Notice of meeting of Class A Noteholders

RNS Number : 9862L

Dignity PLC

10 July 2014

 

For immediate release                                                                                        10 July 2014

Dignity plc

Dignity Finance PLC - Notice of meeting of Class A Noteholders

On 18 June 2014 Dignity plc announced that its subsidiary, Dignity Finance PLC had issued a notice of meeting of the holders of the Class A Notes.

The purpose of the meeting was to seek approval, by Extraordinary Resolution of the holders of the Class A Notes, to waive certain technical defaults arising out of a technical drafting error in the Issuer/Borrower Loan Agreement ("IBLA") and to amend the drafting error in the IBLA. 

At the meeting held earlier today the quorum required for the Extraordinary Resolution to be considered was not present.  Accordingly, Dignity Finance PLC has given notice of an adjourned meeting ("Notice of Adjourned Meeting") pursuant to the provisions of the Trust Deed constituting the Notes.  The Adjourned Meeting will be held on 25 July 2014.

A copy of the Notice of Adjourned Meeting is available on the Group's website www.dignityfunerals.co.uk/corporate and will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/NSM.

The adjournment is not unexpected and reduced quorum requirements apply for the Adjourned Meeting, details of which are set out in the Notice of Adjourned Meeting.

For further information please contact:

Mike McCollum, Chief Executive

Steve Whittern, Finance Director

Dignity plc                                           [phone]

Richard Oldworth

Sophie McNulty

Clare Akhurst

Buchanan                                            [phone]

www.buchanan.uk.com

 

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