19LP Affinity Wtr 36

TIDM19LP TIDM72YE

RNS Number : 5139Y

Affinity Water Finance PLC

07 September 2022

Affinity Water Finance PLC

(the "Company")

GBP14.2 million of 3.625% Sterling Denominated Fixed Rate Bonds due 2022

GBP10 million of 1.024% Sterling Denominated Retail Price Index-Linked Bonds due 2033

GBP60 million of 2.699% Sterling Denominated Fixed Rate Bonds due 2033

GBP250 million of 4.5% Sterling Denominated Fixed Rate Bonds due 2036

GBP85 million of 3.278% Sterling Denominated Fixed Rate Bonds due 2042

GBP60 million of 0.23% Sterling Denominated Consumer Price Index-Linked Bonds due 2042

GBP190 million of 1.548% Sterling Denominated Retail Price Index-Linked Bonds due 2045

issued by the Company and guaranteed by Affinity Water Limited ("Affinity Water")

7 September 2022

CEO Appointment

Affinity Water announces today that it has appointed Keith Haslett as the new permanent CEO of the company. It is expected that Keith will join Affinity Water in the coming months. Keith is currently Water Director at Northumbrian Water and brings with him extensive experience of the industry having previously worked for both Northern Ireland Water and United Utilities.

Affinity Water is also announcing that after nearly five years with the company, four as CFO and a year as interim CEO, Stuart Ledger will leave the company when Keith takes up the role.

Commenting, Affinity Water chair Ian Tyler, said: "The Board and I are delighted that Keith will join Affinity Water as our CEO. Keith has a deep knowledge and experience of the water industry and has a formidable track record. I believe he will build on the legacy of Stuart's excellent management and will provide strong leadership through the next price review whilst continuing to deliver improved service to our customers.

The Board and I will be sad to see Stuart go. He has made a huge contribution to the company, both as a first-class CFO and as an excellent interim CEO. As CFO he navigated us through our last price review and the financial challenges of the pandemic, In the last year as Interim CEO he has led a turnaround in company performance, putting the company on a firm foundation to deliver our undertakings in this regulatory period and to prepare for the next. On behalf of the Board, I would like to thank him for all he has done and wish him well for the future."

Keith Haslett said: "I am delighted to be joining Affinity Water as Chief Executive, particularly at such an important time in the regulatory period as we head into the next price review. Affinity is a business with huge potential, and I feel that my long track record and deep experience in the industry mean that I can help take the business forward, building on the work Stuart and the team have done so far."

Stuart Ledger said: "I will have completed five amazing years at Affinity Water. I am proud to have been part of providing an essential service to our customers. I am particularly proud of what we have done for the organisation to become more sustainable and resilient, both financially and operationally.

I remain committed to leading the company until Keith joins the company. I want to thank everyone in the business for the support I have had throughout my time at Affinity Water."

Affinity Water Limited

Tamblin Way

Hatfield

Hertfordshire

AL10 9EZ

DISCLAIMER - INTENDED ADDRESSEES

This announcement is a communication to the market. Nothing in this announcement constitutes an offer of securities for sale in the United States or any other jurisdiction. This announcement does not constitute a prospectus or a prospectus equivalent document.

This announcement has been delivered to you on the basis that you are a person into whose possession this announcement may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located and you may not, nor are you authorised to, deliver this announcement to any other person. The distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction.

Your right to access this service is conditional upon complying with the above requirements.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

BOABCGDCLGGDGDL

(END) Dow Jones Newswires

September 07, 2022 04:15 ET (08:15 GMT)

Affinity Wtr 36 (LSE:19LP)
Historical Stock Chart
Von Nov 2024 bis Dez 2024

Affinity Wtr 36 (LSE:19LP)
Historical Stock Chart
Von Dez 2023 bis Dez 2024