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Moorgate Fund 2014-1 (IRSH)

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Monday 13 May, 2019

Moorgate Fund 2014-1

Notice to Noteholders

RNS Number : 8655Y
Moorgate Funding 2014-1 PLC
13 May 2019
 

NOTICE TO

the holders (the "Class A1 Noteholders") of the £338,150,000 Class A1 Mortgage Backed Floating Rate Notes due 2050 (ISIN:XS1063509225 of the Issuer presently outstanding (the "Class A1 Notes")

the holders (the "Class B1 Noteholders") of the £56,100,000 Class B1 Mortgage Backed Floating Rate Notes due 2050 (ISIN:XS1063509654) of the Issuer presently outstanding (the "Class B1 Notes")

the holders (the "Class C1 Noteholders") of the £44,880,000 Class C1 Mortgage Backed Floating Rate Notes due 2050 (ISIN:XS1063509811) of the Issuer presently outstanding (the "Class C1 Notes")

the holders (the "Class D1 Noteholders") of the £18,360,000 Class D1 Mortgage Backed Floating Rate Notes due 2050 (ISIN:XS1063510157) of the Issuer presently outstanding (the "Class D1 Notes")

the holders (the "Class E1 Noteholders", and, together with the Class A1 Noteholders, the Class B1 Noteholders, the Class C1 Noteholders and the Class D1 Noteholders, the "Noteholders") of the £27,029,000 Class E1 Mortgage Backed Floating Rate Notes due 2050 (ISIN:XS1063512443; SEDOL:BMJJMY9 of the Issuer presently outstanding (the "Class E1 Notes" and, together with the Class A1 Notes, the Class B1 Notes, the Class C1 Notes and the Class D1 Notes, the "Notes")

the holders of the (the "PRC Holders") Principal Residual Certificates (ISIN:XS1066041184) (the "PRCs") issued by the Issuer 

the holders (the "RRC Holders", and together with the PRC Holders, the "Certificateholders") of the Revenue Residual Certificates (ISIN:XS1066041853) (the "RRCs", and together with the PRCs, the "Certificates") issued by the Issuer


The Issuer wishes to notify the Noteholders and Certificateholders of the following.

Terms defined in the prospectus relating to the Notes and the Certificates dated 12 May 2014 have the same meaning when used below.

The Issuer has previously made announcements dated 11 April 2019, 1 May 2019 and 7 May 2019 referring to communications purportedly from Kilimanjaro AM Limited ("Kilimanjaro"). These communications were received from a Mr Alfred Olutayo Oyekoya who purported to be a director of Kilimanjaro, along with Kilimanjaro Capital Management Limited ("KCML").

The Issuer has received a copy of the judgment of Mr David Halpern QC (sitting as deputy High Court Judge) dated 10 May 2019 in the matter of Kilimanjaro AM Limited v Mann Made Corporate Services (UK) Limited and others [2019] EWHC 1189 (Ch), in which it was held that Mr Oyekoya and KCML are not the directors of Kilimanjaro and that Mr Mark Cundy and Mr David Cathersides are the only directors of Kilimanjaro.

The Issuer therefore considers that the communications it has received from Mr Oyekoya to date were not sent by Kilimanjaro and proposes to take no further action in respect of such communications at this stage.

The Issuer shall provide any further updates in relation to the matters set out in its announcements dated 11 April 2019, 1 May 2019 and 7 May 2019 as appropriate, at the relevant time.

To request a copy of the judgment received by the Issuer, please email [email protected].

This Notice is issued without prejudice to any and all of the rights of the Issuer under the Transaction Documents relating to the Notes or Certificates, all of which are expressly reserved.

Date: 13 May 2019

MOORGATE FUNDING 2014-1 PLC

Fifth Floor

100 Wood Street

London, EC2V 7EX

 

 

 

 

 

 

 

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

 

 


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