Coventry & Rugby Hospital Co PLC Service Failure Points and Liability Cap (2422O)
2023年1月30日 - 5:20PM
RNSを含む英国規制内ニュース (英語)
TIDM51VZ
RNS Number : 2422O
Coventry & Rugby Hospital Co PLC
30 January 2023
ANNOUNCEMENT
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF
BONDHOLDERS. IF BONDHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY
SHOULD TAKE, THEY SHOULD IMMEDIATELY CONSULT THEIR OWN INDEPENDENT
PROFESSIONAL ADVISERS.
THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST
TO THE REGISTERED AND BENEFICIAL OWNERS OF THE BONDS. IF
APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES
RECEIVING THIS NOTICE ARE REQUIRED TO EXPEDITE TRANSMISSION HEREOF
TO BENEFICIAL OWNERS OF THE BONDS IN A TIMELY MANNER. IF
BONDHOLDERS OR BENEFICIAL OWNERS OF THE BONDS ARE IN ANY DOUBT AS
TO THE MATTERS REFERRED TO IN THIS NOTICE, THEY SHOULD CONSULT
THEIR STOCKBROKER, LAWYER, ACCOUNTANT OR OTHER PROFESSIONAL ADVISER
WITHOUT DELAY.
If you have recently sold or otherwise transferred your entire
holding(s) of Bonds referred to below, you should immediately
forward this Notice 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 COVENTRY AND RUGBY HOSPITAL COMPANY PLC - RNS
ANNOUNCEMENT
THE COVENTRY AND RUGBY HOSPITAL COMPANY PLC (the "Issuer")
GBP407,239,000
3.246 per cent. Index Linked guaranteed secured bonds due 30
June 2040
(including GBP35,000,000 variation bonds)
(with authority to issue further bonds)
unconditionally and irrevocably guaranteed as to scheduled
payments of principal and interest pursuant to a financial
guarantee policy
issued by MBIA ASSURANCE S.A. (succeeded by Assured Guaranty UK
Ltd)
(the "Bonds")
(ISIN: XSO159152189 Common Code: 015915218)
Service Failure Points and Hard Service Provider Liability
Cap
The Hard Service Provider, Vinci Construction Ltd ("Vinci"),
submitted their Performance Monitoring Report for the month of
December 2022, in which they declared that sufficient Service
Failure Points ("SFPs") have accrued over the 6-month period July
2022 to December 2022, in respect of the service provided to the
University Hospital Coventry and Warwickshire NHS Trust (the
"Trust") to constitute an Event of Default under the Collateral
Deed. Additionally, the level of SFPs declared is above the
threshold for an Event of Hard Services Provider Default under the
Hard Services Contract and a Project Co Event of Default under the
Project Agreement.
The Trust has made deductions in respect of these failures.
These deductions, in addition to deductions withheld by the
Coventry and Warwickshire Partnership Trust, have taken the value
of cumulative deductions for the Contract Year to over 80% of the
total Hard Service Provider Liability Cap. This is also an Event of
Hard Services Provider Default under the Hard Services
Contract.
The Issuer will be reserving their rights in respect of these
issues with the Hard Service Provider.
Enquiries
The Issuer
The Coventry and Rugby Hospital Company Plc
8 White Oak Square
Swanley
Kent
BR8 7AG
Attention: Jacques Mostert, Project Co. Representative.
Important information
This announcement is not a prospectus, is distributed for
information purposes only and does not constitute or form part of
any offer or invitation to issue, acquire or dispose of any
securities in any jurisdiction. Nothing in this document is
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investment activity. Nothing in this document amounts to the giving
of advice. If you are in any doubt as to the action you should
take, you should consult a professional adviser.
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END
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(END) Dow Jones Newswires
January 30, 2023 03:20 ET (08:20 GMT)
Cov&rug 3.246% (LSE:51VZ)
過去 株価チャート
から 8 2024 まで 9 2024
Cov&rug 3.246% (LSE:51VZ)
過去 株価チャート
から 9 2023 まで 9 2024