REG - Saltaire Finance PLC - Notice to Noteholders

ESRAnnouncement

21/12/2023 13:30

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RNS Number : 6497X  Saltaire Finance PLC  21 December 2023

Issuer: Saltaire Finance plc

Date: 21 December 2023

 

Saltaire Finance PLC

(the "Issuer")

(incorporated with limited liability in England and Wales

with registration number 12967182)

 

Expansion of the Affordable Homes Guarantee Scheme ("AHGS")

 

 

This announcement is released by Saltaire Finance plc and contains inside
information for the purposes of Article 7 of the Market Abuse Regulation (EU)
596/2014 (as it forms part of domestic UK law pursuant to the European Union
(Withdrawal) Act 2018) (UK MAR). For the purposes of UK MAR and Article 2 of
the Commission Implementing Regulation (EU) 2016/1055 (as it forms part of
domestic UK law pursuant to the European Union (Withdrawal) Act 2018), this
announcement is made by 21 December 2023 on behalf of Intertrust Directors 1
Limited as Director of Saltaire Finance plc.

Amended and restated concessionaire agreement

 

The Issuer is pleased to announce today the entry by Saltaire Housing Ltd, as
the Concessionaire (as defined in the Programme Memorandum (as defined
below)), and the Secretary of State for Housing, Communities and Local
Government (the "Guarantor") into a concession agreement originally dated 16
October 2020 as amended and restated by an amendment and restatement agreement
dated on or around the date of this announcement (the "ACA").

 

As part of the amendments to the AHGS and pursuant to the ACA, the range of
delivery undertakings which may be eligible for funding will be broadened and
the current rules of the scheme will be modified. In addition, the Guarantor
has agreed to issue further debt capital guarantees in an aggregate principal
amount not exceeding £6 billion. Saltaire Housing Ltd will continue to manage
and deliver the AHGS as amended.

Bond programme

The Issuer notes that any consequential amendments to its £3,000,000,000
guaranteed secured bond programme, the subject of a programme memorandum
issued by the Issuer on 9 June 2021 (the "Programme Memorandum"), will be the
subject of a separate announcement to the extent required by applicable
regulatory and other disclosure obligations.

For further information, please contact Venn Partners LLP (trading as ARA
Venn).

Email: legal@ara-venn.com and operations@ara-venn.com

Tel: +44 (0)20 7073 9350

DISCLAIMER - INTENDED ADDRESSEES

This announcement does not constitute an offering of securities and is not for
distribution in the United States. The securities described in the Programme
Memorandum (the "Securities") have not been, and will not be, registered under
the U.S. Securities Act of 1933, as amended (the "Securities Act"), or under
any relevant securities laws of any state of the United States of America and
are subject to U.S. tax law requirements. Subject to certain exceptions, the
Securities may not be offered or sold directly or indirectly within the United
States or to, or for the account or benefit of, U.S. persons or to persons
within the United States of America, as such terms are defined in Regulation S
under the Securities Act. Any forwarding, distribution or reproduction of the
Programme Memorandum in whole or in part is prohibited. Failure to comply with
this notice may result in a violation of the Securities Act or the applicable
laws of other jurisdictions. There will be no public offering of the
Securities in the United States.

Your right to access this service is conditional upon complying with the above
requirements. In particular, your accessing this service will constitute your
representation that you are not in the United States and you are not a U.S.
person within the meaning of Regulation S under the Securities Act and the
U.S. Internal Revenue Code and regulations thereunder.

END

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