TIDM11JS 
 
THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR 
MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF 
THE MARKET ABUSE REGULATION (EU) 596/2014, AS AMED BY THE MARKET ABUSE 
(AMMENT) (EU EXIT) REGULATIONS 2019 (SI 2019/310) ("MAR"), AS IT FORMS PART 
OF UK DOMESTIC LAW ("UK MAR") BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 
2018, ENCOMPASSING INFORMATION RELATING TO THE CONSENT SOLICITATIONS AND THE 
PROPOSALS DESCRIBED BELOW. 
 
ANGLIAN WATER (OSPREY) FINANCING PLC 
 
(incorporated with limited liability under the laws of England and Wales under 
registered number 7476767) 
(Legal Entity Identifier: 21380072JDZ74GW9ZY87) 
 
announces the Consent Solicitations in relation to the Series of Notes (listed 
in the table below) issued by it pursuant to its £10,000,000,000[1] 
 
Guaranteed Secured Medium Term Note Programme 
 
unconditionally and irrevocably guaranteed by 
 
OSPREY ACQUISITIONS LIMITED 
 
(incorporated with limited liability under the laws of England and Wales under 
registered number 5915896) ("OAL") 
 
      Issuer           ISIN                  Description              Principal 
                                                                       amount 
                                                                     outstanding 
                                                                         (1) 
 
  Anglian Water    XS1223283091      £210,000,000 5.00 per cent.          £ 
(Osprey) Financing               Guaranteed Secured Fixed Rate Notes 210,000,000 
       Plc                        due 30 April 2023 unconditionally 
                                  and irrevocably guaranteed by OAL 
                                           ("2023 Notes") 
 
  Anglian Water    XS1732478000      £240,000,000 4.00 per cent.          £ 
(Osprey) Financing               Guaranteed Secured Notes due March  240,000,000 
       Plc                            2026 unconditionally and 
                                  irrevocably guaranteed by OAL (" 
                                            2026 Notes") 
 
 (the 2023 Notes and the 2026 Notes together, the "Notes" and each a "Series") 
 
 1. No Notes of any Series are owned or controlled, directly or indirectly, by 
    the Issuer. 
 
London, 16 August 2021 
 
Anglian Water (Osprey) Financing Plc (the "Issuer") today announces invitations 
to holders of the outstanding Notes in each Series to consent to, in respect of 
each Series of Notes: (i) the migration of the Notes from the existing 
financing platform to the Issuer and OAL's recently established ring-fenced 
investment grade financing platform (the "Migration Proposal") and to make 
changes to the Trust Deed (including to the Conditions of the Notes) in order 
to effect such Migration Proposal, and (ii) the submission by the Issuer of a 
request to Moody's Investors Service Limited ("Moody's") to discontinue rating 
the respective Series of Notes (the "Ratings Proposal", and together with the 
Migration Proposal, the "Proposals" and each a "Proposal"), each by way of 
approving a separate extraordinary resolution in respect of each Proposal (each 
an "Extraordinary Resolution"), all as further described in the Consent 
Solicitation Memorandum prepared by the Issuer dated 16 August 2021 (the " 
Consent Solicitation Memorandum" and each such invitation in respect of a 
Series, a "Consent Solicitation" and together, the "Consent Solicitations"). 
Capitalised terms used in this announcement and not otherwise defined shall 
have the meanings given to them in the Consent Solicitation Memorandum. 
 
 
 
Participation Fee 
 
Pursuant to each Consent Solicitation, in respect of each Series, each 
Noteholder who submits a valid Consent Instruction or a valid Ineligible 
Noteholder Instruction voting in favour of or against the Extraordinary 
Resolution relating to the Migration Proposal and which is validly received by 
the Tabulation Agent by the Expiration Deadline will be eligible, subject to 
the further terms set out herein and in the Consent Solicitation Memorandum, to 
receive a payment of 0.05 per cent. of the Outstanding Principal Amount of 
Notes of such Series that is the subject of the relevant valid Consent 
Instruction or valid Ineligible Noteholder Instruction (in the case of Eligible 
Noteholders, the "Participation Fee"). An amount equivalent to the relevant 
Participation Fee will be paid to the relevant Ineligible Noteholders on the 
terms, and subject to the conditions as further described in the Consent 
Solicitation Memorandum (the "Ineligible Noteholder Fee"). A separate Consent 
Instruction (or Ineligible Noteholder Instruction) should be delivered by a 
Noteholder in respect of its holding in each Series of Notes (if applicable). 
 
In this announcement, any references to "Participation Fee" should, in the 
context of Ineligible Noteholders, be construed as references to "Ineligible 
Noteholder Fee". However, further details on the Ineligible Noteholder Fee are 
set out in the section entitled "Annexure - Form of Notice of Meetings" in the 
Consent Solicitation Memorandum. 
 
Each Consent Solicitation is expected to expire at 4:00 p.m. (London time) on 2 
September 2021 (such time and date with respect to each Series, as the same may 
be extended or amended, the "Expiration Deadline"). 
 
In respect of each Series, payment of the relevant Participation Fee or 
Ineligible Noteholder Fee, as applicable, is subject to (i) delivery of a valid 
Consent Instruction by an Eligible Noteholder or a valid Ineligible Noteholder 
Instruction by an Ineligible Noteholder in favour of or against the 
Extraordinary Resolution relating to the Migration Proposal and which is 
validly received by the Tabulation Agent by the Expiration Deadline and not 
revoked (in the limited circumstances in which such revocation is permitted), 
(ii) the Consent Conditions relating to the Migration Proposal having been 
satisfied, and (iii) the other terms as set out in the Consent Solicitation 
Memorandum. 
 
Payment of the relevant Participation Fee or Ineligible Noteholder Fee in 
respect of a Consent Solicitation of a particular Series is not conditional on 
the approval of: (i) the Ratings Proposal in respect of such Series, or (ii) 
any Extraordinary Resolution in respect of the other Series of Notes. 
 
Furthermore, in respect of each Series, implementation of the Proposed 
Amendments/Instructions with regards to the Migration Proposal and the Ratings 
Proposal are not conditional upon each other. 
 
The Issuer will pay the relevant Participation Fee to the relevant Noteholders 
by no later than the fifth Business Day following the announcement of the 
satisfaction of the Consent Conditions relating to the Migration Proposal. 
 
Background to the Consent Solicitations 
 
 A. Background to Migration Proposal 
 
Each Series of Notes was issued pursuant to the £10,000,000,000[2] guaranteed 
secured medium term note programme established by the Issuer (the "Programme"). 
The intercreditor arrangements between the existing secured creditors of the 
Issuer (including the Noteholders) (the "Existing Secured Creditors") prior to 
the establishment of the New Financing Platform (as defined below) are governed 
by the amended and restated intercreditor agreement dated 6 January 2011 
between inter alios the Issuer, OAL, the existing security trustee and the 
existing note trustee (the "Existing Financing Platform"). 
 
On 16 June 2021, the Issuer, OAL and Osprey Investco Limited ("OIL" and 
together with OAL, the "Guarantors") established a new secured common debt 
platform (the "New Financing Platform"). The Issuer and the Guarantors also 
entered into the following documents in relation to the New Financing Platform, 
each dated 16 June 2021, which set out the framework under which the Guarantors 
and the Issuer may raise debt and contain common representations, warranties, 
covenants and events of default, as well as intercreditor arrangements: 
 
 a. the security trust and intercreditor deed (the "STID"); 
 b. the common terms agreement (the "CTA"); 
 c. the account bank agreement (the "ABA"); 
 d. the master definitions agreement (the "MDA"); and 
 e. the MidCo Obligors Security Agreement (the "MidCo Obligors Security 
    Agreement", together with the STID, the CTA, the ABA and the MDA, the " 
    Common Debt Documents"). 
 
On 16 June 2021, the Issuer announced that it would like to offer the 
Noteholders an opportunity to move to the New Financing Platform. As such, the 
Issuer proposes pursuant to the Consent Solicitations, by way of separate 
Extraordinary Resolutions, to amend the Conditions of each Series of Notes to 
allow the Noteholders to benefit from the New Financing Platform, including the 
common representations and warranties, covenants and events of default package, 
the intercreditor arrangements under the STID and the security created under 
the MidCo Obligors Security Agreement. The commercial terms of the Notes, 
including coupon, maturity date and other commercial terms in the applicable 
final terms for each Series of Notes would remain the same. 
 
 A. Background to Ratings Proposal 
 
The Notes are currently rated Ba1 by Moody's Investors Service Limited (" 
Moody's") and BBB- by Fitch Ratings Ltd ("Fitch"). Given the sub-investment 
grade level of Moody's rating, the Issuer is launching the Ratings Proposal 
following feedback from certain Noteholders that they would prefer that the 
rating of the Notes by Moody's is withdrawn and discontinued. As part of its 
policy on ratings, Moody's has informed the Issuer that although it cannot 
commit to the withdrawal and discontinuance of its rating of the Notes, it will 
take into account any instruction the Issuer receives from the Noteholders in 
deciding whether to continue to rate the Notes until their maturity. 
 
With this in mind, the Issuer wishes to provide the Noteholders of each Series 
the opportunity to vote on whether they wish for the Moody's rating applicable 
to the respective Series of Notes to be withdrawn and discontinued. Should the 
Ratings Proposal pass in respect of a particular Series, the Issuer will inform 
Moody's that this is the case and request that Moody's considers withdrawing 
and discontinuing its rating in respect of that Series. Notwithstanding the 
approval (if it is so approved) of the Ratings Proposal by way of Extraordinary 
Resolution at the relevant Meeting, there can be no assurance from any person 
that Moody's will in fact withdraw and discontinue their rating of that Series, 
and notwithstanding the outcome of the Extraordinary Resolution in respect of 
the Ratings Proposal, Moody's may continue to rate the Notes (or a Series of 
Notes) until their maturity date(s) irrespective of the outcome of the 
Extraordinary Resolution in respect of the Ratings Proposal for each Series. 
 
Consent Conditions 
 
 In respect of each Extraordinary Resolution of a Series of Notes, the 
implementation of the Proposed Amendments/Instructions 
 
will be conditional on: 
 
 a. the relevant Consent Solicitation not having been terminated; 
 b. the passing of the relevant Extraordinary Resolution; 
 c. in respect of the Extraordinary Resolution relating to the Migration 
    Proposal only, the execution and delivery of the relevant Supplemental 
    Trust Deed and accession memorandum implementing the Migration Proposal; 
    and 
 d. the quorum required for, and the requisite majority of votes cast at, the 
    relevant Meeting being satisfied by Eligible Noteholders, irrespective of 
    any participation at the Meeting by Ineligible Noteholders (including the 
    satisfaction of such condition at an adjourned Meeting as described in 
    "Meeting" below) (the "Eligibility Condition"), 
 
(in respect of each Consent Solicitation, each a "Consent Condition" and 
together, the "Consent Conditions"). 
 
The Issuer will announce the results of each Meeting and (i) whether each 
Extraordinary Resolution has been passed; and (ii) the satisfaction (or 
otherwise) of the relevant Consent Conditions, as soon as reasonably 
practicable after the relevant Meeting and following such satisfactions (or 
otherwise). 
 
Meetings 
 
The notice convening the Meetings of each Series of Noteholders (the "Notice of 
Meetings") to be held via teleconference on 7 September 2021 has been given to 
Noteholders in accordance with the applicable Conditions on the date of the 
Consent Solicitation Memorandum. 
 
The Meeting for the 2023 Notes will commence at 9:30 a.m. (London time) and the 
Meeting for the 2026 Notes will commence at 9:45 a.m. (London time) or after 
the completion of the preceding Meeting (whichever is later). 
 
To be eligible to receive the relevant Participation Fee, each Noteholder who 
submits a valid Consent Instruction or valid Ineligible Noteholder Instruction 
must not attend, or seek to attend, (in each case via teleconference or 
otherwise) the relevant Meeting or make any other arrangements to be 
represented at the relevant Meeting (other than by way of its Consent 
Instruction or Ineligible Noteholder Instruction). 
 
Noteholders may choose to attend (via teleconference) the relevant Meeting or 
make other arrangements to be represented at the relevant Meeting in accordance 
with the provisions for meetings of Noteholders set out in the Trust Deed, and 
as described in the relevant Notice of Meetings without submitting a Consent 
Instruction or Ineligible Noteholder Instruction. However, any such Noteholder 
will not be eligible to receive the relevant Participation Fee in respect of 
such Notes, irrespective of whether such Noteholder has also delivered a 
Consent Instruction or an Ineligible Noteholder Instruction or such other 
arrangements are made by the Expiration Deadline. 
 
In light of the ongoing developments in relation to the Covid-19 pandemic, the 
Issuer believes it to be inadvisable to hold the relevant Meeting at a physical 
location. Accordingly, in accordance with the provisions of the Trust Deed it 
has been agreed that further regulations regarding the holding of the relevant 
Meeting will be prescribed providing that each Meeting (and any relevant 
adjourned Meeting or Meetings) will be held via teleconference, but such 
Noteholders or their representatives will not be permitted to speak or vote at 
any such Meeting. In such circumstances, those Noteholders who have indicated 
that they wish to attend the relevant Meeting or Meetings will be provided with 
further details about attending the relevant Meeting or Meetings (and any 
adjourned Meeting(s)) via teleconference. None of the Meetings will be convened 
at a physical location. 
 
Noteholders should refer to the Notice of Meetings for full details of the 
procedures in relation to the Meetings. 
 
General 
 
Please also note that Anglian Water Services Financing Plc ("Anglian Water 
Services") has today announced that it is conducting separate consent 
solicitations in order to solicit consents from holders of certain Class B 
bonds issued by Anglian Water Services to re-designate their bonds to Class A 
bonds (the "OpCo Consent Solicitations"). The OpCo Consent Solicitations are 
not conditional on the implementation of the Proposed Ratings Instructions and/ 
or the Proposed Migration Amendments (or any of the other terms of the Consent 
Solicitations) set out in this announcement or the Consent Solicitation 
Memorandum. 
 
For the avoidance of doubt, the implementation of the Consent Solicitations set 
out in this announcement and the related Consent Solicitation Memorandum are 
not conditional on the success (or otherwise) of the OpCo Consent 
Solicitations. 
 
It is a term of each Consent Solicitation that Consent Instructions shall be 
irrevocable (save in certain limited circumstances as described in the Consent 
Solicitation Memorandum). 
 
The above provisions relating to Consent Instructions do not affect the rights 
of Noteholders to attend (via teleconference) the relevant Meeting or to make 
other arrangements to be represented at the relevant Meeting in accordance with 
the relevant Meeting Provisions. However, such Noteholders will not be eligible 
to receive the applicable Participation Fee other than by submitting a valid 
Consent Instruction or a valid Ineligible Noteholder Instruction by the 
Expiration Deadline. Noteholders who wish to attend a Meeting will be entitled 
to do so to observe proceedings only and will not be permitted to speak or vote 
at the relevant Meeting. A separate Consent Instruction must be completed in 
respect of each Series of Notes. 
 
The Issuer may, at its option and in its sole discretion, extend or amend each 
Consent Solicitation at any time (subject in each case to applicable law and 
the relevant Meeting Provisions and as provided in the Consent Solicitation 
Memorandum, and provided that no amendment may be made to the terms of the 
relevant Extraordinary Resolution). Details of any such extension, amendment or 
termination will be announced as provided in the Consent Solicitation 
Memorandum as promptly as practicable after the relevant decision is made. 
 
Noteholders are advised to check with any bank, securities broker or other 
intermediary through which they hold their Notes when such intermediary would 
need to receive instructions from a Noteholder in order for such Noteholder to 
participate in, or (in the limited circumstances in which revocation is 
permitted) to validly revoke their instruction to participate in, a Consent 
Solicitation by the deadlines specified in the Consent Solicitation Memorandum. 
The deadlines set by any such intermediary and each Clearing System for the 
submission and (where permitted) revocation of Consent Instructions will be 
earlier than the relevant deadlines specified in the Consent Solicitation 
Memorandum. 
 
Questions and requests for assistance in connection with (i) the Consent 
Solicitations may be directed to the Solicitation Agents and (ii) the delivery 
of Consent Instructions may be directed to the Tabulation Agent, the contact 
details for which are on the last page of this announcement. 
 
Indicative Timetable 
 
Set out below is an indicative timetable showing one possible outcome for the 
timing of the Consent Solicitations, which will depend, among other things, on 
timely receipt (and non-revocation) of instructions, the rights of the Issuer 
(where applicable) to extend, amend and/or terminate any Consent Solicitation 
(other than the terms of the relevant Extraordinary Resolution) as described in 
the Consent Solicitation Memorandum and the passing of each Extraordinary 
Resolution at the initial Meeting for the relevant Series. Accordingly, the 
actual timetable may differ significantly from the timetable below. 
 
Event 
 
Announcement of Consent Solicitations 
 
Announcement of Consent Solicitations             16 August 2021 
 
Notice of Meetings delivered to the Clearing 
Systems for communication to Direct Participants 
 
The Consent Solicitation Memorandum and documents 
referred to under "General" in the relevant 
Notice of Meetings are made available from the 
Tabulation Agent and from the specified office of 
the Paying Agent 
 
Expiration Deadline 
 
Final deadline for receipt by the Tabulation      4:00 p.m. (London time) 
Agent of valid Consent Instructions from          on 2 September 2021 
Noteholders for such Noteholders to be            (unless extended or 
represented at the relevant Meeting               amended) 
 
This will also be the deadline for (i) the 
issuance, amendment or revocation of a voting 
instruction given other than by way of a Consent 
Instruction; and (ii) making any other 
arrangements to attend (via teleconference) or be 
represented at any Meeting 
 
However, Noteholders making such other 
arrangements or submitting Consent Instructions 
after the Expiration Deadline will not be 
eligible to receive the applicable Participation 
Fee 
 
Meetings 
 
Meetings to be held via teleconference            In respect of the 2023 
                                                  Notes,  9:30 a.m. (London 
                                                  time) on 7 September 
                                                  2021; and 
                                                  in respect of the 2026 
                                                  Notes, 9:45 a.m. (London 
                                                  time) on 7 September 2021 
                                                  or after the completion 
                                                  of the preceding Meeting 
                                                  (whichever is later). 
 
Announcement of results of Meetings and 
satisfaction of the relevant Consent Conditions 
 
Announcement of the results of the Meetings and   7 September 2021 (as soon 
whether each Extraordinary Resolution has been    as reasonably practicable 
passed and the relevant Consent Conditions        after the Meetings) 
satisfied (or otherwise) 
 
Effective Date 
 
In respect of a Proposal or Proposals, for each   7 September 2021 
Series of Notes, if a relevant Extraordinary 
Resolution is passed and subject to the 
satisfaction of the relevant Consent Conditions, 
the date on which, in respect of the applicable 
Migration Proposal, the relevant Supplemental 
Trust Deed and accession memorandum will be 
executed and, in respect of the applicable 
Ratings Proposal, the date on which the Issuer 
submits a written request to Moody's to consider 
withdrawing and discontinuing its rating of the 
relevant Series (however, as set out herein, 
there can be no assurance from any person that 
Moody's will in fact withdraw and discontinue 
their rating of that Series, and Moody's may 
continue to rate the Notes (or a Series of Notes) 
until their (respective) maturity date(s)) 
 
Payment Date 
 
Subject to the satisfaction of the Consent        No later than the fifth 
Conditions relating to the Migration Proposal and Business Day following 
the other terms set out herein, payment of the    the date of the 
applicable Participation Fee in respect of the    announcement of the 
applicable Migration Proposal                     satisfaction of the 
                                                  relevant Consent 
                                                  Conditions. 
 
The Effective Date and the Payment Date in respect of each, or both, Series of 
Notes, are subject to change in the case of an adjourned Meeting or Meetings. 
 
Noteholders are advised to check with any bank, securities broker or other 
intermediary through which they hold their Notes when such intermediary would 
need to receive instructions from a Noteholder in order for such Noteholder to 
participate in, or (in the limited circumstances in which revocation is 
permitted) to validly revoke their instruction to participate in, the relevant 
Consent Solicitation(s) and/or the relevant Meeting(s) by the deadlines 
specified above. The deadlines set by any such intermediary and each Clearing 
System for the submission and (where permitted) revocation of Consent 
Instructions will be earlier than the relevant deadlines above. 
 
Investor Presentation 
 
An investor presentation prepared in connection with the Consent Solicitations 
is available to Noteholders via Deal Roadshow at https://dealroadshow.com/e/ 
Anglian21, or by visiting https://dealroadshow.com and entering the entry code: 
Anglian21 
 
Further Information 
 
A complete description of the terms and conditions of the Consent Solicitations 
is set out in the Consent Solicitation Memorandum. A copy of the Consent 
Solicitation Memorandum is available to eligible persons upon request from the 
Tabulation Agent. 
 
Before making a decision with respect to the Consent Solicitations, Noteholders 
should carefully consider all of the information in the Consent Solicitation 
Memorandum and, in particular, the risk factors described in the section 
entitled "Certain Considerations relating to the Consent Solicitations". 
 
For the purposes of UK MAR, this announcement is made by Jane Pilcher. 
 
Further details about the transaction can be obtained from: 
 
The Solicitation Agents 
 
Barclays Bank PLC                       Lloyds Bank Corporate Markets plc 
5 The North Colonnade                   10 Gresham Street 
Canary Wharf                            London EC2V 7AE 
London E14 4BB                          United Kingdom 
United Kingdom 
 
Telephone: +44 20 3134 8515             Telephone: +44 20 7158 1726 / 1719 
Attention: Liability Management Group   Attention: Liability Management Group 
Email: eu.lm@barclays.com               Email: 
                                        liability.management@lloydsbanking.com 
 
Copies of the Consent Solicitation Memorandum can be obtained from, and 
requests for information in relation to the procedures for participating in the 
Consent Solicitations, and the submission of a Consent Instruction (or 
Ineligible Noteholder Instruction, as applicable) should be directed to: 
 
Tabulation Agent 
 
                         Lucid Issuer Services Limited 
 
                                Tankerton Works 
 
                                12 Argyle Walk 
 
                                London WC1H 8HA 
 
                                United Kingdom 
 
                             Tel: +44 20 7704 0880 
                    Attention: Arlind Bytyqi / Jacek Kusion 
                       Email: anglianwater@lucid-is.com 
 
DISCLAIMER This announcement must be read in conjunction with the Consent 
Solicitation Memorandum. This announcement and the Consent Solicitation 
Memorandum contain important information which should be read carefully before 
any decision is made in respect of the relevant Proposed Amendments/ 
Instructions. If any Noteholder is in any doubt about any aspect of these 
proposals and/or the action it should take, it is recommended to seek its own 
financial, legal, regulatory or other advice immediately, including as to any 
tax consequences, from its stockbroker, bank manager, solicitor, accountant or 
other financial adviser authorised under the Financial Services and Markets Act 
2000, as amended  (if in the United Kingdom) or from another appropriately 
authorised independent financial adviser and such other professional advice 
from its own professional advisers as it deems necessary. Any individual or 
company whose Notes are held on its behalf by a broker, dealer, bank, 
custodian, trust company or other nominee must contact such entity if it wishes 
to participate in the relevant Consent Solicitation(s) relating to its Notes. 
 
The Note Trustee has not been involved in the formulation of the Extraordinary 
Resolutions and the Note Trustee expresses no opinion on the merits of any 
Extraordinary Resolution or on whether the Noteholders would be acting in their 
best interests in approving the Extraordinary Resolution and nothing in this 
Notice of Meeting should be construed as a recommendation to the Noteholders 
from the Note Trustee to vote in favour of, or against, any Extraordinary 
Resolution. If any Noteholder is in any doubt as to any aspect of the Proposals 
in the Consent Solicitation Memorandum and/or the action it should take, it is 
recommended to seek its own financial, legal or other advice, including as to 
any tax consequences, from its stockbroker, bank manager, solicitor, 
accountant, independent financial adviser authorised under the Financial 
Services and Markets Act 2000, as amended (if in the United Kingdom) or other 
appropriately authorised financial adviser. 
 
None of the Issuer, OAL, the Solicitation Agents, the Tabulation Agent, the 
Note Trustee, or any director, officer, employee, agent, representative or 
affiliate of any such person, is acting for any Noteholder, or will be 
responsible to any Noteholder for providing any protections which would be 
afforded to its clients or for providing advice in relation to any Consent 
Solicitation or any Extraordinary Resolution, and accordingly none of the 
Issuer, OAL, the Solicitation Agents, the Tabulation Agent, the Note Trustee or 
any director, officer, employee, agent, representative or affiliate of any such 
person, makes any recommendation as to whether or not or how Noteholders should 
participate in the relevant Consent Solicitation(s) or otherwise participate at 
the relevant Meeting(s). The Solicitation Agents, the Tabulation Agent and the 
Note Trustee do not take any responsibility for the contents of this 
announcement or the Consent Solicitation Memorandum. 
 
IMPORTANT INFORMATION 
 
This announcement is for informational purposes only and does not constitute or 
form part of an offer to sell or the solicitation of an offer to buy or 
subscribe to any securities, nor shall there be any sale of securities in any 
jurisdiction in which such offer, solicitation or sale would be unlawful prior 
to registration or qualification under the securities laws of any such 
jurisdiction. This announcement is not an offer of securities for sale into the 
United States. 
 
The release, publication or distribution of this announcement in certain 
jurisdictions may be restricted by law and therefore persons in such 
jurisdictions into which this announcement is released, published or 
distributed should inform themselves about and observe such restrictions. 
 
No solicitation will be made in any jurisdiction in which the making or 
acceptance thereof would not be in compliance with the laws of such 
jurisdiction. 
 
This announcement does not constitute or form part of any offer or invitation 
to sell, or any solicitation of any offer to purchase. It is not an 
advertisement and not a prospectus for the purposes of Regulation (EU) 2017/ 
1129 (including as it forms part of domestic law by virtue of the EUWA). 
 
UK MIFIR product governance / Professional investors and ECPs only target 
market - Manufacturer target market (if any) is eligible counterparties and 
professional clients (all distribution channels). No key information document 
(KID) pursuant to Regulation (EU) No 1286/2014 as it forms part of UK domestic 
law by virtue of the EUWA (UK PRIIPs Regulation) has been prepared as the Notes 
referred to in this Notice are not available to retail investors in the UK. 
 
[1]     Please note that the programme size was £1,000,000,000 at the time of 
the issuance of the Notes and this has subsequently been increased to £ 
10,000,000,000. 
 
[2]     Please note that the programme size was £1,000,000,000 at the time of 
the issuance of the Notes and this has subsequently been increased to £ 
10,000,000,000. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

August 16, 2021 05:11 ET (09:11 GMT)

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