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Wales & West Utl Fin (51UQ)

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Thursday 20 February, 2020

Wales & West Utl Fin

NOTICE OF ISSUER OPTIONAL REDEMPTION REPLACEMENT

RNS Number : 6285D
Wales & West Utilities Finance PLC
20 February 2020
 

The following amendment has been made to the notice of issuer optional redemption announcement released on 20 January at 07:00 under RNS No 5798D.

 

The Issuer hereby notifies the holders of the Bonds that it intends to redeem the Bonds on [24] March 2020 pursuant to Condition 4(c) (Issuer Optional Redemption). 

 

Has been replaced with:

 

The Issuer hereby notifies the holders of the Bonds that it intends to redeem the Bonds on 23 March 2020 pursuant to Condition 4(c) (Issuer Optional Redemption). 

 

All other details remain unchanged.

 

 

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 ISSUER OPTIONAL REDEMPTION

 

 

The Issuer hereby notifies the holders of the Bonds that it intends to redeem the Bonds on 23 March 2020 pursuant to Condition 4(c) (Issuer Optional Redemption). 

 

The Bonds will be redeemed at a price of £1,095.96 per Bond of £1,000 denomination, together with interest accrued up to and including the date fixed for redemption.  The redemption price has been determined in accordance with Condition 4(c) by reference to the Gross Redemption Yield on the UK Treasury Gilt 3.75% due 7 September 2021 at 3.00 p.m. London time on 18 February 2020.

 

This notice is irrevocable and shall oblige the Issuer to redeem the Bonds on the terms set out herein.

 

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

 

 

20 February 2020


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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