Noteholder Meeting Amendment Notice
July 29 2009 - 6:56AM
UK Regulatory
TIDM48AH
RNS Number : 4840W
Granite Mortgages 03-3 PLC
29 July 2009
Granite Mortgages 03-3 PLC
(a public company incorporated in England and Wales with registered number
4823268)
(the "Issuer")
The following is a notice to the holders of the Notes (as defined below).
US$500,000,000 Series 1 Class A3 Floating Rate Notes
(ISIN: US38741UAC18 /
CUSIP: 38741UACI)
EUR640,000,000 Series 2 Class A Floating Rate Notes
(ISIN: XS0176409927)
GBP340,000,000 Series 3 Class A Floating Rate Notes
(ISIN: XS0176410693)
US$72,000,000 Series 1 Class B Floating Rate Notes
(ISIN: US38741UAD90 /
CUSIP: 38741UAD9)
EUR23,000,000 Series 2 Class B Floating Rate Notes
(ISIN: XS0176410180)
GBP28,500,000 Series 3 Class B Floating Rate Notes
(ISIN: XS0176410776)
US$27,000,000 Series 1 Class M Floating Rate Notes
(ISIN: US38741UAE73 /
CUSIP: 38741UAE7)
EUR7,500,000 Series 2 Class M Floating Rate Notes
(ISIN: XS0176410347)
GBP11,500,000 Series 3 Class M Floating Rate Notes
(ISIN: XS0176410859)
US$50,000,000 Series 1 Class C Floating Rate Notes
(ISIN: US38741UAF49;
CUSIP: 38741UAF4)
EUR55,000,000 Series 2 Class C Floating Rate Notes
(ISIN: XS0176410420)
GBP7,500,000 Series 3 Class C Floating Rate Notes
(ISIN: XS0176411071)
(together the "Notes" and the holders thereof, the "Noteholders")
Reference is made to the notice of meetings of the Noteholders of the
outstanding Notes dated 6 July 2009 (the "Notice of Meetings"), which notice has
been given by the Issuer by delivery to the Clearing Systems.
NOTICE IS HEREBY GIVEN THAT:
(a) by way of reminder:
(1) meetings of the Noteholders (the "Meetings") are scheduled to be held at
12.00 p.m. (London time) on 6 August 2009 at the offices of Sidley Austin LLP,
Woolgate Exchange, 25 Basinghall Street, London EC2V 5HA or such later time as
such meetings are adjourned, for the purpose of considering and, if thought fit,
passing the extraordinary resolution, the form of which is set out in the Notice
of Meetings; and
(2) subject to the relevant provisions of the Trust Deed and the procedures
of the relevant Clearing System, the deadline for the completion by Noteholders
of the required procedures to vote at the relevant Meeting is 48 hours before
the time fixed for such Meeting; and
(b) notwithstanding the explanatory notes setting out the background and
purpose of the Meetings, as set out in the Notice of Meetings, and as a result
of discussions held by the Issuer and its representatives with certain
Noteholders since the date of the Notice of Meetings, the form of each amendment
deed to be signed by the chairman of each Meeting will, inter alia, provide
that:
(1) in respect of the amendment deed to amend the Collection Bank Agreement,
the required ratings for the Collection Banks be amended to (i) A-1 by S&P (and
not A-2 or such other rating at that time acceptable to S&P); (ii) P-1 by
Moody's (and not P-1 or such other rating in respect of which Moody's has
provided a rating affirmation of the then current ratings of the Notes); and
(iii) F1 by Fitch (and not F1 or such other rating at that time acceptable to
Fitch); and
(2) in respect of the amendment deeds to amend the Bank Account Agreement,
the Stand-by Bank Account Agreement and the Funding (03-3) Bank Account
Agreement, the required ratings for the Account Bank or the Stand-by Account
Bank, as applicable, be amended to (i) A-1 by S&P (and not A-1 or such other
rating at that time acceptable to S&P), (ii) P-1 by Moody's (and not P-1 or such
other rating in respect of which Moody's has provided a rating affirmation of
the then current ratings of the Notes); and (iii) F1 by Fitch (and not F1 or
such other rating at that time acceptable to Fitch).
The form of the extraordinary resolution, as set out in the Notice of Meetings,
is not required to be changed (and has not been changed) as a consequence of the
information set out above.
Unless the context otherwise requires, capitalised terms used but not defined in
this notice shall have the meanings given in the Notice of Meetings.
For further information, Noteholders should contact the Issuer at:
Fifth Floor
100 Wood Street
London EC2V 7EX
Fax: +44 20 7606 0643
Telephone: +44 20 7696 5285
Email:
ian.bowden@lawdeb.co.uk
Attention: Ian Bowden
Granite Mortgages 03-3 PLC
Dated: 29 July, 2009
This information is provided by RNS
The company news service from the London Stock Exchange
END
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