RE: Rns29 May 2020 12:03
COVID-19 Update Results Noteholder Consent Request
Fri, 29th May 2020 10:47
RNS Number : 3791O
Marston's PLC
29 May 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
29 May 2020
MARSTON'S PLC
("Marston's" or "the Group")
COVID-19 Update re: Results of Noteholder Consent Request
As previously announced on 7 May 2020, Marston's Issuer PLC (the "Issuer") formally asked the holders of its Secured Class A Notes (the "Noteholders") for a limited number of technical waivers and amendments (the "Proposals"), as a consequence of the enforced temporary closure of its pubs by the UK Government as a result of the COVID--19 pandemic measures.
The meeting of the Noteholders took place at 10 a.m. today.
The Group is pleased to confirm that the Noteholders which were present, or represented, at the meeting held 99.55 per cent of the total amount outstanding of the Secured Class A Notes and 96.12% voted in favour of the Extraordinary Resolution regarding the Proposals, thereby giving their consent to the technical waivers and amendments requested by the Issuer.
As a result, the Issuer will now proceed with the implementation of the Proposals.