REG - SW (Finance) I PLC - Scheme of arrangement

MacquarieAnnouncement

05/08/2025 14:15

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RNS Number : 0804U  SW (Finance) I PLC  05 August 2025

ANNOUNCEMENT OF THE PRACTICE STATEMENT LETTER

 

SW (FINANCE) I PLC

Released 5 August 2025

SW (Finance) I PLC

5 August 2025

 

SWS Holdings Limited (the "Scheme Company") announces that it has executed and
published a practice statement letter dated 5 August 2025 ("Practice Statement
Letter") in relation to a proposed scheme of arrangement under Part 26 of the
Companies Act 2006 (the "Scheme") between the Scheme Company and each creditor
under the Scheme (the "Scheme Creditors").

The Practice Statement Letter is addressed to the Scheme Creditors. Creditors
are encouraged to read the Practice Statement Letter, which is available
online through the website https://deals.is.kroll.com/southernwater
(https://deals.is.kroll.com/southernwater) set up by Kroll Issuer Services
Limited as Information Agent in connection with the Scheme. Creditors will
need to contact the Information Agent at southernwater@is.kroll.com
(mailto:southernwater@is.kroll.com) to receive a password to access the
website and view the Practice Statement Letter. The Practice Statement Letter
outlines the Scheme Company's proposed Scheme, its proposed effects and next
steps for creditors.

The Practice Statement Letter is also available for inspection at the offices
of Kroll Issuer Services Limited, at The News Building, 3 London Bridge
Street, London, SE1 9SG, United Kingdom.

Creditors should contact the Information Agent at southernwater@is.kroll.com
(mailto:southernwater@is.kroll.com) with any questions on accessing the
Practice Statement Letter.

CREDITORS ARE ENCOURAGED TO REVIEW THE PRACTICE STATEMENT LETTER (A COPY OF
WHICH IS AVAILABLE AT HTTPS://DEALS.IS.KROLL.COM/SOUTHERNWATER) AND SEEK THEIR
OWN LEGAL AND FINANCIAL ADVICE SHOULD THEY HAVE ANY QUERIES IN RELATION TO ITS
CONTENTS

Background

The Scheme Company announced that it had secured an offer of equity support
from a consortium led by funds managed by Macquarie Asset Management to
support its AMP8 investment programme, comprising a legally binding equity
commitment of £655 million (the "Initial AMP8 Equity Commitment") provided on
the terms of an equity commitment letter ("ECL") and confirmation of intent to
provide further equity commitments of up to a further £545 million - and with
a minimum of £245 million - by December 2025. On 8 July 2025, the Scheme
Company announced that it has entered into a lock-up agreement (the "LUA").

As at 4 August 2025, the LUA has been signed or acceded to by approximately 77
per cent. in aggregate by value of the Scheme Creditors.

Financing creditors that are party to or accede to the LUA by the date
specified in the LUA are entitled to a fee of £1,000 each. Creditors should
contact the Lock-Up Agent at southernwater@is.kroll.com with questions on how
to accede to the LUA.

 

For further information, please contact Stuart Ledger (Group CFO) at:

Address:          Southern House, Yeoman Road, Worthing, BN13 3NX,
United Kingdom

Tel:                  01903 272 611

Email:              stuart.ledger@southernwater.co.uk
(mailto:stuart.ledger@southernwater.co.uk)

 

DISCLAIMER - INTENDED ADDRESSEES

This announcement is a communication to the market. Nothing in this
announcement constitutes an offer of securities for sale in the United States
or any other jurisdiction. This announcement does not constitute a prospectus
or a prospectus equivalent document.

This announcement has been delivered to you on the basis that you are a person
into whose possession this announcement may be lawfully delivered in
accordance with the laws of the jurisdiction in which you are located and you
may not, nor are you authorised to, deliver this announcement to any other
person. The distribution of this announcement in jurisdictions other than the
United Kingdom may be restricted by law and therefore persons into whose
possession this announcement comes should inform themselves about, and
observe, such restrictions. Any failure to comply with the restrictions may
constitute a violation of the securities laws of any such jurisdiction.

 

Your right to access this service is conditional upon complying with the above
requirement.

 

END

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