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Lusitano Mort. No. 1 (IRSH)

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Wednesday 15 May, 2019

Lusitano Mort. No. 1

Company Announcement

RNS Number : 1560Z
Lusitano Mortgage No. 1 plc
15 May 2019
 

COMPANY ANNOUNCEMENT



For Immediate Release

15 May 2019



Lusitano Mortgages No. 1 Public Limited Company

(the "Issuer")

€915,000,000 Class A Mortgage Backed Floating Rate Notes due 2035

(ISIN: XS0159068807)

€32,500,000 Class B Mortgage Backed Floating Rate Notes due 2035

(ISIN: XS0159070456)

€25,000,000 Class C Mortgage Backed Floating Rate Notes due 2035

(ISIN: XS0159070886)

€22,500,000 Class D Mortgage Backed Floating Rate Notes due 2035

(ISIN: XS0159071009)

€5,000,000 Class E Mortgage Backed Floating Rate Notes due 2035

(ISIN: XS0159285062)

(the Class E Notes and together with the Class A Notes, Class B Notes, Class C Notes and Class D Notes, the "Notes")

and

€10,000,000 Class F Mortgage Backed Floating Rate Notes due 2035

(ISIN: XS0159459238)

(the Class F Notes)


RE: Issuer Announcement

                                                                                         

In compliance with a Direction from the Central Bank of Ireland (the "Central Bank") issued pursuant to Regulations 40(5)(a) and 56(2)(a) of the Transparency (Directive 2004/109/EC) Regulations 2007 (the "Regulations"), trading of the above-mentioned securities has been suspended for a period of 10 days from 7am on 13th May 2019 pending publication of the relevant financial information as required by Regulation 4(2) of the Regulations.

 

The Direction was issued by the Central Bank in the exercise of its power under Regulation 40(5)(a) of the Regulations to request the Irish Stock Exchange (now trading as Euronext Dublin) (the "ISE"), as the relevant regulated market, to suspend the securities from trading, on the basis that the Central Bank has reasonable grounds for suspecting that the Issuer has infringed the provisions of Regulation 4(2) of the Regulations.

 

The ISE has confirmed in the past that notes remain listed while they are suspended and as a result, the Notes and the Class F Notes would continue to qualify as quoted Eurobonds such that interest payments may be made without deduction of tax (as set out in more detail in the Prospectuses dated 10 December 2002 and 29 June 2004 in relation to the Notes and the Class F Notes respectively) during the period of suspension

 

The inability to file the Issuer's audited financial statements with the Central Bank and the ISE in accordance with the timing required under the Regulations has arisen directly as a result of the audited financial statements of Lusitano Mortgages No. 1 Fundo not being available in order for its financial information to be consolidated into the Issuer's financial statements.

 

The Issuer is working to resolve this issue.    

 

Enquiries:

 

Lusitano Mortgages No. 1 Public Limited Company, c/o Vistra Alternative Investments (Ireland) Limited, Block A, Georges Quay Plaza, Georges Quay, Dublin 2, Ireland.

 

Attn: The Board of Directors

 

Fax.: +353 (0)1 6864879

Email: [email protected]

 

 

 

 

 

 

 

 

 

 

 

This announcement has been issued through the Companies Announcement Service of Euronext Dublin.

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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