CONSENT SOLICITATION - NOTICE OF AMENDED DOCUMENTS

RNS Number : 6344S

Dignity Finance PLC

14 September 2010

 

 

 

 

For immediate release 14 September 2010

Dignity Finance plc

Amendments to Documents on Display

On 26 August 2010, Dignity Finance PLC (the "Company") called a meeting of the holders of the £155,550,000 Class A Secured 6.310 per cent. Notes due 2023 (ISIN: XS0165707612) (the "Class A Notes") to be held on 17 September 2010 (the "Meeting").

Broadly, the purpose of issuing the consent solicitation document (the "CSD") and calling the Meeting was for the Company to obtain, by way of an Extraordinary Resolution of the Class A Noteholders, certain consents and waivers from the Class A Noteholders in order to facilitate a tap issue of the existing Class A Notes and £132,500,000 Class B Secured 8.151 per cent. Notes due 2031 (the "Class B Notes" and together with the Class A Notes, the "Secured Notes") and to effect certain structural amendments and administrative amendments (together the "Consent Solicitation"). The detailed terms of the Consent Solicitation were set out in the CSD which was referred to in the notice alerting the Class A Noteholders to the Meeting and made available to the Class A Noteholders.

Pursuant to the CSD, the Company has made available for inspection by the Class A Noteholders, at the specified offices of the Paying Agents and Tabulation Agent, drafts of certain transaction documents relating to the Secured Notes (the "Implementation Documents") which it intends to amend should the Consent Solicitation be approved.

The Company hereby notifies the holders of the Class A Notes that minor modifications to certain of the draft Implementation Documents dated 26 August 2010 have been made and that, accordingly, revised drafts of such Implementation Documents (marked to show all amendments from the versions previously on display) are now available for inspection by the Class A Noteholders at the specified offices of the Paying Agents and the Tabulation Agent, all in accordance with the provisions of the CSD. Such revised drafts of the Implementation Documents will supersede the previous drafts of such documents and, in accordance with the provisions oft he CSD, the Class A Noteholders will be deemed to have notice of any changes contained therein.

For the avoidance of doubt, the Company does not consider the revisions to such drafts of the Implementation Documents to be material or materially less favourable to the Class A Noteholders.

The Company will make further announcements as appropriate.

For more information

Steve Whittern, Finance Director

Mike McCollum, Chief Executive

Dignity plc +44 (0) 121 354 1557

 

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