RCS - HDL Debenture Ltd - HDL Debenture redemption

CapitaAnnouncement

06/11/2023 08:15

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RNS Number : 3903S  HDL Debenture Limited  06 November 2023

THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE
BENEFICIAL OWNERS OF THE STOCK. THE INFORMATION CONTAINED HEREIN MAY NOT BE
PUBLICLY AVAILABLE AND MAY BE MATERIAL, PRICE SENSITIVE INFORMATION. IF
BENEFICIAL OWNERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY
SHOULD SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE, INCLUDING AS TO ANY TAX
CONSEQUENCES, IMMEDIATELY FROM THEIR STOCKBROKER, SOLICITOR, ACCOUNTANT OR
OTHER INDEPENDENT FINANCIAL OR LEGAL ADVISER.

 

IF APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING
THIS NOTICE ARE REQUESTED TO EXPEDITE THE RE-TRANSMITTAL TO BENEFICIAL OWNERS
OF THE STOCK IN A TIMELY MANNER.

 

IF YOU HAVE RECENTLY SOLD OR OTHERWISE TRANSFERRED YOUR ENTIRE HOLDING(S) OF
STOCK, YOU SHOULD IMMEDIATELY FORWARD THIS DOCUMENT TO THE PURCHASER OR
TRANSFEREE OR THE STOCKBROKER, BANK OR OTHER AGENT THROUGH WHOM THE SALE OR
TRANSFER WAS EFFECTED FOR TRANSMISSION TO THE PURCHASER OR TRANSFEREE.

 

HDL DEBENTURE LIMITED

(the "Issuer")

in respect of the Issuer's outstanding

10.375 per cent First Mortgage Debenture Stock due 2023

(the "Stock")

 

This notice is being issued by the Issuer for the holders of the Stock which
are constituted pursuant to a Trust Deed dated 13 July 1993 (as the same may
be amended, supplemented and/or restated from time to time, the "Trust Deed")
between the Issuer and Royal Exchange Trust Company Limited as Trustee (the
"Trustee").

Capitalised terms not otherwise defined in this notice shall have the meaning
given to them in the Trust Deed.

We refer to (i) the Issuer's notice dated 31 July 2023, pursuant to which the
Issuer notified the Stockholders of the occurrence of a default under
Condition 1 of the Stock due to the non-payment of the principal amount due on
the Stock on 31 July 2023, and (ii) the Trustee's notice to Stockholders dated
2 August 2023 in respect of such default.

The Issuer has completed a refinancing which will enable it to redeem the
Stock in full and pay the principal and accrued interest to the Stockholders.

Pursuant to the Trust Deed, the Trustee will provide notice to the
Stockholders of the date that payment will be made to Stockholders by way of
cheque to be posted to the Stockholders' addresses as set out in the Register
or via CREST (as applicable); this is anticipated to be on 17 November 2023.

Contacts: Stockholders who have any queries regarding this notice and who wish
to disclose their holding may contact the Issuer at:

Address:            HDL Debenture

10 Upper Berkeley Street

London W1H 7PE

 

Attention:         Brian Cole

E-mail:             brian.cole@marcol.com (mailto:brian.cole@marcol.com)

 

This Notice is given by the Issuer on 6 November 2023.

HDL Debenture Limited

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