RCS - Escher Marwick PLC - Escher Marwick Plc Company Announcement
RNS Number : 2992KEscher Marwick PLC31 December 2020COMPANY ANNOUNCEMENT
Escher Marwick Plc (the "Issuer")
Notice to holders of:
Escher Marwick Plc 2017-F1 EUR Secured 7.00% NTS due 2022 ISIN GB00BF0L7628 (together, the "2017-F1 Notes")
The 2017-F1 Notes are admitted to the official list of the Frankfurt Stock Exchange.
This announcement is made by the Issuer pursuant to Regulation (EU) No. 596/2014 (the "Market Abuse Regulation") and Regulation (EU) 2016/1055 (the "Implementing Technical Standards") relating thereto.
Capitalised terms used but not defined herein have the meaning given to them in the terms and conditions of the 2017-F1 Notes as set out in the Supplemental Trust Deed dated 30 August 2017 relating to the 2017-F1 Notes.
The Issuer announces that interest due on the 2017-F1 Notes on 31 December 2020 has not been made to holders of the 2017-F1 Notes. This is in addition to the non-payment of interest due on 30 June 2020.
As a result of the non-receipt of amounts due to the Issuer, there are insufficient funds to pay interest on the 2017-F1 Notes.
No Event of Default (as defined in the terms and conditions of the 2017-F1 Notes) has been declared.
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