Equity Release Funding (No.3) PLC Notice of results (6510J)

TIDM39PV

RNS Number : 6510J

Equity Release Funding (No.3) PLC

24 August 2021

NOTICE OF RESULTS

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS. IF ANY NOTEHOLDER IS IN ANY DOUBT AS TO THE ACTION IT SHOULD TAKE OR IS UNSURE OF THE IMPACT OF THE IMPLEMENTATION OF ANY EXTRAORDINARY RESOLUTION TO BE PROPOSED AT A MEETING, IT SHOULD SEEK ITS OWN FINANCIAL AND LEGAL ADVICE, INCLUDING AS TO ANY TAX CONSEQUENCES, IMMEDIATELY FROM ITS STOCKBROKER, BANK MANAGER, SOLICITOR, ACCOUNTANT OR OTHER INDEPENDENT FINANCIAL OR LEGAL ADVISER.

EQUITY RELEASE FUNDING (NO.3) PLC

(incorporated in England and Wales with limited liability under registered number 4701147)

(the "Issuer")

NOTICE OF RESULTS

of the holders of the outstanding Notes of the Issuer listed below

 
                                                                          Current Rate 
                                                         Aggregate         of Interest 
     Description                                         Principal          (per cent. 
       of Notes            ISIN       Common Code    Amount Outstanding     per annum) 
--------------------  -------------  ------------  --------------------  -------------- 
 
 GBP42,000,000         XS0169951000    016995100       GBP42,000,000       Three month 
  Class B Mortgage                                                           Sterling 
  Backed Floating                                                          LIBOR + 3.50 
  Rate Notes due                                                            per cent. 
  2038 (the "Notes")                                                         Floating 
                                                                               Rate

NOTICE IS HEREBY GIVEN that a meeting (the "Meeting") of the holders of the Notes (the "Noteholders") was convened by the Issuer and held via teleconference on 24 August 2021.

This announcement does not contain the full terms and conditions of the Consent Solicitations, which are contained in the Consent Solicitation Memorandum dated 13 July 2021 (the "Consent Solicitation Memorandum") prepared by the Issuer, which is available to Noteholders from the Tabulation Agent.

Unless the context requires otherwise, capitalised terms used but not defined in this Notice have the meanings given to them in the Trust Deed, the terms and conditions of the Notes (the "Conditions") or the Consent Solicitation Memorandum.

At the Meeting of the holders of the Class B Notes, the necessary quorum was achieved, 99.41% of Electronic Voting Instructions received were in favour of the Extraordinary Resolution and therefore the Extraordinary Resolution was passed and the Eligibility Condition was satisfied in respect of the Class B Notes.

On this basis, subject to receiving the consent of the Trustee, the Extraordinary Resolution will be implemented by the Issuer and the modifications to the Conditions of the Notes (as described in the Consent Solicitation Memorandum) will be implemented with effect from the dates specified in the Amendment Deed.

This Notice is given by Equity Release Funding (No.3) PLC.

Noteholders should contact the following for further information:

The Solicitation Agent

NatWest Markets Plc

250 Bishopsgate

London EC2M 4AA

United Kingdom

Telephone: +44 20 7678 5222

Attention: Liability Management

Email: liabilitymanagement@natwestmarkets.com

The Tabulation Agent

Lucid Issuer Services Limited

Tankerton Works

12 Argyle Walk

London WC1H 8HA

United Kingdom

Telephone: +44 20 7704 0880

Attention: Owen Morris

Email: aviva@lucid-is.com

Dated: 24 August 2021

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END

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August 24, 2021 11:19 ET (15:19 GMT)

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