Anglian Water Ser Notice of Approval of Written Resolution

 
TIDM71GA 
 
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR 
MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF 
THE MARKET ABUSE REGULATION (EU) 596/2014, AS AMENDED BY THE MARKET ABUSE 
(AMENDMENT) (EU EXIT) REGULATIONS 2019 (SI 2019/310) ("MAR"), AS IT FORMS PART 
OF UK DOMESTIC LAW ("UK MAR") BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 
2018, ENCOMPASSING INFORMATION RELATING TO THE WRITTEN RESOLUTION DESCRIBED 
BELOW. 
 
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF BONDHOLDERS. 
IF BONDHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD 
SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE IMMEDIATELY, INCLUDING IN RESPECT OF 
ANY TAX CONSEQUENCES, FROM THEIR INDEPENDENT LEGAL, REGULATORY, TAX, BUSINESS, 
INVESTMENT, ACCOUNTING AND/OR FINANCIAL ADVISERS OR OTHER ADVISER AUTHORISED 
UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000, AS AMENDED (IF IN THE UNITED 
KINGDOM) OR FROM ANOTHER APPROPRIATELY AUTHORISED INDEPENDENT FINANCIAL ADVISER 
AND SUCH OTHER PROFESSIONAL ADVICE FROM ITS OWN PROFESSIONAL ADVISERS AS IT 
DEEMS NECESSARY. 
 
22 December 2021 
 
ANGLIAN WATER SERVICES FINANCING PLC 
 
(incorporated with limited liability under the laws of England and Wales under 
registered number 4330322) 
(Legal Entity Identifier: 213800DL377MH46PDY63) 
 (the "Issuer") 
 
                   Notice of Approval of Written Resolution 
 
                             of the holders of the 
 
£35,000,000 Class A Unwrapped Floating Rate Bonds due 2031 (ISIN: GB00BYP7VR76) 
   (the "Bonds") unconditionally and irrevocably guaranteed by, inter alios, 
                        Anglian Water Services Limited 
      under the ?10,000,000,000 Global Secured Medium Term Note Programme 
 
                     of the Issuer presently outstanding. 
 
On 22 December 2021, the Issuer circulated a written resolution (the "Written 
Resolution") to holders of the Bonds (the "Bondholders") to assent to the 
modification of the terms and conditions of the Bonds (the "Conditions"), as 
set out in Schedule 1 to the Trust Deed, as completed by the Final Terms 
applicable to the Bonds dated 8 March 2016, and to consequential or related 
amendments to the Trust Deed and Final Terms for the Bonds, such that: 
 
 i. for the purposes of any Interest Period beginning on or after 27 December 
    2021, the Rate of Interest for such Interest Period shall be the aggregate 
    of (i) Compounded Daily SONIA, plus (ii) the applicable Margin, plus (iii) 
    0.116 per cent, being an adjustment spread; and 
ii. new fallbacks shall be included in case the applicable SONIA reference rate 
    is not available when required (including fallback provisions in case a 
    Benchmark Event occurs with respect to SONIA), 
 
all as more fully set out and (where applicable) defined in the Supplemental 
Trust Deed and/or the Amended and Restated Final Terms (together, the " 
Modifications"). 
 
Capitalised terms used but not defined in this notice of approval of written 
resolution shall have the meanings given to them in the Written Resolution. 
 
Approval of the Written Resolution 
 
Notice is hereby given to Bondholders that the Written Resolution was duly 
passed. Therefore, the Supplemental Trust Deed, Amended and Restated Final 
Terms and the Permitted Non-Core Document Amendment Certificate have been 
executed by the parties thereto and the Modifications to the Trust Deed have 
become effective as of 22 December 2021. 
 
DISCLAIMER This announcement must be read in conjunction with the Written 
Resolution. This announcement and the Written Resolution contain important 
information which should be read carefully. If any Bondholder is in any doubt 
about any aspect of these proposals and/or the action it should take, it is 
recommended to seek its own independent legal, regulatory, tax, business, 
investment, accounting and/or financial advisers or other adviser authorised 
under the Financial Services and Markets Act 2000, as amended (if in the United 
Kingdom) or from another appropriately authorised independent financial adviser 
and such other professional advice from its own professional advisers as it 
deems necessary. 
 
General 
 
The release, publication or distribution of this announcement and the Written 
Resolution in certain jurisdictions may be restricted by law and therefore 
persons in such jurisdictions into which this announcement is released, 
published or distributed should inform themselves about and observe such 
restrictions. 
 
Nothing in this announcement or the Written Resolution constitutes or form part 
of an offer to sell or the solicitation of an offer to buy or subscribe to any 
securities, nor shall there be any sale of securities in any jurisdiction in 
which such offer, solicitation or sale would be unlawful prior to registration 
or qualification under the securities laws of any such jurisdiction. Neither 
this announcement nor the Written Resolution is an offer of securities for sale 
into the United States. None of the Issuers, the Guarantors or the Bond Trustee 
will incur any liability for its own failure or the failure of any other person 
or persons to comply with the provisions of any such restrictions. 
 
Each Bondholder is solely responsible for making its own independent appraisal 
of all matters as such Bondholder deems appropriate (including those relating 
to the Written Resolution). 
 
ISSUER 
 
Anglian Water Services Financing Plc 
 
Lancaster House, Lancaster Way, 
Ermine Business Park, Huntingdon, 
Cambridgeshire, PE26 6XU 
 
Tel: +44 (0) 14 8032 3000 
Fax: +44 (0) 14 8032 3540 
Email: Treasurer@anglianwater.co.uk 
Attention: The Treasurer 
 
 
 
END
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