Marston's PLC COVID Update: Result of Noteholder Consent Request (6515T)
March 26 2021 - 05:34AM
UK Regulatory
TIDMMARS
RNS Number : 6515T
Marston's PLC
26 March 2021
26 March 2021
MARSTON'S PLC
("Marston's" or "the Group")
COVID-19 Update re: Results of Noteholder Consent Request
As previously announced on 4 March 2021, Marston's Issuer PLC
(the "Issuer") formally asked the holders of its Secured Class A
Notes (the "Noteholders") for a limited number of further technical
waivers ("the Proposals") during the second half of 2021 following
the lockdown restrictions introduced in December 2020. The waivers
being requested are required solely as a consequence of the
enforced temporary re-closure of its pubs in England and Wales by
the UK Government as a result of the COVID--19 pandemic
measures.
The meeting of the Noteholders took place at 10.00am today.
The Group is pleased to confirm that the Noteholders which were
present, or represented, at the meeting held 99.93 per cent of the
total amount outstanding of the Secured Class A Notes and 92.63 per
cent voted in favour of the Extraordinary Resolution regarding the
Proposals, thereby giving their consent to the technical waivers
and amendments requested by the Issuer.
As a result, the Issuer will now proceed with the implementation
of the Proposals.
ENQUIRIES:
Marston's PLC Tel: 01902 329516 Instinctif Partners Tel: 020
7457 2010/2005
Ralph Findlay, Chief Executive Justine Warren
Officer
Andrew Andrea, Chief Financial Matthew Smallwood
and
Corporate Development Officer
NOTES TO EDITORS
-- Marston's is a leading pub operator with a 40% holding in
Carlsberg Marston's Brewing Company
-- It operates an estate of around 1,500 pubs situated
nationally, comprising managed, franchised and leased pubs
-- Marston's employs around 11,000 people
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