NewDay Funding 2017-1 PLC Certain Amendments (2113U)
July 10 2018 - 11:01AM
UK Regulatory
TIDM75FO
RNS Number : 2113U
NewDay Funding 2017-1 PLC
10 July 2018
THIS NOTICE CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE
REGISTERED AND BENEFICIAL OWNERS OF THE NOTES (AS DEFINED BELOW).
IF APPLICABLE, ALL DEPOSITARIES, CUSTODIANS AND OTHER
INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO PASS THIS
NOTICE TO SUCH BENEFICIAL OWNERS IN A TIMELY MANNER.
If you are in any doubt as to the action you should take, you
are recommended to seek your own financial advice immediately from
your stockbroker, bank manager, solicitor, accountant or other
financial adviser authorised under the Financial Services and
Markets Act 2000 (if you are in the United Kingdom), or from
another appropriately authorised independent financial adviser and
such other professional advice from your own professional advisers
as you deem necessary.
This Notice is addressed only to current holders of the Notes
(as defined below) and persons to whom it may otherwise be lawful
to distribute it ("relevant persons"). It is directed only at
relevant persons and must not be acted on or relied on by persons
who are not relevant persons. Any investment or investment activity
to which this Notice relates is available only to relevant persons
and will be engaged in only with relevant persons.
If you have recently sold or otherwise transferred your entire
holding(s) of Notes referred to below, you should immediately
forward this document to the purchaser or transferee or to the
stockbroker, bank or other agent through whom the sale or transfer
was effected for transmission to the purchaser or transferee.
THIS NOTICE DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT
BE CONSTRUED AS, AN OFFER FOR SALE, EXCHANGE OR SUBSCRIPTION OF, OR
A SOLICITATION OF ANY OFFER TO BUY, EXCHANGE OR SUBSCRIBE FOR, ANY
SECURITIES OF THE ISSUER OR ANY OTHER ENTITY IN ANY
JURISDICTION.
NEWDAY FUNDING 2017-1 PLC
35 Great St. Helen's
London EC3A 6AP
(the "Issuer")
RNS ANNOUNCEMENT IN RESPECT OF CERTAIN AMENDMENTS
to current holders of the following notes of the Issuer
presently outstanding
GBP125,000,000 Class A Asset Backed Floating Rate Notes due 2020
(ISIN: XS1634772468 Common Code: 163477246)
GBP19,250,000 Class B Asset Backed Floating Rate Notes due 2020
(ISIN: XS1634772971
Common Code: 163477297)
GBP28,250,000 Class C Asset Backed Floating Rate Notes due 2020
(ISIN: XS1634774084
Common Code: 163477408)
GBP35,500,000 Class D Asset Backed Floating Rate Notes due 2020
(ISIN: XS1634774167
Common Code: 163477416)
GBP19,750,000 Class E Asset Backed Floating Rate Notes due 2020
(ISIN: XS1634803792
Common Code: 163480379)
GBP16,500,000 Class F Asset Backed Floating Rate Notes due 2020
(ISIN: XS1634834912
Common Code: 163483491)
(the "Notes")
In connection with the Notes issued by the Issuer on 5 July
2017, certain amendments have been made to the Master Framework
Agreement dated 24 June 2015 and the Receivables Securitisation
Deed dated 24 June 2015 with effect from 10 July 2018 in order to
(i) provide that the full balance standing to the credit of the
Originator Ring-fenced Account, up to the aggregate of all credit
balances on Designated Accounts, will form part of the Eligible
Receivables Balance and (ii) remove the concept of Originator
Ring-fenced Credit Balance Surplus and Obligor Overpayments.
The amendments reflect the implementation of the Payment
Services Regulations 2017 and changes to the manner in which the
Originator Ring-fenced Account is funded.
The amendments have been made alongside equivalent amendments to
the NewDay Group's own-brand master trust funding platform as
regards the equivalent definitions for each Series. The amendments
reflect the terms of the latest Series 2018-1 issuance under the
own-brand master trust.
Capitalised terms used, but not defined, in this Notice have the
meanings given to them in the prospectus dated 30 June 2017 issued
in respect of the Notes.
Should any Noteholder have any queries in relation to this
Notice, such Noteholder should contact the Issuer using the below
contact details.
Contact Details:
Issuer: 35 Great St. Helen's
London EC3A 6AP
Email: directors-uk@intertrustgroup.com
Attention: The Directors
This Notice is given by
NEWDAY FUNDING 2017-1 PLC
as Issuer
Dated 10 July 2018
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
STRSFMFLSFASEIW
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