Notice to Noteholders

RNS Number : 9247N

Shanks Group PLC

31 October 2016

 

31 October 2016

Release of Guarantors

SHANKS GROUP PLC

€100,000,000 4.23% guaranteed notes due 2019 (the "2019 Notes")

ISIN:  XS0949931645

Common Code:  094993164

and

€100,000,000 3.65% guaranteed notes due 2022 (the "2022 Notes")

ISIN:  XS1238024035

Common Code:  123802403

The Board of Shanks Group plc announces that, as part of a group reorganisation and pursuant to satisfying the release conditions set out in the 2019 Notes and the 2022 Notes, each of its subsidiaries, Caird Group Limited, Shanks & McEwan (Overseas Holdings) Limited, Shanks Finance Limited, Shanks Investments and Shanks Belgium Holding B.V. has been released from their obligations as guarantors of the 2019 and 2022 Notes, effective as of 31 October 2016.

The Board of Shanks Group plc also announces that two of its subsidiaries, Shanks Brussels-Brabant SA and Shanks Belgium SSC bvba, have today merged into another of its subsidiaries, Shanks Belgium NV. Shanks Belgium NV has assumed all the assets and liabilities of Shanks Brussels-Brabant SA and Shanks Belgium SSC bvba. Shanks Belgium NV continues as a guarantor of the 2019 Notes and 2022 Notes.

For further information please contact:

Philip Griffin-Smith, Company Secretary: 00 44 (0)1908 650 580

 

END

 

 

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