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Pearl Grp Hld (No.1) (36RW)


Wednesday 06 May, 2009

Pearl Grp Hld (No.1)

Bond Holder Meeting

RNS Number : 7741R
Pearl Group Holdings (No.1) Ltd
06 May 2009

Pearl Group Holdings (No. 1) Limited (the 'Issuer')


£500,000,000 6.5864% per cent Fixed/Floating Rate Perpetual Reset Capital Securities

(the 'Notes')


6 May 2009


Bondholder Meeting

The Board of Pearl Group Holdings (No. 1) Limited as issuer of the £500,000,000 6.5864 per cent. Fixed/Floating Rate Perpetual Reset Capital Securities (XS0235245205) (the 'Notes'announces that as previously notified to bondholders on 7 April a meeting of bondholders is being held at 12.15pm today at which the Issuer proposes to discuss with bondholders:

(i)    the deferral of the coupon due on the Notes announced by the Issuer on 25 March 
       2009 (RNS Number: 2866P) and the consequential effects in relation to capital 
       restrictions and the Alternative Coupon Satisfaction Mechanism (as defined in 
       Condition 6 of the terms and conditions of the Notes); and

(ii)    the Issuer's position, and the consequential ranking of the Notes, in the Issuer's Group.


A presentation will made available to the bondholders at that meeting. The presentation is available on the website of Pearl Group Limited (

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