REG - Diversity FdgNo1 Ltd - Notice of Waiver

HSBC HoldingsAnnouncement

Today 18:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250617:nRSQ2457Na&default-theme=true

RNS Number : 2457N  Diversity Funding No1 Limited  17 June 2025

Diversity Funding No.1 Limited

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS.
IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD
SEEK THEIR OWN FINANCIAL AND LEGAL ADVICE IMMEDIATELY FROM THEIR STOCKBROKER,
SOLICITOR, ACCOUNTANT OR OTHER INDEPENDENT FINANCIAL OR LEGAL ADVISER.

Diversity Funding No.1 Limited

44 Esplanade
St Helier
Jersey
JE4 9WG

17 June 2025

Diversity Funding No.1 Limited
(incorporated with limited liability under the laws of Jersey)

 

NOTICE

in relation to the outstanding:

£6,828,106 Class D Variable Reference Rate Notes due 2046

(the "Class D Notes")

(ISIN: XS0330907576)

£34,300,000 Class E Variable Reference Rate Notes due 2046

(the "Class E Notes")

(ISIN: XS0330907659)

£11,400,000 Class F Variable Reference Rate Notes due 2046

(the "Class F Notes")

(ISIN: XS0332618296)

£11,500,000 Class G Variable Reference Rate Notes due 2046

(the "Class G Notes" (ISIN: XS0332617215) together with the Class D Notes,
the Class E Notes and the Class F Notes, the "Notes")

 

 

To:     Holders of the Notes (the "Noteholders")

Cc:     HSBC Trustee (C.I.) Limited, Manager, Corporate Services

Notice of Waiver Request:

1.   The Issuer hereby notifies the Noteholders that the holders of Class D
Notes, pursuant to Condition 12 (Meetings of Noteholders, Modification, Waiver
and Substitution of Principal Debtor) of Schedule 2 (Terms and Conditions) of
the Notes constituted by the Note Trust Deed (dated 29 November 2007 as
supplemented on 25 October 2013), have pursuant to a written resolution dated
17 June 2025 waived, for the period commencing on (and including) 31 May 2025
 and ending on (but excluding) 31 May 2026 (the "Relevant Period") only, any
breach of any obligation by the Issuer to pay principal or interest due in
respect of the Class D Notes during the Relevant Period pursuant to Condition
5 (Interest) and/or Condition 6 (Redemption, Purchase and Cancellation) of the
Notes, and of any Note Event of Default pursuant to Condition 10 (Note Events
of Default) which may result from a failure to make any such payment.

 

2.   If you wish to raise any queries in respect of the contents of the
Notice, please contact the Directors
(DiversityFundingNo1Limited@Intertrustgroup.com), Tel. 01534 504000.

Yours faithfully,

 

Diversity Funding No.1 Limited

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCBUGDLCXBDGUR