Eurobondholder meetings

RNS Number : 4617R

Taylor Wimpey PLC

30 April 2009

 



Taylor Wimpey plc ('Taylor Wimpey' or the 'Company')

Extraordinary Resolutions passed at separate meetings of the holders of the £250,000,000 11.175% (formerly 6.625%) Bonds due 2012 (the '2012 Bondholders') and the holders of the £200,000,000 10.925% (formerly 6.375%) Bonds due 2019 (the '2019 Bondholders'), and completion of the Company's refinancing, on 30 April 2009

Taylor Wimpey is pleased to announce that, at meetings of the 2012 Bondholders and 2019 Bondholders held today at 9:00 a.m. and 9:30 a.m. respectively, the Extraordinary Resolutions set out in the notices to the 2012 Bondholders and the 2019 Bondholders published on 8 April 2009 were duly passed.

The relevant documentation amending the Group's debt facilities has become unconditional in all respects. Accordingly, the refinancing proposals announced by the Company on 7 April 2009 have now been successfully completed and the Company expects to announce its Annual Results for the year ended 31 December 2008 shortly.  As previously announced, a presentation for analysts will be held at 2:00 p.m. today.

-ends-

For further information please contact:

Taylor Wimpey plc                                                    Tel: [phone]

Pete Redfern, Group Chief Executive

Chris Rickard, Group Finance Director

Jonathan Drake, Investor Relations

Finsbury                                                                    Tel: [phone]

James Murgatroyd

Faeth Birch

 

END

 

 

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