Source - RNS
RNS Number : 4883T
Wellesley Finance PLC
12 October 2017
 

10 October 2017

 

Company Announcement

WELLESLEY FINANCE PLC (the "Issuer")

(incorporated as a public company limited by shares  under the laws of England and Wales and registered with Companies House under number 08331511)

£500,000,000 Secured Note Programme dated 6 February 2015

NOTICE IS HEREBY GIVEN that certain amendments dated 5 October 2017 have been made to the Security Trust Agreement dated 8 February 2015 as amended and restated on 12 April 2017 and entered into by the Issuer in relation to the Issuer's £500,000,000 secured note programme (the "Programme"), to make the following amendments:

(a)           Wellesley Finance plc is party as Originator to the Security Trust Agreement and has executed an instrument dated 5 October 2017 constituting property mini-bonds (the "Property Bonds").

(b)           Creditors of the Originator who purchase Property Bonds from the Originator will benefit from security over certain assets of the Originator and the Borrower Security Trustee has agreed to hold such security on trust for those creditors pursuant to the terms of the Security Trust Agreement and the Security Trust Agreement has been amended to document the terms on which the Borrower Security Trustee will hold such security.

(c)           The terms on which the Borrower Security Trustee holds certain rights and assets for the benefit of the Issuer are unaffected by the amendments made to the Security Trust Agreement. 

Copies of the amended and restated Security Trust Agreement is available for inspection at the specified office of the Principal Paying Agent at 125 Old Broad Street, London EC2N 1AR.

Capitalised terms used but not defined herein have the meaning given to them in the Base Prospectus dated 6  February 2015 relating to the Programme.

For further information in relation to the matters referred to in this notice pleased contact:

Andrew Turnbull

6th Floor, St Albans House 57/59 Haymarket London SW1Y 4QX

Tel:         +44 20 7017 2100

Fax:         +44 20 3031 1148

E-mail: [email protected]

This Notice is given by

Wellesley Finance Plc

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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