30 Jun 2020 12:00
LEI: 213800JSNTERD5CJZO95
intu properties plc (in administration) ("PLC")
Intu (Jersey) 2 Ltd (the "Company")
Provider: Ogier Corporate Finance Ltd
30 June 2020
intu (Jersey) 2 Limited has noted the announcement on 26 June 2020 that administrators have been appointed in relation to intu properties plc and that trading in PLC shares has been suspended. The Company is considering the consequences of this development further and will be making further announcements as appropriate. Investors in the Company's Guaranteed Convertible Bonds due 2022 (the "Convertible Bonds") should note that the Company's ability to make future payments in relation to the Convertible Bonds is likely to depend on its ability to recover amounts due under intercompany loans made by the Company to PLC and/or other intu group entities in administration.
ENQUIRIES
Susan Marsden
Company Secretary
+44 (0)207 960 1200
INTU.L (INTU)