Source - RNS
RNS Number : 5953M
Castle Hill Enhd Fltg Rte Opp Ltd
14 October 2016
 

COMPANY ANNOUNCEMENT

 

Immediate Release

                             14 October 2016

 

 

 

Notice to Noteholders (the "Notice")

 

Resignation of Investment Manager

 

Castle Hill Enhanced Floating Rate Opportunities Limited

 

(a private company with limited liability incorporated under the laws of Ireland under Company Number 464395 whose registered office is at 2nd Floor, Beaux Lane House, Mercer Street Lower, Dublin 2, Ireland)

 

(the "Issuer")

 

 

£80,303,685 Senior Secured Deferrable Floating Rate Notes due 2019

(the "Notes")

 

(ISIN: XS0418692249)

 

Reference is made to  the Investment Management  Agreement  (the  "Investment Management Agreement") dated  1 May  2009  as novated  on  22  July  2010,  as novated  and  amended  and restated  on 23 October 2012, as amended and restated  on 1 July 2013, as amended and restated on 19 January 2015 and as further  amended and restated  on 11 March 2016 between the Issuer, the  Castle Hill Asset Management LLC (the "LLC") and Castle Hill Asset Management LLP (the "LLP") as  joint   investment  managers  (each,  an  "Investment  Manager"  and together, the   "Investment  Managers"), the  Trustee,   the  Collateral   Administrator   and  the Custodian.

 

Capitalised terms used but not otherwise defined in this Notice shall have the meaning given to those terms in the Investment Management Agreement (including by way of incorporation).

 

By notice dated 16 May 2015 to the LLC, the Issuer, the Trustee, the Collateral Administrator and the Custodian, the LLP resigned as Investment Manager, which resignation took effect in accordance  with  clause  9.1  (Resignation  of  Investment Managers)  of  the Investment Management  Agreement.

 

By notice dated 13 July, 2016 (the "Resignation Notice Date") to the LLP, the Issuer, the Trustee, the Collateral Administrator and the Custodian, the LLC gave notice that pursuant to and in accordance  with  clause  9.1  (Resignation  of  Investment Managers)  of  the Investment Management  Agreement,  the LLC intends to  resign from its appointment  as Investment Manager under the Investment Management  Agreement, with effect on and from the Resignation Date.

 

"Resignation  Date"  means the earlier of: (i) the date that is 90 days from the date of the Resignation Notice Date;  and (ii)  the  effective  date  of  appointment  of one or more  successor Investment Manager(s)  in accordance with  clause 9.3  (Appointment of Successor Investment Manager(s))  of the Investment Management Agreement.

 

As of the date of this Notice a successor Investment Manager has not been appointed in accordance with clause 9.3 (Appointment of Successor Investment Manager(s)) of the Investment Management Agreement.

 

The resignation of the LLC shall become effective on 19 October 2016 if a successor Investment Manager has not been appointed before that date.

 

For further information please contact Padraic Doherty (+353 1 619 2739) or [email protected].

 

 

 

 

 

 

 

 

 

             This announcement has been issued through the Companies Announcement Service of

the Irish Stock Exchange.

 

 



 

 


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