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Snow Hill DAC (IRSH)

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Wednesday 11 September, 2019

Snow Hill DAC

Notice to Holders

RNS Number : 0328M
Snow Hill DAC
11 September 2019
 

Notice of CONTEMPLATED SUPPLEMENTAL INDENTURE

 

SNOW HILL DESIGNATED ACTIVITY COMPANY

32 Molesworth Street
Dublin 2, Ireland

 

September 11, 2019

Notice to Holders
 

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS.  IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD IMMEDIATELY CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS AUTHORIZED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000, AS AMENDED (IF THEY ARE LOCATED IN THE UNITED KINGDOM), OR FROM OTHER APPROPRIATELY AUTHORIZED INDEPENDENT PROFESSIONAL ADVISERS (IF THEY ARE LOCATED OUTSIDE OF THE UNITED KINGDOM).

THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUIRED TO EXPEDITE TRANSMISSION HEREOF TO BENEFICIAL OWNERS OF THE NOTES IN A TIMELY MANNER. IF BENEFICIAL OWNERS OF THE NOTES ARE IN ANY DOUBT AS TO THE MATTERS REFERRED TO IN THIS NOTICE, THEY SHOULD CONSULT THEIR STOCKBROKER, LAWYER, ACCOUNTANT OR OTHER PROFESSIONAL ADVISER WITHOUT DELAY.

 

If you have recently sold or otherwise transferred your entire holding(s) of Notes referred to below, you should immediately forward this Notice to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.

 

THIS NOTICE MAY CONTAIN INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AND IS BEING PUBLISHED FOR THE PURPOSE OF MAKING PUBLIC SUCH INFORMATION.

 

To the Holders of Notes[1] described as:

 

Regulation S CUSIP

(CINS) Number

 

Regulation S Global

Securities Common

Codes

 

Regulation S ISIN

 

Class A Notes

G8250L AA4

167580289

USG8250LAA47

Class B Notes

G8250L AB2

167580378

USG8250LAB20

Subordinated Notes

G8250L AC0

167603858

USG8250LAC03

 

Reference is made to the Indenture, dated as of September 28, 2017 (the "Indenture"), among Snow Hill Designated Activity Company (the "Issuer") and Citibank, N.A., as trustee (the "Trustee").  Capitalized terms used but not defined herein shall have the meanings given to them in the Indenture.

The Issuer hereby announces that the Holders of the Notes are currently exploring a potential supplemental indenture ("Supplemental Indenture") to implement a mechanism whereby Holders of the Notes may surrender their Notes in exchange for certain Assets currently held by the Issuer. It is expected that if sufficient Holders exchange their Notes, the Indenture may be discharged. The Issuer intends to seek the consent of Holders to approve and execute the proposed Supplemental Indenture, including the consent of Holders to the waiver of certain notice requirements required under the Indenture related to the execution of the proposed Supplemental Indenture.

Nothing in this Notice constitutes or contemplates an offer of, an offer to purchase or the solicitation of an offer to sell any security in any jurisdiction. This Notice and any non-contractual obligations arising out of or in connection with this Notice will be governed by and construed in accordance with the laws of the State of New York.

No person has been authorized to give information, or to make any representation in connection therewith, other than as contained herein.  The delivery of this Notice at any time does not imply that the information in it is correct as at any time subsequent to its date.

 

 

This notice shall also constitute an Issuer Order to the Trustee, directing the Trustee to deliver this Notice to all Holders of Notes issued by the Issuer and to post such Notice on the Trustee's applicable website, in the name and at the expense of the Issuer. The Trustee assumes no responsibility or liability for the contents of this notice and makes no recommendations as to any action to be taken with respect to this notice.

 

SNOW HILL DESIGNATED ACTIVITY COMPANY, as Issuer

 

By:_________________________________

Name:

Title:

 

[1] No representation is made as to the correctness of the CUSIP or  ISIN numbers either as printed on the Notes or as contained in this notice.  Such numbers are included solely for the convenience of the Holders.

 

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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