Peterborough (Progress Health) plc Formal Notice (8157G)
24 Noviembre 2015 - 8:57AM
UK Regulatory
TIDM50PS
RNS Number : 8157G
Peterborough (Progress Health) plc
24 November 2015
RNS ANNOUNCEMENT
PETERBOROUGH (PROGRESS HEALTH) PLC - RNS ANNOUNCEMENT
For immediate release
24 November 2015
PETERBOROUGH (PROGRESS HEALTH) PLC (the "Issuer")
GBP446,115,000 5.58 per cent. Guaranteed Secured Bonds due
2042
guaranteed as to scheduled payments of principal and interest
pursuant to a bond financial guarantee issued by FGIC UK Limited
(the "Controlling Creditor") (the "Bonds")
(ISIN XS0308856276)
The Issuer intends, subject to the consent of the Controlling
Creditor (which consent is subject to the satisfaction of certain
conditions), to exercise rights that it has under finance documents
relating to the Bonds in respect of the sale of the shares held by
Brook Henderson Group Limited (the Existing Parent) in Asteral
Limited, Project Co's subcontractor in respect of the supply of
medical and equipment services to the Peterborough Hospital (the
MES Contractor) to Asteral Holdings Limited (the New Parent),
including:
(a) the release of the Existing Parent from its existing parent
company guarantee and the replacement of that existing parent
company guarantee with a new parent company guarantee issued by the
New Parent;
(b) deeds of novation pursuant to which the Existing Parent's
rights and obligations under (i) the MES Funders' Direct Agreement
between, among others, the Existing Parent, Project Co and the
Security Trustee; and (ii) the Contingent Funding Agreement between
the Existing Parent and Project Co, will each be transferred to the
New Parent;
(c) deeds of variation relating to (i) changes to the MES
specifications under the MES Subcontract between the MES Contractor
and Project Co and (ii) the 'flow-up' of those amendments to the
Project Agreement between Project Co and the NHS Trusts.
Enquiries
The Issuer
Peterborough (Progress Health) PLC
8 White Oak Square
Swanley
Kent
BR8 7AG
Attention: Matt Rollings
Important information
This announcement is not a prospectus, is distributed for
information purposes only and does not constitute or form part of
any offer or invitation to issue, acquire or dispose of any
securities in any jurisdiction. Nothing in this document is
intended to amount to an invitation or inducement to engage in
investment activity. Nothing in this document amounts to the giving
of advice. If you are in any doubt as to the action you should
take, you should consult a professional adviser.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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November 24, 2015 09:57 ET (14:57 GMT)
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