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Wales & West Utl Fin (51UQ)

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Tuesday 18 February, 2020

Wales & West Utl Fin

Notice of intention to exercise Issuer redemption

RNS Number : 3167D
Wales & West Utilities Finance PLC
18 February 2020
 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT  QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 ("MAR").

 

Wales and West Utilities Finance plc

(the "Issuer")

 

£250,000,000 6.25 per cent Guaranteed Bonds due 2021

(ISIN: XS0438200361)

(the "Bonds")

 

NOTICE OF INTENTION TO EXERCISE ISSUER OPTIONAL REDEMPTION

 

The Issuer hereby notifies the holders of the Bonds that it intends to exercise its option to redeem the Bonds pursuant to Condition 4(c) (Issuer Optional Redemption).  The Issuer expects to publish a formal notice of redemption in accordance with the Conditions on or about 20 February 2020.

 

FOR THE PURPOSES OF MAR AND ARTICLE 2 OF COMMISSION IMPLEMENTING REGULATION (EU) 2016/1055, THIS ANNOUNCEMENT IS MADE BY NEIL HENSON, DIRECTOR OF FINANCE, AND IAN WELDON, HEAD OF TREASURY AND TAX OF WALES & WEST UTILITIES LIMITED.

 

 

For further information, please contact:

 

Ian Weldon, Head of Treasury and Tax

Email: [email protected]

Tel: 02920 278841

 

Stephanie Pratt, Treasury Controller

Email: [email protected]

Tel: 02920 278541

 

 

18 February 2020


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