Source - RNS
RNS Number : 0033J
Federal Grid Fin. Des. Activity Co.
05 September 2016
 

THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. IF YOU ARE IN ANY DOUBT ABOUT THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT IMMEDIATELY YOUR STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT OR OTHER PROFESSIONAL ADVISER AUTHORISED UNDER THE FINANCIAL SERVICES AND MARKETS ACT 2000.

5 September 2016

FEDERAL GRID FINANCE DESIGNATED ACTIVITY COMPANY
ANNOUNCES RESULT OF ADJOURNED NOTEHOLDER MEETING

On 29 July 2016, Federal Grid Finance Designated Activity Company (formerly, Federal Grid Finance Limited) (the "Issuer") announced an invitation to holders of the outstanding RUB 17,500,000,000 8.446 per cent. Loan Participation Notes due 2019 of the Issuer (the "Noteholders" and the "Notes" respectively) to consent to proposals to replace Deutsche Trustee Company Limited, Deutsche Bank AG, London Branch, Deutsche Bank Trust Company Americas and Deutsche Bank Luxembourg S.A. in their various capacities under the Programme and the Notes with BNY Mellon Corporate Trustee Services Limited, The Bank of New York Mellon, London Branch and The Bank of New York Mellon (Luxembourg) S.A. and to execute the Deed of Appointment and Registration, the Secured Accounts Bank Agreement, the Unsecured Accounts Bank Agreement and the Second Supplemental Trust Deed by approving an extraordinary resolution of the Noteholders (the "Extraordinary Resolution"), all as further described in the consent solicitation memorandum dated 29 July 2016 prepared by the Issuer (the "Consent Solicitation Memorandum"). 

The Meeting to consider the Extraordinary Resolution was held on 22 August 2016. The Meeting was not quorate and, on 22 August 2016, the Noteholders were invited to an Adjourned Meeting on 5 September 2016 to consider the Extraordinary Resolution.

Capitalised terms used in this notice and not otherwise defined shall have the meanings given to them in the Consent Solicitation Memorandum. 

Result of Meeting

The Adjourned Meeting to consider the Extraordinary Resolution was held earlier today, and the Extraordinary Resolution was approved.

It is anticipated the Deed of Appointment and Registration, the Secured Accounts Bank Agreement, the Unsecured Accounts Bank Agreement and the Second Supplemental Trust Deed will be entered into on or around 14 September 2016.

Further Information

Further details about the transaction can be obtained from:

The Issuer

The Directors
Federal Grid Finance DAC
2ND Floor, Palmerston House
Fenian Street
Dublin 2
Ireland

Telephone:

+ 3531 905 8020

email:

[email protected]

 

                               

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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