Notice to Noteholders

RNS Number : 0935Y

Shanks Group PLC

28 February 2017

 

Notice to Noteholders

Accession and resignation of Guarantors

Renewi plc (formerly 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 Renewi plc announces that, in accordance with Conditions 2(f) and 2(h) of the Terms and Conditions of the 2019 Notes and the 2022 Notes, each of its subsidiaries set out in Schedule 1 has acceded as a New Guarantor of the 2019 Notes and the 2022 Notes and each such guarantee came into force on 27 February 2017.

The Board of Renewi plc also announces that pursuant to satisfying the release conditions set out in the 2019 Notes and the 2022 Notes, each of its subsidiaries, Shanks Holdings Limited, Shanks Financial Management Limited, Shanks European Investments 1 Coöperatief W.A., Shanks European Investments 2 Coöperatief W.A., Shanks Netherlands Investments B.V., Orgaworld International B.V. and Shanks European Holdings Limited has been released from its obligations as a guarantor of the 2019 Notes and the 2022 Notes, effective as of 28 February 2017.

Terms defined in the trust deed dated 30 July 2013, as amended and/or supplemented from time to time, constituting the 2019 Notes and the 2022 Notes have the same meaning when used in this notice.

For further information please contact:

Philip Griffin-Smith, Company Secretary

Renewi plc

00 44 (0)1908 650 580

schedule 1

·      Shanks Nederland B.V.

·      B.V. "Icova" (Inkoop Combinatie van Afvalstoffen)

·      B.V. Van Vliet Groep Milieu-Dienstverleners

·      Smink Afvalverwerking B.V.

·      Icopower B.V.

·      Vliko B.V.

·      Klok Containers B.V.

·      Transportbedrijf Van Vliet B.V.

 

END

 

 

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