per cent. Guaranteed Retail Price Index-Linked Bonds due 2058 (XS0305261553) (guaranteed by Yorkshire Water Services Limited, Yorkshire Water Services Holdings Limited, Yorkshire Water Services Odsal Finance Limited, Yorkshire Water Services Bradford Finance Limited and Yorkshire Water Services Odsal Finance Holdings Limited)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

ROMPGURWQUPRGAU

(END) Dow Jones Newswires

June 20, 2018 11:40 ET (15:40 GMT)

Grafico Azioni York Water5.375 (LSE:84VF)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni York Water5.375 (LSE:84VF)
Storico
Da Giu 2023 a Giu 2024