Speyside Rnwbl Enrgy - Early redemption and cancellation of listing
21/03/2022 11:08
For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220321:nRSU4493Fa&default-theme=true
RNS Number : 4493F Speyside Renewable Energy Fin PLC 21 March 2022
21 March 2022
SPEYSIDE RENEWABLE ENERGY FINANCE PLC (the "Issuer")
(LEGAL ENTITY IDENTIFIER: 21380097NXYHPDOSEJ92)
Notice to holders (the "Noteholders")
of the
3.000 per cent. Guaranteed Secured Bonds due 13 June 2028
(ISIN: XS1098384115)
of the Issuer (the "Notes")
Announcement of the early redemption and cancellation of listing of the
outstanding Notes by Speyside Renewable Energy Finance plc
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AND IS MADE IN ACCORDANCE WITH
REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("UK MAR") AND ARTICLE 2 OF COMMISSION
IMPLEMENTING REGULATION (EU) 2016/1055 RELATING THERETO (THE "COMMISSION
IMPLEMENTING REGULATION"). FOR THE PURPOSES OF UK MAR AND ARTICLE 2 OF THE
BINDING TECHNICAL STANDARDS PUBLISHED BY THE FINANCIAL CONDUCT AUTHORITY IN
RELATION TO UK MAR AS REGARDS THE COMMISSION IMPLEMENTING REGULATION, THIS
ANNOUNCEMENT IS MADE BY CHARLES MCLEOD AT THE ISSUER.
On 21 October 2021, the Issuer announced that Speyside Renewable Energy
Partnership Hold Co Limited (in administration) ("HoldCo"), the owner of
Speyside Renewable Energy Partnership Ltd ("ProjectCo"), was intending to
launch a sale process of 100% of the shares in ProjectCo (the "ProjectCo
Sale"). Furthermore, the Issuer announced that, although there was no
certainty that a buyer would be found or that a sale would occur, there was
the possibility that if a sale was completed the proceeds of the sale could be
used in whole or in part to repay certain debts owed by ProjectCo.
Furthermore, on 24 November 2021, the Issuer announced that if the ProjectCo
sale occurred, it was considering applying some of the proceeds of the sale in
a full or partial redemption of the Notes.
The Issuer now announces that:
1. a buyer has been found and that the ProjectCo Sale will occur on 21
March 2022;
2. as part of the ProjectCo Sale mechanics, ProjectCo will be put in
sufficient funds for a full redemption of the Notes on 21 March 2022, in
accordance with condition 5.3 of the terms and conditions of the Notes; and
3. following the redemption of the Notes in full on 21 March 2022, the
Issuer will request the UK Financial Conduct Authority to remove any reference
to the Notes from the Official List.
For further information, please contact:
SPEYSIDE RENEWABLE ENERGY FINANCE PLC
c/o Newbridge Advisors LLP
Attention: Grant Vaughan
Telephone: +44 20 3637 9761 / +44 7867 802 095
E-mail: grant.vaughan@newbridge.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 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 any jurisdiction 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
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 MSCFLFILVRILFIF