NOTICE OF OPEN MARKET
PURCHASE REQUEST
by
WELLINGTON PUB COMPANY
PLC
(Incorporated and registered
in England & Wales with registered number
03406623)
of
7.335% Class B Secured Fixed
Rate Bonds due 2029
(ISIN:
XS0084965879)
to
The Bondholders of Wellington
Pub Company PLC's 7.335%
Class B Secured Fixed Rate
Bonds due 2029
Dated: 18 April
2024
THIS NOTICE CONTAINS
IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND
BENEFICIAL OWNERS OF THE BONDS. IF APPLICABLE, ALL DEPOSITORY,
CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE
REQUIRED TO EXPEDITE TRANSMITTAL TO BENEFICIAL OWNERS OF THE BONDS
IN A TIMELY MANNER.
Wellington Pub Company PLC's (the
"Issuer") hereby gives
notice (the "Notice") to
the Bondholders of its 7.335% Class B Secured Fixed Rate Bonds due
2029 (ISIN: XS0084965879) (the "Bonds") constituted by the trust deed
dated 2 March 1998 (the "Trust Deed") made between the Issuer
and Deutsche Trustee Company Limited (the "Trustee"), that it
intends to purchase certain Bonds that remain outstanding pursuant
to the Trust Deed. Capitalised terms used in this notice but
not defined herein shall have the meaning given to them in the
Trust Deed.
All Bondholders are encouraged to
contact the Issuer directly to discuss the opportunity to sell
their Bonds. Any inquiries or questions that the relevant holders
of the Bonds may have regarding this notice should be directed to
the Issuer at:
Wellington Pub Company PLC
4th Floor, Millbank
Tower
21-24 Millbank
London, SW1P 4QP
Contact:
Name: Stephane Nahum
Email:
snahum@motcomb.co.uk
Phone Number: +44 207 802
5010
Name: Robert Schofield
Email: Robert.Schofield@criterionasset.co.uk
Phone Number: +44 207 802
5242
The ISIN indicated above is included
solely for convenience. The Issuer is not responsible for the use
or election of these numbers, nor is any representation made as to
the correctness or accuracy of such numbers printed on the Bonds or
as listed in this notice of redemption.
The offer is not being made to (nor will the tender of Bonds
for payment be accepted from or on behalf of) Bondholders of Bonds
in any jurisdiction where the making or acceptance of the offer
would not comply with the laws of that
jurisdiction.
This announcement contains certain forward-looking statements
with respect to certain of the Issuer's current expectations and
projections about future events. These statements, which sometimes
use words such as "intend," "proposed," "plan," "expect," and words
of similar meaning, reflect management's beliefs and expectations
and involve a number of risks, uncertainties and assumptions
(including the completion of the transactions described in this
announcement) that could cause actual results and performance to
differ materially from any expected future results or performance
expressed or implied by the forward-looking statement. Statements
contained in this announcement regarding past trends or activities
should not be taken as a representation that such trends or
activities will continue in the future. The information contained
in this announcement is subject to change without notice and,
except as required by applicable law, the Issuer assumes no
responsibility or obligation to update publicly or review any of
the forward-looking statements contained in it. Readers should not
place undue reliance on forward-looking statements, which speak
only as at the date of this announcement.