REG - Lusitano Mort. No. 2 - Company Announcement

VistraAnnouncement

17/06/2019 13:30

RNS Number : 4948C
Lusitano Mortgages No. 2 plc
17 June 2019
 






COMPANY ANNOUNCEMENT




 


 




For Immediate Release


17 June 2019




 


 




Lusitano Mortgages No. 2 Public Limited Company
(the "Issuer")
 
€920,000,000  Class A Mortgage Backed Floating Rate Notes due 2036
(ISIN: XS0178545421) 
 
€30,000,000 Class B Mortgage Backed Floating Rate Notes due 2046
(ISIN: XS0178546742)
 
€28,000,000 Class C Mortgage Backed Floating Rate Notes due 2046
(ISIN: XS0178547047)
 
€16,000,000 Class D Mortgage Backed Floating Rate Notes due 2046
(ISIN: XS0178547393) 
 
 €6,000,000 Class E Mortgage Backed Floating Rate Notes due 2046
(ISIN: XS0178547633)
 
€9,000,000 Class F Mortgage Backed Floating Rate Notes due 2046
(ISIN: XS0180061110)
 




RE: Issuer Announcement




                                                                                         
In compliance with a Direction from the Central Bank of Ireland (the "Central Bank") issued pursuant to Regulations 40(5)(a) and 56(2)(a) of the Transparency (Directive 2004/109/EC) Regulations 2007 (the "Regulations"), trading of the above-mentioned securities has been suspended for a period of 10 days from 7am on 13 June 2019 pending publication of the relevant financial information as required by Regulation 4(2) of the Regulations.
 
The Direction was issued by the Central Bank in the exercise of its power under Regulation 40(5)(a) of the Regulations to request the Irish Stock Exchange (now trading as Euronext Dublin) (the "ISE"), as the relevant regulated market, to suspend the securities from trading, on the basis that the Central Bank has reasonable grounds for suspecting that the Issuer has infringed the provisions of Regulation 4(2) of the Regulations.
 
The ISE has confirmed to the Issuer in the past that the Notes remain listed while they are suspended and as a result, the Notes would continue to qualify as quoted Eurobonds such that interest payments may be made without deduction of tax (as set out in more detail in the Prospectus dated 29 October 2003 in relation to the Notes) during the period of suspension.
 
The inability to file the Issuer's audited financial statements with the Central Bank and the ISE in accordance with the timing required under the Regulations has arisen directly as a result of the audited financial statements of Lusitano Mortgages No. 2 Fundo not being available in order for its financial information to be consolidated into the Issuer's financial statements.
 
The Issuer is working to resolve this issue.    
 
Enquiries:
 
Lusitano Mortgages No. 2 Public Limited Company, c/o Vistra Alternative Investments (Ireland) Limited, Block A, Georges Quay Plaza, Georges Quay, Dublin 2, Ireland.
 
Attn: The Board of Directors
Fax.: +353 (0)1 6864879
Email: capitalmarkets.ie@vistra.com
 
This announcement has been issued through the Companies Announcement Service of Euronext Dublin.
 
 
 
 
 
 




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