Statement re Notice to Noteholders
November 19 2009 - 11:14AM
UK Regulatory
TIDM35PS
RNS Number : 8128C
Premiertel plc
19 November 2009
19 November 2009
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, INCLUDING AS TO ANY TAX CONSEQUENCES,
IMMEDIATELY FROM THEIR STOCKBROKER, SOLICITOR, ACCOUNTANT OR OTHER INDEPENDENT
FINANCIAL OR LEGAL ADVISER.
IMPORTANT NOTICE TO THE HOLDERS OF THE
GBP77,500,000 Class A 5.683 per cent. Bonds due 2029
ISIN XS0180245515
(the "Class A Bonds")
GBP208,707,000 Class B 6.175 per cent. Bonds due 2032
ISIN XS0180245945
(the "Class B Bonds")
issued by
Premiertel plc
(the "Issuer")
on 25 November 2003
The "Class A Bonds" and the "Class B Bonds" are together referred to as the
"Bonds".
Capitalised terms used but not otherwise defined in this notice shall have the
meanings ascribed to them in the Terms and Conditions of the Bonds set out in
the Trust Deed (the "Trust Deed") dated 25 November 2003 and entered into
between the Issuer and Bank of America Trustees Limited (formerly known as
LaSalle Global Trust Services Limited (previously ABN AMRO Trustees Limited)) as
trustee (the "Trustee") and the Masters Definition Schedule signed for
identification on 25 November 2003.
In accordance with normal practice, the Issuer gives no advice as to the actions
that the holders of the Notes should take. Noteholders should take their own
advice on the contents of this notice.
The below communication is made without prejudice to any and all of the Issuer's
rights under the Transaction Documents relating to the Notes, all of which are
expressly reserved.
We refer to the notice to Bondholders issued by the Issuer and the Trustee on 6
April 2009 (the "Standby Drawing Repayment Notice") The Issuer assumes that all
Bondholders have received this notice and are familiar with its contents.
Further to recent queries raised by Bondholders, the Issuer notes that on 25
June 2009, following discussions between the Borrower, the Cash Manager and the
Trustee and in accordance with the rationale for repayment of the Standby
Drawing as set out in the Standby Drawing Repayment Notice, the Issuer repaid
the Standby Drawing in accordance with Clause 6.3.3 of the Liquidity Facility
Agreement.
Queries may be addressed to the Issuer as follows:
Premiertel plc
c/o Structured Finance Management Limited
35 Great St Helen's
London EC3A 6AP
Attention: The Directors
Telephone: 020 7398 6300
Fax: 020 7398 6325
e-mail: directors@sfmlimited.com
Ref:Premiertel plc
This Notice is given by the Issuer.
19 November 2009
This information is provided by RNS
The company news service from the London Stock Exchange
END
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