69ZM Xpe Grp.8.75%

TIDM69ZM

RNS Number : 7686M

Intu Debenture PLC

23 September 2021

Intu Debenture PLC

Results of Adjourned Meeting

INTU DEBENTURE PLC

LEI: 213800UX3TM5RGB1UF29

INTU DEBENTURE PLC (THE "COMPANY") ANNOUNCES RESULTS OF ADJOURNED MEETING IN RELATION TO ITS GBP354,876,000 5.562 PER CENT. FIRST MORTGAGE DEBENTURE STOCK 2027 (THE "STOCK")

23 September 2021

Capitalised terms used in this Announcement and not otherwise defined shall have the meanings given to them in, or incorporated by reference into, the notice of adjourned meeting prepared by the Company and provided to the holders of the Stock on 10 September 2021 (the "Notice of Adjourned Meeting"), unless the context otherwise requires.

Announcement of the results of the Adjourned Meeting

Further to the Company's announcement on 9 September 2021 announcing that the original meeting convened on the date thereof (the "Original Meeting") to vote in respect of the Extraordinary Resolution to approve the proposals set out in the notice of meeting dated 16 August 2021 (the "Original Notice of Meeting") had been adjourned for want of a quorum, the Company announces today the results of the adjourned meeting convened for holders of the Stock to vote in respect of the Extraordinary Resolution to approve the proposals referred to in the Extraordinary Resolution, in relation to the disposal of the freehold property known as 48/58 Bridlesmith Gate, Nottingham, NG1 2GP (the "Property") to a third party prospective purchaser, to release all existing charges and encumbrances over the Property that were granted pursuant to the Finance Documents (as defined in the Trust Deed) and to waive any breach and related Event of Default (as defined in the Trust Deed), as more particularly set out in the Original Notice of Meeting and as repeated in the Notice of Adjourned Meeting.

Pursuant to the terms of the Trust Deed, the Original Meeting was adjourned for want of a quorum and an adjourned meeting was held on 23 September 2021 to consider the Extraordinary Resolution, as more fully set out in the Original Notice of Meeting and as repeated in the Notice of Adjourned Meeting. Those proxies submitted for the Original Meeting, which were not otherwise withdrawn, remained valid for the adjourned meeting

Notice is hereby given to the holders of the Stock that at a virtual adjourned meeting of the Stockholders convened by Notice of Adjourned Meeting and held by way of videoconference on 23 September 2021 at 10:00 a.m. (London time), the necessary quorum was achieved and the Extraordinary Resolution detailed in the Original Notice of Meeting and as repeated in the Notice of Adjourned Meeting previously notified to the Stockholders in accordance with the terms of the Trust Deed for the Stock was duly passed.

The proposals set out in the Original Notice of Meeting and as repeated in the Notice of Adjourned Meeting (including the sale of the Property and the release of all related charges and encumbrances over the Property) will be implemented as soon as practicable.

Disclaimer

This Announcement must be read in conjunction with the Notice of Adjourned Meeting. This announcement is issued by the Company. None of the Trustee or the Registrar accepts any responsibility for the contents of this announcement.

Stockholders should contact the following for further information:

Company

Simmons & Simmons LLP

Citypoint

1 Ropemaker Street

London

EC2Y 9SS

United Kingdom

Email: intu@simmons-simmons.com

Attention: Peter Manning and James Taylor

Registrar

Link Group

10th Floor

Central Square

29 Wellington Street

Leeds

LS1 4DL

United Kingdom

Telephone: +44 371 664 0300

(Calls are charged at the standard geographic rate and will vary by provider. Calls outside the United Kingdom will be charged at the applicable international rate. Open between 09:00 -17:30, Monday to Friday excluding public holidays in England and Wales)

Email: shareholderenquiries@linkgroup.co.uk

Alvarez & Marsal Europe LLP and Milbank LLP have been retained as financial and legal advisers to an ad hoc group of Stockholders. Their contact details are as follows: ProjectIrisAMTeam@alvarezandmarsal.com and Iris@milbank.com.

This Notice is given by Intu Debenture PLC

Dated: 23 September 2021

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END

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(END) Dow Jones Newswires

September 23, 2021 05:35 ET (09:35 GMT)

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