Intu Debenture PLC Results of AGM & Update on XSite, Braehead (5005G)

TIDM69ZM

RNS Number : 5005G

Intu Debenture PLC

15 November 2022

Intu Debenture PLC

Notice of Meeting Result

Intu Debenture PLC

LEI: 213800UX3TM5RGB1UF29

GBP354,876,000 5.562 per cent. First Mortgage Debenture Stock 2027 (the "Stock")

INTU DEBENTURE PLC (THE "COMPANY") ANNOUNCES RESULT OF ANNUAL GENERAL MEETING AND UPDATE ON SNOW FACTOR AT XSITE, BRAEHEAD

15 November 2022

Result of Annual General Meeting and update on Snow Factor at XSite, Braehead

The Company confirms that, at the Annual General Meeting of Shareholders held today, 15 November 2022, the Shareholders voted in favour of the following resolution which was duly passed as follows:

To receive the Company's audited financial statements for the period ended 31 December 2020 together with the related directors' and auditor's report.

Additionally, the Company wishes to announce that, following ongoing legal proceedings which have previously been reported, the Company has today obtained a court order giving the Company and its subsidiaries immediate possession of the Snow Factor premises at XSite, Braehead. XSite remains fully open for business, but the ski slope business will be closed whilst a transition is undertaken. The Company will continue to keep Stockholders notified of any relevant developments on this matter in accordance with applicable law and regulation.

Please note that the Trustee has not been involved in the preparation or formulation of this announcement and expresses no views or opinions on this announcement. Stockholders are advised to take their own legal, financial and/or tax advice in relation to this announcement.

Stockholders should contact the following for further information:

Company

Simmons & Simmons LLP

Citypoint

1 Ropemaker Street

London

EC2Y 9SS

United Kingdom

Email: intu@simmons-simmons.com

Attention: James Taylor

Registrar

Link Group

10(th) Floor

PXS 1

Central Square

29 Wellington Street

Leeds, LS1 4DL

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: shareholderenquiries@linkgroup.co.uk

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: ProjectIrisAMTeam@alvarezandmarsal.com and Iris@milbank.com.

This announcement is made by Intu Debenture PLC

Dated: 15 November 2022

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