NewDay Funding 2017-1 PLC Certain Amendments (2113U)

TIDM75FO

RNS Number : 2113U

NewDay Funding 2017-1 PLC

10 July 2018

THIS NOTICE CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES (AS DEFINED BELOW). IF APPLICABLE, ALL DEPOSITARIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO PASS THIS NOTICE TO SUCH BENEFICIAL OWNERS IN A TIMELY MANNER.

If you are in any doubt as to the action you should take, you are recommended to seek your own financial 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 adviser and such other professional advice from your own professional advisers as you deem necessary.

This Notice is addressed only to current holders of the Notes (as defined below) and persons to whom it may otherwise be lawful to distribute it ("relevant persons"). It is directed only at relevant persons and must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this Notice relates is available only to relevant persons and will be engaged in only with relevant persons.

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.

THIS NOTICE DOES NOT CONSTITUTE OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS, AN OFFER FOR SALE, EXCHANGE OR SUBSCRIPTION OF, OR A SOLICITATION OF ANY OFFER TO BUY, EXCHANGE OR SUBSCRIBE FOR, ANY SECURITIES OF THE ISSUER OR ANY OTHER ENTITY IN ANY JURISDICTION.

NEWDAY FUNDING 2017-1 PLC

35 Great St. Helen's

London EC3A 6AP

(the "Issuer")

RNS ANNOUNCEMENT IN RESPECT OF CERTAIN AMENDMENTS

to current holders of the following notes of the Issuer

presently outstanding

GBP125,000,000 Class A Asset Backed Floating Rate Notes due 2020 (ISIN: XS1634772468 Common Code: 163477246)

GBP19,250,000 Class B Asset Backed Floating Rate Notes due 2020 (ISIN: XS1634772971

Common Code: 163477297)

GBP28,250,000 Class C Asset Backed Floating Rate Notes due 2020 (ISIN: XS1634774084

Common Code: 163477408)

GBP35,500,000 Class D Asset Backed Floating Rate Notes due 2020 (ISIN: XS1634774167

Common Code: 163477416)

GBP19,750,000 Class E Asset Backed Floating Rate Notes due 2020 (ISIN: XS1634803792

Common Code: 163480379)

GBP16,500,000 Class F Asset Backed Floating Rate Notes due 2020 (ISIN: XS1634834912

Common Code: 163483491)

(the "Notes")

In connection with the Notes issued by the Issuer on 5 July 2017, certain amendments have been made to the Master Framework Agreement dated 24 June 2015 and the Receivables Securitisation Deed dated 24 June 2015 with effect from 10 July 2018 in order to (i) provide that the full balance standing to the credit of the Originator Ring-fenced Account, up to the aggregate of all credit balances on Designated Accounts, will form part of the Eligible Receivables Balance and (ii) remove the concept of Originator Ring-fenced Credit Balance Surplus and Obligor Overpayments.

The amendments reflect the implementation of the Payment Services Regulations 2017 and changes to the manner in which the Originator Ring-fenced Account is funded.

The amendments have been made alongside equivalent amendments to the NewDay Group's own-brand master trust funding platform as regards the equivalent definitions for each Series. The amendments reflect the terms of the latest Series 2018-1 issuance under the own-brand master trust.

Capitalised terms used, but not defined, in this Notice have the meanings given to them in the prospectus dated 30 June 2017 issued in respect of the Notes.

Should any Noteholder have any queries in relation to this Notice, such Noteholder should contact the Issuer using the below contact details.

 
 Contact Details: 
 Issuer:              35 Great St. Helen's 
                       London EC3A 6AP 
                       Email: directors-uk@intertrustgroup.com 
                       Attention: The Directors

This Notice is given by

NEWDAY FUNDING 2017-1 PLC

as Issuer

Dated 10 July 2018

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 10, 2018 11:01 ET (15:01 GMT)

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