Thames Water Utilities Cayman Fin. Results of Consent Solicitation (3225R)
December 08 2016 - 4:46AM
UK Regulatory
TIDM38DO TIDMTTM
RNS Number : 3225R
Thames Water Utilities Cayman Fin.
08 December 2016
THAMES WATER UTILITIES CAYMAN FINANCE LIMITED ANNOUNCES RESULTS
OF CONSENT SOLICITATION
8 December 2016
Thames Water Utilities Cayman Finance Limited (the "Issuer")
announces today the results of the meeting convened for holders of
the GBP400,000,000 7.241 per cent. Guaranteed Class A Unwrapped
Puttable Callable Reset Bonds due 2058 (XS0356007012) (the
"Bondholders") issued by the Issuer and unconditionally and
irrevocably guaranteed by Thames Water Utilities Limited, Thames
Water Utilities Holdings Limited, Thames Water Utilities Finance
Limited and Thames Water Utilities Cayman Finance Holdings Limited,
issued under the Issuer's GBP10,000,000,000 Multicurrency programme
for the issuance of Guaranteed Wrapped Bonds unconditionally and
irrevocably guaranteed as to scheduled payments of principal and
interest pursuant to financial guarantees issued by a Relevant
Financial Guarantor and Guaranteed Unwrapped Bonds financing Thames
Water Utilities Limited (the "Bonds") to vote in respect of the
Extraordinary Resolution to approve the Proposals (including
assenting to certain amendments to the terms and conditions of the
Bonds) as set out in the Consent Solicitation Memorandum dated 16
November 2016 and the announcement dated 28 November 2016 setting
out certain further information in connection therewith.
Capitalised terms used but not defined herein shall have the
meanings given to them in the solicitation memorandum dated 16
November 2016.
Notice is hereby given to the Bondholders that at a meeting of
the Bondholders convened by the notice dated 16 November 2016 (the
"Notice") and held at the offices of Linklaters LLP, One Silk
Street, London, EC2Y 8HQ on 8 December 2016 at 9.00 a.m. (London
time) the Extraordinary Resolution set out in such Notice was duly
passed by a majority of 94.41 per cent. of votes cast.
Accordingly, the modifications referred to in the Extraordinary
Resolution will be implemented with effect on and from 8 December
2016.
This notice is given by:
Thames Water Utilities Cayman Finance Limited in its capacity as
Issuer
This information is provided by RNS
The company news service from the London Stock Exchange
END
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