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Titan Europe 2006-5 (IRSH)

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Wednesday 15 November, 2017

Titan Europe 2006-5

Notice

RNS Number : 6125W
Titan Europe 2006-5 PLC
15 November 2017
 

 

THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE SUBJECT SECURITIES. IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITE THE RE-TRANSMITTAL TO BENEFICIAL OWNERS OF THE SECURITIES IN A TIMELY MANNER.  IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, IF ANY, THEY SHOULD CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000 (IF THEY ARE IN THE UNITED KINGDOM) OR ANOTHER APPROPRIATELY AUTHORISED INDEPENDENT FINANCIAL ADVISER AND TAKE SUCH OTHER ADVICE FROM THEIR OWN PROFESSIONAL, TAX AND LEGAL ADVISERS AS THEY DEEM NECESSARY, IMMEDIATELY.

 

Notice to Noteholders

 

€330,000,000 Class A1 Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277721618/XS0277724398)

€50,000 Class X Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277735758/XS0277736301)

€112,300,000 Class A2 Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277725361/XS0277725874)

€61,893,000 Class A3 Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277726500/XS0277727490)

€56,807,000 Class B Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277728381/XS0277729272)

€43,000,000 Class C Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277729439/XS0277731179)

€37,000,000 Class D Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277732144/XS0277732656)

€5,000,000 Class E Commercial Mortgage Backed Floating Rate Notes due 2019

(XS0277733548/XS0277733894)

€14,868,755 Class F Commercial Mortgage Backed Floating Rate Notes due 2019
(XS0277734199/XS0277734785)

€50,000 Class V Commercial Mortgage Backed Floating Rate Notes due 2019

(together, the "Notes")

 

issued by Titan Europe 2006-5 p.l.c. (the "Issuer")

on 19 December 2006

 

 

The EU Market Abuse Regulation (596/2014) requires disclosure of inside information relating to the Issuer.

 

Terms used and not defined herein shall have the meaning ascribed to them in the Prospectus in relation to the Notes dated 19 December 2006 and the notices to Noteholders dated 10 August 2015, 8 September 2015, 5 August 2016, 6 February 2017, 8 February 2017, 27 March 2017, 11 May 2017, 31 May 2017, 21 August 2017 and 2 October 2017 (the "Notices").

 

We refer to the Notices in relation to the Quartier 206 Shopping Centre Borrower Claim.

 

Regional Court of Frankfurt - Decision - 10 November 2017

 

We refer to the notice dated 2 October 2017.

 

The Issuer hereby notifies all Noteholders that:

 

·     The Quartier 206 Shopping Centre Borrower Claim against the Issuer and each of the other defendants was dismissed by the Regional Court of Frankfurt/Main.

 

·     The Regional Court of Frankfurt/Main ordered that the Quartier 206 Shopping Centre Borrower is required to bear the relevant court fees and the legal fees of the defendants to the Quartier 206 Shopping Centre Borrower Claim up to a limit prescribed in accordance with the applicable statutory fee schedule.

 

The decision is subject to any appeal which may be lodged by the Quartier 206 Shopping Centre Borrower.

 

Queries may be addressed to the Issuer as follows:

 

Address:           Titan Europe 2006-5 p.l.c.

                        c/o Wilmington Trust SP Services (Dublin) Ltd

                        Fourth Floor

                        3 George's Dock, IFSC

                        Dublin 1, Ireland
 

Attention:          The Directors

Fax:                  +353 1 6125550

E-mail:              [email protected]

 

This notice is given by

TITAN EUROPE 2006-5 PLC

as Issuer

 

15 November 2017

 

 

This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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