Intu Debenture PLC
Q1 Update and Stockholder Call
INTU DEBENTURE PLC
LEI:
213800UX3TM5RGB1UF29
£354,876,000 8.75 per cent. First Mortgage
Debenture Stock 2027
INTU DEBENTURE PLC (THE "COMPANY") ANNOUNCES PUBLICATION OF Q1
2024 UPDATE AND SCHEDULED STOCKHOLDER CALL IN RESPECT OF Q1 2024
UPDATE
3 June 2024
Q1 2024 Update
The Company announces (1) the publication of an
operation and market update in respect of trading numbers in the
financial quarter ending on 31 March 2024 (the "Q1 Update"), which is available on the
Company's website at
https://debentureplc.com/wp-content/uploads/2024/06/Debenture-Plc-Q1-2024-Quarterly-Report-RNS.pdf
and (2) the scheduling of a one-hour
call with Stockholders to take place at 3 p.m. BST on
4 June 2024 to present and discuss the Q1
Update.
The Q1 Update provides an update with respect
to key information in respect of business operations and market
conditions as against the last quarterly update (in respect of the
financial quarter ending on 31 December 2023) that was made by the
Company and the Company's asset manager, Pradera Lateral Limited
("Pradera") on 15 February
2024.
Scheduled
Stockholder Call
The Company has scheduled a one-hour call with
the Stockholders to take place at 3 p.m. BST on 4 June
2024 (the "Update
Call"). On the Update Call, directors of the Company and
representatives from Pradera will present a brief overview of the
Q1 Update to those Stockholders who have registered to attend in
accordance with the procedure set out in this announcement
("Registered
Stockholders").
Registered Stockholders will have the
opportunity at the end of the Update Call to ask any clarificatory
questions that have arisen from their review of the Q1 Update (the
"Q&A Session").
Commercially sensitive and price sensitive information will not be
discussed or disclosed on the Update Call, including during the
Q&A Session.
Stockholders who wish to join the Update Call
must register in advance, by sending an email to the Company's
legal advisers, Simmons & Simmons LLP ("Simmons"), at
Intudebenture@simmons-simmons.com, prior to the Update Call to
confirm their proposed attendance.
Stockholders who register for the call will be
provided with an individualised attendance link to join the Update
Call. These individualised attendance links will allow access to a
virtual "lobby" and a representative of Simmons (the "Host") will admit attendees to the
Update Call from the virtual "lobby". The Company may require proof
of holdings in the Stock (in form and substance satisfactory to the
Company) prior to providing the individualised attendance
link.
In the interests of ensuring a productive call
with interested parties, only one attendee per individualised
attendance link will be admitted from the virtual "lobby" to the
Update Call. Therefore, if multiple members of a Stockholder's
organisation wish to attend the Update Call, it is imperative that
each individual contact Simmons & Simmons LLP, at the above
email address, directly to receive their own individualised
registration link.
Prior to the commencement of the Q&A
Session at the end of the Update Call, all attendees, other than
the Company and Pradera presenters, will be muted. A hand-raised
function during the Q&A Session will enable individual
attendees to be unmuted by the Host in order to ask their
clarificatory questions in relation to the Q1 Update. The Host
reserves the right to mute any participant at any time in order to
ensure a productive and orderly meeting.
The Update Call will be recorded. For the
purposes of the recording of the Update Call, attendees asking
questions will be expected to announce themselves and their
organisation.
The Company will continue to keep Stockholders
notified of any relevant developments in accordance with applicable
law and regulation.
Capitalised terms used in this Notice and not
otherwise defined shall have the meanings given to them in the
Supplemental Trust Deed dated 23 May 2024, the Supplemental Trust
Deed dated 5 September 2023 and the trust deed dated 5 October 2006
(as amended and supplemented from time to time and together with
the Supplemental Trust Deeds, the "Trust Deed") constituting the Stock and
made between the Company, the Charging Subsidiaries (as defined in
the Trust Deed), and The Law Debenture Trust Corporation p.l.c.
(the "Trustee"), unless the
context otherwise requires.
Please note
that the Trustee has not been involved in the preparation or
formulation of the Q1 Update, this announcement or any announcement
in respect of the Q1 Update and will not be participating in the
Update Call and expresses no views or opinions on the Q1 Update or
this announcement. Stockholders are advised to take their own
legal, financial and/or tax advice in relation to the matters
discussed on the Update Call and the Q1 Update.
Stockholders should contact the following for
further information:
Company
Simmons & Simmons LLP
Citypoint
1 Ropemaker Street
London
EC2Y 9SS
United Kingdom
Email: intu@simmons-simmons.com
Attention: James Taylor
Registrar
Link Group
PXS 1
Central Square
29 Wellington Street
Leeds
LS1 4DL
United Kingdom
Telephone: +44 371 664 0300
(Calls are charged at the standard geographic
rate and will vary by provider. Calls outside the United Kingdom
will be charged at the applicable international rate. Open between
09:00 -17:30, Monday to Friday excluding public holidays in England
and Wales)
Email:
shareholderenquiries@linkgroup.co.uk
This announcement is made by Intu Debenture
PLC
Dated: 3 June 2024