Coventry & Rugby Hospital Co PLC Termination Notice (7541O)
2023年2月2日 - 7:44PM
RNSを含む英国規制内ニュース (英語)
TIDM51VZ
RNS Number : 7541O
Coventry & Rugby Hospital Co PLC
02 February 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
Limited)
(the "Bonds")
(ISIN: XSO159152189 Common Code: 015915218)
Termination Notice
In reference to (i) the Project Agreement between University
Hospitals Coventry and Warwickshire National Health Service Trust,
Coventry Primary Care Trust and The Coventry and Rugby Hospital
Company Plc, dated 3 December 2002, as amended from time to time,
and (ii) the Collateral Deed between The Coventry and Rugby
Hospital Company Plc, The Coventry and Rugby Hospital Company
(Holdings) Limited, Mourant & Co. Capital Trustees Limited
(succeeded by Apex Corporate Trustees (UK) Ltd) (as Security
Trustee and Bond Trustee ) and MBIA Assurance S.A. (succeeded by
Assured Guaranty (UK) Limited), dated 3 December 2002.
Unless otherwise defined herein, capitalised terms have the same
meaning as given to them in the Project Agreement and/or Collateral
Deed (as applicable).
On 1 February 2023 the Issuer received a termination notice from
the Coventry and Warwickshire Partnership Trust (previously
Coventry Primary Care Trust) (the "Trust"). The notice states that
the Trust terminates the Project Agreement in its entirety as it
applies to the Trust only, and that the termination is to take
effect immediately.
The Trust alleged that Project Co. Events of Defaults have
occurred in respect of the number of Service Failure Points accrued
in respect of alleged service and maintenance failings, giving it
the right to partially terminate the Project Agreement.
The Trust makes up circa 8% of the arrangements under the
Project Agreement and therefore the Project Agreement as it relates
to the University Hospitals Coventry and Warwickshire Trust will
continue.
Further updates will be provided once available.
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
intended to amount to an invitation or inducement to engage in
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
February 02, 2023 05:44 ET (10:44 GMT)
Cov&rug 3.246% (LSE:51VZ)
過去 株価チャート
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Cov&rug 3.246% (LSE:51VZ)
過去 株価チャート
から 6 2023 まで 6 2024