Arqiva Financing PLC Receipt of Minimum Proceeds (4072S)

TIDM20CA

RNS Number : 4072S

Arqiva Financing PLC

08 July 2020

ARQIVA FINANCING PLC ANNOUNCES RECEIPT OF MINIMUM PROCEEDS AND INSTRUCTION FEE PAYMENT DATE IN CONNECTION WITH THE STID PROPOSAL

8 July 2020

Receipt of Minimum Proceeds

This announcement is made in connection with the STID Proposal dated 11 May 2020.

Arqiva Financing plc (the "Issuer") announces that the Minimum Proceeds have been received today, 8 July 2020.

Instruction Fees

The Instruction Fee will be paid on the Payment Date (which is expected to be on or before 22 July 2020 being the tenth Business Day following the Minimum Proceeds having been paid into the Segregated Proceeds Account) via the relevant Clearing System for onward payment to the cash account of an eligible holder of the Bonds in such Clearing System. The payment of any such amounts to the relevant Clearing System will discharge the obligations of the Issuer in respect of the Instruction Fee to all such relevant Bondholder(s).

Capitalised terms used in this announcement and not defined herein have the meanings ascribed to them in the STID Proposal Memorandum dated 11 May 2020 (the "STID Proposal Memorandum") which includes the form of the STID Proposal appended to it in the Schedule.

For Further Information:

Further details on the STID Proposal Consent Solicitation can be obtained from:

The Solicitation Agents

Banco Santander S.A.

2 Triton Square

Regent's Place

London NW1 3AN

United Kingdom

   Telephone:       +44 7418 709 688 / +44 7742 403 679 
   Email:             tommaso.grospietro@santandercib.co.uk / adam.crocker@santandercib.co.uk 
   Attention:        Liability Management

Merrill Lynch International

2 King Edward Street

London EC1 1HQ

United Kingdom

   Telephone:       +44 (0) 20 7996 5420 
   Email:             DG.LM-EMEA@bofa.com 
   Attention:        Liability Management Group

The Tabulation Agent

Lucid Issuer Services Limited

Tankerton Works

12, Argyle Walk

London WC1H 8HA

   Telephone:       +44 20 7704 0880 
   Email:             arqiva@lucid-is.com 
   Attention:        Oliver Slyfield/David Shilson 
   Website:          https://portal.lucid-is.com/deals/arqiva/library

Disclaimer

This announcement must be read in conjunction with the STID Proposal Memorandum. This announcement is issued by Arqiva Financing plc. None of the Solicitation Agents, the Tabulation Agent, the Obligor Security Trustee or the Bond Trustee accepts any responsibility for the contents of this announcement.

This announcement is released by Arqiva Financing plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 ("MAR"), encompassing information relating to the proposals described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Jeremy Mavor (Secretary) at Arqiva Financing plc.

Legal Entity Identifier number:

Arqiva Financing plc - 213800HHECW72RW2QH41

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END

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July 08, 2020 06:05 ET (10:05 GMT)

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