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Peterbrgh (Prg Hlth) (50PS)

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Friday 05 October, 2018

Peterbrgh (Prg Hlth)

Announcement

RNS Number : 1176D
Peterborough (Progress Health) plc
05 October 2018
 

RNS ANNOUNCEMENT

 

 

PETERBOROUGH (PROGRESS HEALTH) PLC - RNS ANNOUNCEMENT

 

For immediate release

 

5 October 2018

PETERBOROUGH (PROGRESS HEALTH) PLC (the "Issuer")
£396,115,000 5.581 per cent. Guaranteed Secured Bonds due 2042 (the "Bonds")
guaranteed as to scheduled payments of principal and interest pursuant to a bond financial
guarantee issued by FGIC UK Limited (the "Controlling Creditor") 
(ISIN XS0308856276)

 

Peterborough City Hospital (PCH)

The remedial works to the fire compartmentation issues at PCH, which were carried out pursuant to the Action Plan issued by Cambridgeshire Fire and Rescue Service (CFRS) on 1 June 2015, were completed on 10 September 2018.

The completion of these remedial works marks the completion of all remedial works in respect of the fire compartmentation issues at the three hospital sites, owing to the earlier completion of the remedial works at The Cavell Centre and The City Care Centre as set out below.

The Cavell Centre (TCC)

The remedial works to the fire compartmentation issues at TCC, which were carried out pursuant to the Action Plan issued by CFRS on 8 February 2016, were completed on 24 October 2016.

The City Care Centre (CCC)

The remedial works to the fire compartmentation issues at CCC, which were carried out pursuant to the Action Plan issued by CFRS on 21 December 2015, were completed on 22 December 2016.

Enquiries

The Issuer

Peterborough (Progress Health) PLC

8 White Oak Square

Swanley

Kent

BR8 7AG

 

Attention: Matt Rollings

 

 

The Principal Paying Agent

AgenSynd S.L.

15 Old Bailey Street

London

EC4M 7EF

 

Attention: Daniel Trivic

 

 

The Bond Trustee

 

AgenSynd S.L.

15 Old Bailey Street

London

EC4M 7EF

 

Attention: Daniel Trivic

 

 

 

Important information

This announcement is not a prospectus, is distributed for information purposes only and does not constitute or form part of any offer or invitation to issue, acquire or dispose of any securities in any jurisdiction. Nothing in this document is intended to amount to an invitation or inducement to engage in investment activity. Nothing in this document amounts to the giving of advice. If you are in any doubt as to the action you should take, you should consult a professional adviser.


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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