Notice of Results
October 15 2010 - 8:16AM
UK Regulatory
TIDM56JX
SOUTHERN PACIFIC SECURITIES 04-1 PLC (the "Issuer")
Phoenix House
18 King William Street
London
EC4N 7HE
(a public limited company incorporated under the laws of England and Wales
with registered number 4930716)
NOTICE OF RESULTS OF MEETINGS AND OF ADJOURNED MEETINGS OF THE HOLDERS (the
"Noteholders") of those of the
* EUR325,700,000 Class A1a Mortgage Backed Floating Rate Notes due 2029
* (Reg S Common Code: 018671158, Reg S ISIN: XS0186711585)
* $310,000,000 Class A1b Mortgage Backed Floating Rate Notes due 2029
* (Rule 144A Common Code: 018730723 Rule 144A ISIN: US84359TAA51 Reg S Common
Code: 018671310 Reg S ISIN: XS0186713102)
* GBP177,700,000 Class A2 Mortgage Backed Floating Rate Notes (Reg S Common
Code: 018671379, Reg S ISIN: XS0186713797)(with Detachable A2 Coupons
(Common Code: 018671409, ISIN: XS0186714092)) due 2042
* (the "Class A Notes")
* GBP31,500,000 Class M Mortgage Backed Floating Rate Notes due 2042
* (Rule 144A Common Code: 018738678, Rule 144A ISIN: US84359TAB35 Reg S
Common Code: 018671450, Reg S ISIN: XS0186714506) (the "Class M Notes")
GBP6,000,000 Class B Mortgage Backed Floating Rate Notes due 2042
(Reg S Common Code: 018671522, Reg S ISIN: XS0186715222)
(the "Class B Notes" which, together with the Class A Notes and the Class M
Notes mean the "Notes")
of the Issuer presently outstanding
THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION
If you are in any doubt as to the action you should take, you are recommended
to seek your own financial and legal advice immediately from your stockbroker,
bank manager, solicitor, accountant or other financial adviser authorised under
the Financial Services and Markets Act 2000 (if you are in the United Kingdom),
or from another appropriately authorised independent financial or legal
adviser.
If you have recently sold or otherwise transferred your entire holding(s) of
Notes referred to below, you should immediately forward this document to the
purchaser or transferee or to the stockbroker, bank or other agent through whom
the sale or transfer was effected for transmission to the purchaser or
transferee.
The Class A Notes, Class M Notes and Class B Notes are together referred to as
the "Notes".
References in this Notice to a Class of Notes shall be deemed to be a reference
to the Class A Notes, the Class M Notes or the Class B Notes, as the case may
be.
Pursuant to a notice to the Noteholders dated 27 September 2010 (the "Notice"),
separate adjourned Meetings of the holders of the Class A Notes, the Class M
Notes, and the Class B Notes convened by the Issuer were held at the offices of
Berwin Leighton Paisner LLP, Adelaide House, London Bridge, London EC4R 9HA on
Monday, 13 October 2010 at 11.05 a.m., 11.10 a.m. and 11.15 a.m. respectively.
The results of the adjourned Meetings are as follows:
1) the adjourned Meeting of the holders of the Class A Notes passed the
Extraordinary Resolution;
2) the adjourned Meeting of the holders of the Class M Notes passed the
Extraordinary Resolution; and
3) the adjourned Meeting of the holders of the Class B Notes was inquorate and
was dissolved in accordance with the terms of the trust deed (the "Trust Deed")
dated 26 February 2004 made between the Issuer and Capita Trust Company Limited
(the "Trustee") as trustee for the Noteholders.
As the holders of all Classes of Notes have not passed the Extraordinary
Resolution, the proposed amendments set out in the Extraordinary Resolution
will not be implemented.
This Notice is given by the Issuer
* Dated 14 October 2010.
END
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