18th Dec 2006 14:52
British Land Co PLC18 December 2006 The British Land Company PLC Issues Notice of Redemption of Existing Debenturesand implementation of Proposals NOTICE to the respective holders of the outstanding debentures issued by The BritishLand Company PLC (the "Company") £200,000,000 9 3/8 per cent. First Mortgage Debenture Stock due 2028 (TheExisting 2028 Debentures) (of which £25,387,615 is outstanding) £250,000,000 8 7/8 per cent. First Mortgage Debenture Bonds due 2035 (TheExisting 2035 Debentures) (of which £41,702,500 is outstanding) (together the "Existing Debentures") This announcement is made in connection with the Consent Solicitation as definedin the Consent Solicitation Document dated 24 November 2006 (the "ConsentSolicitation Document") NOTICE IS HEREBY GIVEN that, in accordance with the respective Conditions of theExisting Debentures (as modified pursuant to the relevant ExtraordinaryResolution(s)), all of the outstanding Existing Debentures will, subject tosatisfaction of the conditions set out in the respective Conditions, beredeemed, by the Company on 20 December 2006 (the Settlement Date) at theExisting Debenture Price. On such redemption the Proposals will be implemented.Delivery and payment of, as applicable, Amortising 2035 Debentures, anyAdditional Cash Settlement Amount, any cash redemption payment, and the EarlySubmission Fee will be settled on the terms set out in the Consent SolicitationDocument. Capitalised terms used in this Notice but not otherwise defined have the samemeanings as given to them in or pursuant to the Consent Solicitation Document. This Notice is given by The British Land Company PLC. Enquiries: The British Land Company PLCGraham Roberts, Finance Director Tel: +44 20 7467 2948Peter Clarke, Executive Officer Tel: +44 20 7467 2886 The Royal Bank of ScotlandAndrew Burton, Head of Liability Management Tel: +44 20 7085 8056Robert St. John, Managing Director Tel: +44 20 7085 3205Gianmarco Deiana Tel: +44 20 7085 3781 UNDER NO CIRCUMSTANCES SHALL THIS NOTICE CONSTITUTE AN OFFER TO SELL OR THESOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR SECURITIES. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
British Land