Anglian Water (Osprey)Financing PLC Notice to Noteholders (2933G)

TIDM10OI

RNS Number : 2933G

Anglian Water (Osprey)Financing PLC

28 February 2018

Amendment of Final Terms for Anglian Water (Osprey) Financing Plc's (the "Issuer") GBP 240,000,000 4.000 per cent. Notes due March 2026 (the "Notes") issued under its GBP1,000,000,000 Guaranteed Secured Medium-Term Note Programme (the "Programme")

ISIN: XS1732478000

Noteholders are hereby notified that it has come to the attention of the Issuer that the Broken Amount specified in Paragraph 14(iv) of the Final Terms published in relation to the Notes is incorrect and should be amended to account for the shorter first Interest Accrual Period.

The Issuer believes that, since the commercial intention (as reflected in other provisions in the Final Terms) is that there is a short coupon for the first Interest Accrual Period, Paragraph 14(iv) of the Final Terms should state a "Broken Amount" that reflects interest actually accrued in that short first Interest Accrual Period.

Consistent with Condition 5(g) (Calculations) of the Notes, the Day Count Fraction (calculated by Actual/Actual-ICMA) would be:

No. of days in the Calculation Period ÷ No. of actual days

= 90 ÷ 365 = 0.2465 for the first Interest Accrual Period

The amount of interest payable per Calculation Amount in respect of the first Interest Accrual Period would be the product of the Rate of Interest, the Calculation Amount and the Day Count Fraction for the first Interest Accrual Period. Therefore, that amount would be:

0.04 x GBP1,000 x 0.2465 = GBP9.86 per Calculation Amount.

Accordingly, Paragraph 14(iv) of the Final Terms should be corrected to state that the Broken Amount is "GBP9.86 per Calculation Amount payable on the Interest Payment Date falling on 8 March 2018" instead of "Not Applicable".

The Issuer has therefore requested Deutsche Trustee Company Limited as the note trustee under the trust deed (the "Note Trustee") to agree to an amendment of the Final Terms to reflect the correction of the Broken Amount as set out above (the "Proposed Amendment").

Pursuant to the powers of modification granted to it under the trust deed in respect of the Notes, the Note Trustee presently intends to agree with the Issuer to the Proposed Modification, unless it receives a reasoned objection from Noteholders to the Proposed Modification. Noteholders should note that it is intended that the Proposed Modification be made by 12:00 (noon) on 7 March 2018 (the day prior to the Interest Payment Date falling on 8 March 2018).

The amended Final Terms will be published upon their amendment and contain the final terms of the Notes and must be read in conjunction with the Prospectus dated 21 July 2017 (the "Prospectus") which constitutes a base prospectus for the purposes of the Prospectus Directive.

Should Noteholders have any objections in relation to the Proposed Modification, they should contact the Note Trustee or the Issuer before 12:00 (noon) on 7 March 2018 using the following contact details:

The Issuer:

Jane Pilcher

Group Treasurer

Anglian Water (Osprey) Financing plc

LANCASTER HOUSE, LANCASTER WAY

ERMINE BUSINESS PARK

HUNTINGDON

CAMBRIDGESHIRE

PE29 6XU

   TEL:    01480 323503 
   FAX:   01480 323540

The Note Trustee:

Deutsche Trustee Company Limited

Winchester House

1 Great Winchester Street

London EC2N 2DB

Email: leah.richmond@db.com

DISCLAIMER - INTENDED ADDRESSEES

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 28, 2018 11:14 ET (16:14 GMT)

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