24 Mar 2016 12:12
ENTERPRISE INNS plc
(incorporated with limited liability in England and Wales)
refers to invitations by the Unique Pub Finance Company PLC (the Issuer) to any and all holders (the Noteholders) of the outstanding:
£435,000,000 6.542 per cent. Class A3 Asset Backed Notes due 2021 (the Class A3 Notes); and
£535,000,000 5.659 per cent. Class A4 Asset Backed Notes due 2027 (the Class A4 Notes and together with the Class A3 Notes, the Notes),
in each case, issued by the Issuer
24 March 2016. Enterprise Inns plc (the Company or Enterprise) refers to invitations by the Issuer to Noteholders on 2 March 2016 to consent to certain amendments to the documentation of the securitisation transaction involving the Notes as proposed by the Issuer (the Proposals) for approval by an extraordinary resolution (an Extraordinary Resolution) at a meeting of the Noteholders as further described in the Consent Solicitation Memorandum prepared by the Issuer dated 2 March 2016 (the Consent Solicitation Memorandum) (the Consent Solicitation). Capitalised terms used but not otherwise defined in this announcement have the meanings given in the Consent Solicitation Memorandum.
Meeting and passing of Extraordinary Resolution
The Meeting in respect of the Consent Solicitation was held at 10:00 a.m. London time on 24 March 2016. Noteholders representing approximately 99 per cent. of the Principal Amount Outstanding of the Notes were represented at the Meeting and submitted votes in respect of the Extraordinary Resolution. Of such votes submitted, approximately 98 per cent. were in favour of the Extraordinary Resolution. Therefore, the Meeting was quorate and the Extraordinary Resolution was passed at the Meeting and is binding on the holders of all classes of notes issued by the Issuer.
Following the passing of the Extraordinary Resolution at the Meeting, the Deed of Amendment shall be executed as soon as reasonably practicable after the Meeting and the amendments described in the Consent Solicitation Memorandum will become effective upon such execution. Where payable, the relevant Consent Fee shall be paid to Noteholders in accordance with the terms of the Consent Solicitation Memorandum.
Further details of the Consent Solicitation
The Consent Solicitation and the Proposals were made on the terms and subject to the conditions contained in the Consent Solicitation Memorandum. This announcement should be read in conjunction with the Consent Solicitation Memorandum.
Enquires:
Neil Smith, Chief Financial Officer, 0121 733 7700
Jonathan Siburn, Tulchan Communications, 0207 353 4200