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Paragon Mort (No.11) (40KC)

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Thursday 20 December, 2012

Paragon Mort (No.11)

Result of Noteholders Meeting Class B1a

RNS Number : 7874T
Paragon Mortgages (No.11) PLC
20 December 2012
 



NOTICE

To the holders of the Outstanding

£16,000,000 Class B1a mortgage backed floating rate notes due 2041

(Common Code: 024690423; ISIN: XS0246904238)

 

issued by Paragon Mortgages (No.11) PLC

 

NOTICE IS HEREBY GIVEN to the holders of the above Notes that, at the Meeting of the Class B1a Noteholders held at the offices of Clifford Chance LLP at 10 Upper Bank Street, Canary Wharf, London E14 5JJ on Friday, 14 December 2012 at 10 a.m. (London time) and 11 a.m. (CET), the Extraordinary Resolutions set out in the Notice of Meeting previously notified to Noteholders on 21 November 2012 in accordance with the terms of the Trust Deed for such Notes were duly passed.

However, meetings of the Class A1 Noteholders, the Class A2a Noteholders, the Class A2b Noteholders, the Class B1b Noteholders and the Class C1b Noteholders, at which similar resolutions were proposed to be considered, were adjourned because of lack of quorum. Therefore, the Amendment Documents will be executed only if similar resolutions are passed at separate meetings of each of those Classes of Noteholders.

Paragon Mortgages (No.11) PLC

20 December 2012

 


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