Titan Europe 2006-5

Notice to Noteholders

RNS Number : 3125W
Titan Europe 2006-5 PLC
08 February 2017
 

 

THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE SUBJECT SECURITIES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITE THE RE-TRANSMITTAL TO BENEFICIAL OWNERS OF THE SECURITIES IN A TIMELY MANNER.  IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, IF ANY, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000 (IF THEY ARE IN THE UNITED KINGDOM) OR ANOTHER APPROPRIATELY AUTHORISED INDEPENDENT FINANCIAL ADVISER AND TAKE SUCH OTHER ADVICE FROM THEIR OWN PROFESSIONAL, TAX AND LEGAL ADVISERS AS THEY DEEM NECESSARY, IMMEDIATELY.

 

Notice to Noteholders

 

€330,000,000 Class A1 Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277721618/XS0277724398)

€50,000 Class X Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277735758/XS0277736301)

€112,300,000 Class A2 Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277725361/XS0277725874)

€61,893,000 Class A3 Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277726500/XS0277727490)

€56,807,000 Class B Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277728381/XS0277729272)

€43,000,000 Class C Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277729439/XS0277731179)

€37,000,000 Class D Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277732144/XS0277732656)

€5,000,000 Class E Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277733548/XS0277733894)

€14,868,755 Class F Commercial Mortgage Backed Floating Rate Notes due 2019
(XS0277734199/XS0277734785)

€50,000 Class V Commercial Mortgage Backed Floating Rate Notes due 2019

(together, the "Notes")

 

issued by Titan Europe 2006-5 p.l.c. (the "Issuer")

on 19 December 2006

 

 

The EU Market Abuse Regulation (596/2014) requires disclosure of inside information relating to the Issuer.

 

Terms used and not defined herein shall have the meaning ascribed to them in the Prospectus in relation to the Notes dated 19 December 2006 and the notices to Noteholders dated 10 August 2015, 8 September 2015 and 5 August 2016.

 

We refer to the notices to Noteholders dated 10 August 2015, 8 September 2015, 5 August 2016 and 6 February 2017 in relation to the Quartier 206 Shopping Centre Borrower Claim. The purpose of this notice is to provide further information in relation to the Quartier 206 Shopping Centre Borrower Claim.

 

Oral hearing - 6 February 2017

 

An oral hearing of the Quartier 206 Shopping Centre Borrower Claim was scheduled for 6 February 2017. However, the presiding judge was absent through illness and the position of the substitute judge of the division was challenged by the Quartier 206 Shopping Centre Borrower on the grounds of potential bias and impartiality. As such, the merits of the Quartier 206 Shopping Centre Borrower Claim were not discussed at the hearing and the court must now determine whether the challenge is valid and schedule a new date for the hearing.

 

Queries may be addressed to the Issuer as follows:

 

Address:           Titan Europe 2006-5 p.l.c.

                        c/o Wilmington Trust SP Services (Dublin) Ltd,

                        Fourth Floor

                        3 George's Dock, IFSC

                        Dublin 1, Ireland

Attention:          The Directors

Fax:                  +353 1 6125550

E-mail:              [email protected]

 

This notice is given by

TITAN EUROPE 2006-5 PLC

as Issuer

 

7 February 2017

 

 

 

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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