BM19 Honours A1frn29

TIDMBM19

RNS Number : 0825W

Honours PLC

12 April 2019

12 April 2019

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014

FOR DISTRIBUTION ONLY OUTSIDE THE UNITED STATES TO PERSONS OTHER THAN "U.S. PERSONS" (AS DEFINED IN REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED). NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT

HONOURS PLC

(incorporated with limited liability in England and Wales with registered number 03702189)

Announcement relating to the Investor Report published on 11 April 2019

As Noteholders are aware, monthly cash management reports are prepared by Deutsche Bank AG, London Branch (the Cash Manager), with the most recent report being published on 11 April 2019 in respect of the month ending on 31 March 2019 (the March 19 Investor Report).

Following a review of the March 19 Investor Report, certain of its entries have been adjusted as follows:

   a)   the Class A1 Noteholder principal payment: amended from GBP794,104 to GBP764,909; 
   b)   the Class A1 Noteholder pool factor: amended to 0.1159200; 
   c)   the Class D Noteholder interest payment: amended from GBP0 to GBP31,571.90; 
   d)   the amount credited to the Principal Deficiency Ledger: amended from GBP31,571.90 to GBP0; 
   e)   the  Actual Redemption Fund: amended from GBP799,502.04 to GBP767,950.14; 
   f)   the remaining balance: amended to GBP3,041.04; 
   g)   the closing PDL: amended to GBP4,314,212.21. 

These adjustments mean that:

   a)   the Class A1 Noteholders were overpaid by GBP29,195.00; and 
   b)   the Class D Noteholders were underpaid by GBP31,571.90. 

The Cash Manager is liaising with the clearing systems to effect the adjusted payments due to these Noteholders and a revised March 19 Investor Report reflecting the amended figures will be published as soon as reasonably possible.

Capitalised terms in this notice shall, except where the context otherwise requires and save where otherwise defined herein, bear the meanings ascribed to them in the Transaction Master Definitions and Framework Deed between, inter alios, the Issuer and the Security Trustee dated 10 November 2006, copies of which are available for inspection during usual business hours at the offices of the Issuer set out below.

For further information, please contact:

Honours plc

Third Floor

1 King's Arms Yard

London EC2R 7AF

   Attention:         The Directors 
   Telephone:       +44 (0) 20 7397 3600 
   Fax:                 +44 (0) 20 7397 3601 
   e-mail:             Transactionteam@wilmingtontrust.com 
   Ref:                 Honours PLC 

DISCLAIMER

This Document does not contain or constitute an offer of, or the solicitation of an offer to buy, securities to any person in the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to in this Document may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended (the Securities Act) or another exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The offer and sale of the securities referred to in this Document has not been and will not be registered under the Securities Act. There will be no public offer of the securities in the United States.

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

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

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April 12, 2019 08:16 ET (12:16 GMT)

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