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)
£80,303,685 Senior Secured Deferrable Floating Rate Notes due 2019
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.
This information is provided by RNS