69ZM Xpe Grp.8.75%

TIDM69ZM

RNS Number : 5575L

Intu Debenture PLC

06 September 2023

Intu Debenture PLC

Notice of Restructuring Completion

Intu Debenture PLC

LEI: 213800UX3TM5RGB1UF29

GBP354,876,000 5.562 per cent. First Mortgage Debenture Stock 2027 (the "Stock")

INTU DEBENTURE PLC (THE "COMPANY") ANNOUNCES RESTRUCTURING COMPLETION

06 September 2023

Restructuring Completion

Further to the Company's announcement on 5 September 2023, announcing that Stockholders had at a meeting, held by way of videoconference on 5 September 2023 at 10:00 a.m. (BST), considered and duly approved the Extraordinary Resolution regarding the proposed amendment and restructuring transaction more fully set out in the Notice of Meeting dated 1 August 2023 (the "Transaction"), the Company hereby gives notice that each of the proposals set out in the Notice of Meeting have been implemented and the Transaction has completed.

The Company and its subsidiaries have improved their liquidity position as a result of implementation of the steps set out in the Notice of Meeting and are in a strengthened position following the completion of the Transaction. As a reminder, the Company and its subsidiaries' Business Plan is available on the Company website at https://debentureplc.com/quarterlyreports/ .

Stockholders should refer to the Notice of Meeting for further details in connection with the proposals set out therein. Copies of certain of the documents referenced therein were distributed to the Stockholders by post and remain available through a secured web portal the details of which are available from the Trustee who can be contacted at legalnotices@lawdeb.com.

The Company will continue to keep the Stockholders notified of any relevant developments in accordance with applicable law and regulation.

Capitalised terms used in this announcement and not otherwise defined shall have the meanings given to them in the Trust Deed dated 5 October 2006 (as amended and supplemented from time to time) and the Supplemental Trust Deed dated 30 July 2020 (together, the "Trust Deed") constituting the Stock and made between the Company, the Charging Subsidiaries (as defined in the Trust Deed), and The Law Debenture Trust Corporation p.l.c. (the "Trustee"), unless the context otherwise requires.

Please note that the Trustee has not been involved in the preparation or formulation of this announcement, the Notice of Meeting or the Extraordinary Resolution and expresses no views or opinions on this announcement , the Notice of Meeting or the Extraordinary Resolution. Stockholders are advised to take their own legal, financial and/or tax advice in relation to this announcement, the Notice of Meeting and the Extraordinary Resolution.

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: James Taylor

Registrar

Link Group

10(th) Floor

PXS 1

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 announcement is made by Intu Debenture PLC

Dated: 06 September 2023

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END

AGMUPUWWBUPWURQ

(END) Dow Jones Newswires

September 06, 2023 04:35 ET (08:35 GMT)

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