Extension of Reserve Bond Cancellation Date (5850I)
June 16 2011 - 9:59AM
UK Regulatory
TIDM93RF
RNS Number : 5850I
GenFinance II PLC
16 June 2011
Signing of Supplemental Bond Trust Deed dated the 16(th) June
2011
Genfinance II PLC (the "Company") issued GBP250 million 6.064%
secured bonds due 2039 on 21(st) December 2009 (ISIN:
XS0474146288). The Company purchased GBP50 million in nominal
amount of this bond issue on the issue date, for potential future
sale (the "Reserve Bonds"). The trust deed entered into at the time
of issue required that the Reserve Bonds be cancelled if not sold
by the Company within 18 months of the issue date (i.e. by 21(st)
June 2011)(the "Cancellation Date"). The Company has today entered
into a supplemental bond trust deed with the bond trustee which
extends the Reserve Bond Cancellation Date by 12 months to 30
months after the issue date (i.e. to 21(st) June 2012). The Company
will therefore continue to hold the Reserve Bonds for potential
sale prior to the amended Cancellation Date. No other terms of the
bond trust deed have been amended by the supplemental bond trust
deed.
For more information please contact Robert Kerse, Finance
Director (Email: robert.kerse@genesisha.org.uk; Telephone: 020 7563
0165).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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