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Wales & West Utl Fin (51UQ)

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Wednesday 28 November, 2018

Wales & West Utl Fin

NOTICE OF EXERCISE OF CALL OPTION ON BONDS

RNS Number : 7989I
Wales & West Utilities Finance PLC
28 November 2018
 

 

Wales & West Utilities Finance plc

(incorporated with limited liability in England & Wales with registered number 6766848)

(the "Issuer")

Sub-Class B1 £115,000,000 Fixed to Floating Rate Guaranteed Bonds due 2036

(ISIN: XS0497976133)

(the "Bonds")

issued under the £5,000,000,000 Guaranteed Bond Programme

NOTICE OF EXERCISE OF CALL OPTION

Consistent with statements included in the Investors' Reports produced by the Issuer and Wales & West Utilities Limited pursuant to the Common Terms Agreement and statements included in the Obligors' financial statements since 2014, the Issuer intends to exercise its call option in respect of the Bonds on the Optional Redemption Date falling on 17 December 2018.

The Issuer hereby gives notice that it will exercise its call option pursuant to Condition 8(b) (Redemption, Purchase and Cancellation - Optional Redemption) of the Bonds and redeem the outstanding Bonds in whole, at their Principal Amount Outstanding plus accrued but unpaid interest, on 17 December 2018.

All capitalised terms used in this notice and not defined herein shall have the given to them in the terms and conditions of the Bonds and/or the Master Definitions Agreement referred to in such terms and conditions.

For further information, please contact:

Ian T. Weldon

Wales & West Utilities Limited

Wales & West House

Spooner Close

Celtic Springs

Coedkernew

Newport

NP10 8FZ

Email: [email protected]

Email: [email protected]     

Website: www.wwufinanceplc.co.uk

28 November 2018

NOT FOR PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW.  PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES ARE REQUIRED TO INFORM THEMSELVES ABOUT, AND TO OBSERVE, ANY SUCH RESTRICTIONS.


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