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Tolkien FundingSukuk (19UD)

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Friday 26 March, 2021

Tolkien FundingSukuk

Notice- Optional Redemption To Redeem Certificates

RNS Number : 6857T
Tolkien Funding Sukuk No.1 PLC
26 March 2021
 

26 March 2021

TOLKIEN FUNDING SUKUK NO. 1 PLC
 

NOTICE OF OPTIONAL REDEMPTION TO REDEEM CERTIFICATES

TOLKIEN FUNDING SUKUK NO. 1 PLC

c/o 8th Floor, 100 Bishopsgate,

London EC2N 4AG United Kingdom

(Registered No.11084430)

Notice to the holders of

£250,000,000 Certificates due 2052 ISIN  XS1756356298 (together the Certificates)

NOTICE IS HEREBY GIVEN by TOLKIEN FUNDING SUKUK NO. 1 PLC (Tolkien or the Trustee) that Al Rayan Bank Plc (as Seller) has exercised its rights under the Sale Undertaking to purchase all the Trustee's rights, title interest and benefit in and to the Portfolio Assets by delivering an Exercise Notice to the Trustee. The Trustee, having satisfied the conditions set out in Condition 5(d)(i), is obliged to redeem the Certificates in full and hereby notifies the Certificateholders that the Certificates will be redeemed on 20 April 2021, being the next Periodic Distribution Date. This notice is the notice of optional redemption referred to in Condition 5(d)(i).

Capitalised terms used herein and not specifically defined will bear the same meaning as in the  Master Definitions Schedule dated 22 February 2018 entered between, inter alios, the Seller, the Trustee and the Delegate.

This Notice is given by:

TOLKIEN FUNDING SUKUK NO. 1 PLC

 

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