Sky PLC EMTN Accession of Guarantor (2007 Notes) (0780R)
December 06 2016 - 3:02AM
UK Regulatory
TIDMSKY
RNS Number : 0780R
Sky PLC
06 December 2016
IMPORTANT NOTICE TO NOTEHOLDERS
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF
NOTEHOLDERS. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY
SHOULD TAKE, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL
ADVISERS IMMEDIATELY.
GBP300,000,000 6.00 per cent. guaranteed notes due 2027 (ISIN:
XS0301676861) (the "Notes")
issued by Sky plc (formerly known as British Sky Broadcasting
Group plc) and guaranteed by, amongst others, Sky Group Finance plc
(formerly known as BSkyB Finance UK plc) under the GBP1,000,000,000
Guaranteed Euro Medium Term Note Programme, as updated from time to
time (and currently the GBP5,000,000,000 Global Medium Term Note
Programme) (the "Programme")
This notice is delivered to you in respect of the Notes
constituted by the Trust Deed dated 2 April 2007, as amended,
supplemented and/or restated from time to time (the "Trust Deed")
and made between, amongst others, Sky Group Finance plc (formerly
known as BSkyB Finance UK plc) ("Sky Finance") and Sky plc
(formerly known as British Sky Broadcasting Group plc) ("Sky") as
issuers, Sky Finance, Sky, Sky UK Limited (formerly known as
British Sky Broadcasting Limited) ("Sky UK") and Sky Subscribers
Services Limited (together, the "Initial Guarantors") and BNY
Mellon Corporate Trustee Services Limited (the "Trustee"). Sky
Telecommunications Services Limited ("STSL") and Sky In-Home
Service Limited ("SHS", and together with the Initial Guarantors
and STSL, the "Original Guarantors") have previously acceded to the
Trust Deed and the Notes as additional guarantors. All words and
expressions defined in the Trust Deed shall (save as otherwise
provided herein or unless the context otherwise requires) have the
same meanings herein.
In accordance with the provisions of the Trust Deed, SHS has
been fully and unconditionally released from all obligations under
its guarantees of Indebtedness for money borrowed in excess of
GBP50,000,000 and, accordingly, SHS is deemed to be released from
all obligations under its guarantee of the outstanding Notes (the
"Release").
In addition, as a result of Sky CP Limited ("Sky CP")
guaranteeing other Indebtedness for money borrowed in excess of
GBP50,000,000, Sky has procured, in accordance with the provisions
of the Trust Deed, the accession of Sky CP as a guarantor in
respect of the Notes (the "Accession").
To record the Release and effect the Accession, the relevant
parties have entered into a third supplemental trust deed (the
"Third Supplemental Trust Deed") dated 5 December 2016 to the Trust
Deed and entered into a third supplemental agency agreement (the
"Third Supplemental Agency Agreement") dated 5 December 2016 to the
Agency Agreement dated 2 April 2007 (as amended, supplemented
and/or restated from time to time) originally entered into between,
amongst others, Sky, Sky Finance, the Trustee and The Bank of New
York Mellon, acting through its London branch.
Copies of the Third Supplemental Trust Deed and the Third
Supplemental Agency Agreement are available for inspection at the
office of Sky and each of the Paying Agents.
Dated: 6 December 2016
This information is provided by RNS
The company news service from the London Stock Exchange
END
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