We refer to the announcement dated 26 March 2021 relating to the launch of a consent solicitation (the Consent Solicitation) in respect of the £339,215,000 2.778 per cent. Secured Bonds due February 2034 (XS1175846580) (the Bonds) issued by the Issuer.
Capitalised terms used in this announcement and not defined herein have the meanings given to such terms in the solicitation memorandum (Solicitation Memorandum) dated 26 March 2021 in respect of the Consent Solicitation.
1. Background
(a) In order for Bondholders to consider the Consent Solicitation and to direct the Security Trustee to vote in relation to the STID Proposal, the Issuer launched the Consent Solicitation on 26 March 2021 pursuant to which Bondholders were asked to cast their votes by way of the delivery of Electronic Voting Instructions, and if desired, to approve the resolutions set out in paragraph 1, Appendix 2 of the STID Proposal by way of Extraordinary Resolution.