REG - WHG Treasury PLC - Notice to Bond Holders of £250m 4.25% bonds,

M&GAnnouncement

17/07/2025 16:15

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RNS Number : 5455R  WHG Treasury PLC  17 July 2025

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF BONDHOLDERS.
IF BONDHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY SHOULD TAKE, THEY SHOULD
CONSULT THEIR OWN INDEPENDENT PROFESSIONAL ADVISERS AUTHORISED UNDER THE
FINANCIAL SERVICES AND MARKETS ACT 2000 IMMEDIATELY.

            whg Treasury PLC

(a public limited company incorporated in England and Wales, with registration
number 9138070 under the Companies Act 2006)

(the Issuer)

 

Notice to the holders of

the £250,000,000 4.25 per cent. Secured Bonds due 2045

(ISIN: XS1115149681)

of the Issuer presently outstanding

(the Bondholders and the Bonds, respectively)

 

 

NOTICE IS HEREBY GIVEN to the Bondholders that:

1.         the Issuer (as Lender), Walsall Housing Group Limited (as
Borrower) and M&G Trustee Company Limited (as Security Trustee) have today
entered into a supplemental loan agreement which is supplemental to, and shall
be read together with, the loan agreement dated 6 October 2014 and made
between the Issuer (as Lender), Walsall Housing Group Limited (as Borrower)
and M&G Trustee Company Limited (as Security Trustee) (the Original Loan
Agreement) relating to the Bonds (the Supplemental Loan Agreement);

 

2.         the Supplemental Loan Agreement amends, in accordance with
clause 14.5.2 of the Original Loan Agreement, certain definitions relevant to
the Interest Cover Test.  The amendments are made due to changes in reporting
standards which affected the calculations of the Interest Cover Test.  In
agreeing the amendments required, the Lender received a certificate from an
auditor certifying that, in their opinion, the ratios contained in the
Interest Cover Test after such amendments will have substantially the same
effect as the ratios prior to the amendment and prior to the changes in
reporting standards; and

 

3.         a copy of the executed the Supplemental Loan Agreement is
available for inspection at the principal office of the Issuer.

 

Unless stated otherwise, capitalised terms used but not defined in this notice
shall have the same meaning ascribed to them in the Original Loan Agreement.

 

This Notice is given by:

whg Treasury PLC

100 Hatherton Street

Walsall

West Midlands, WS1 1AB

 

Dated 17 July 2025

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