THIS NOTICE CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES (AS DEFINED BELOW). IF APPLICABLE, ALL DEPOSITARIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO PASS THIS NOTICE TO SUCH BENEFICIAL OWNERS IN A TIMELY MANNER.
If you are in any doubt as to the action you should take, you are recommended to seek your own financial advice immediately from your stockbroker, bank manager, solicitor, accountant or other financial adviser authorised under the Financial Services and Markets Act 2000 (if you are in the United Kingdom), or from another appropriately authorised independent financial adviser and such other professional advice from your own professional advisors as you deem necessary.
This Notice is addressed only to holders of the Notes (as defined below) and persons to whom it may otherwise be lawful to distribute it ("relevant persons"). It is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this Notice relates is available only to relevant persons and will be engaged in only with relevant persons.
If you have recently sold or otherwise transferred your entire holding(s) of Notes referred to below, you should immediately forward this document to the purchaser or transferee or to the stockbroker, bank or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee.
THIS NOTICE DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, AN OFFER FOR SALE, EXCHANGE OR SUBSCRIPTION OF, OR A SOLICITATION OF ANY OFFER TO BUY, EXCHANGE OR SUBSCRIBE FOR, ANY SECURITIES OF THE ISSUER OR ANY OTHER ENTITY IN ANY JURISDICTION.
KENRICK NO.2 PLC
35 Great St. Helen's EC3A 6AP London United Kingdom
NOTICE OF OPTIONAL REDEMPTION
to the holders of the following notes of the Issuer presently outstanding
£380,000,000 Class A Mortgage Backed Floating Rate Notes due 2049 (XS0921331418)
£40,600,000 Class B Mortgage Backed Floating Rate Notes due 2049 (XS0921332143) (together, the "Notes")
(the "Noteholders" and the "Notes", respectively)
We refer to the trust deed dated 28 May 2013 between the Issuer and Citicorp Trustee Company Limited as trustee (as amended from time to time, the "Trust Deed"), including the terms and conditions of the Notes set out at Schedule 3 thereto (the "Conditions"), pursuant to which the Notes were constituted on the terms and subject to the conditions contained therein.
NOTICE IS HEREBY GIVEN by the Issuer to the Noteholders in accordance with
Condition 22 (Notices) that:
(a) the Issuer intends to redeem the Notes in full pursuant to Condition 9.3(b) (Optional
Redemption in whole); and
(b) the redemption date in respect of the Notes shall be 18 July 2018.
Copies of the Trust Deed and related documents may be inspected in electronic or physical form during usual business hours at the registered office of the Issuer or the Principal Paying Agent. Capitalised terms used but not otherwise defined herein shall have the meanings given to them in the Trust Deed.
Noteholders with queries concerning the content of this Notice are kindly requested to contact the Issuer using the details set out below:
Issuer: 35 Great St. Helen's
Facsimile: +44 (0) 20 7398 6325
Attention: the Directors
This Notice is given by
KENRICK N0.2 PLC
Dated 14 June 2018
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