21st Apr 2005 07:00
Northumbrian Water Group PLC21 April 2005 Northumbrian Water Limited (the "Company") - Redemption of the 3.75 per cent.Redeemable Debenture Stock 2012, the 4.25 per cent. Redeemable Debenture Stock2012 and the 5.25 per cent. Redeemable Debenture Stock 2012 (the "3.75 per cent.Redeemable Debenture Stock", the "4.25 per cent. Redeemable Debenture Stock" andthe "5.25 per cent. Redeemable Debenture Stock" and together the "RedeemableDebenture Stock") and repurchase of all of the 3.5 per cent. Perpetual DebentureStock and part of the outstanding 4 per cent. Perpetual Debenture Stock and 5per cent. Perpetual Debenture Stock (the "3.5 per cent. Perpetual DebentureStock", the "4 per cent. Perpetual Debenture Stock" and the "5 per cent.Perpetual Debenture Stock" and together the "Perpetual Debenture Stock") of theCompany and notice of intention to cancel the listing of any Perpetual DebentureStock not repurchased The Company hereby announces that pursuant to Condition 4 of the Conditions ofeach of the relevant Redeemable Debenture Stock, on 20 April 2005, the Companyredeemed all of the £250,000 3.75 per cent. Redeemable Debenture Stock, all ofthe £710,000 4.25 per cent. Redeemable Debenture Stock and all of the £704,5075.25 per cent. Redeemable Debenture Stock at par, together with interest accruedup to, but excluding, 20th April 2005. All Redeemable Debenture Stock soredeemed was cancelled on the date of redemption. The Company further announces that pursuant to an offer made to holders of thePerpetual Debenture Stock on 14 March 2005, on 20 April 2005, it repurchased allof the £200,000 in nominal amount outstanding of the 3.5 per cent. PerpetualDebenture Stock, £800,514 in nominal amount of the 4 per cent. PerpetualDebenture Stock and £1,056,388 in nominal amount of the 5 per cent. PerpetualDebenture Stock for cash consideration of, in each case, £1 in respect of each£1 in nominal amount of the relevant class of the Perpetual Debenture Stock plusaccrued interest to, but excluding, 20 April 2005. £16,426 in nominal amount ofthe 4 per cent. Perpetual Debenture Stock and £3,360 in nominal amount of the 5per cent. Perpetual Debenture Stock remain outstanding. Upon despatch to holdersof the relevant Perpetual Debenture Stock of their relevant share of theconsideration together with accrued interest as set out above, on 20 April 2004,the holding of the Perpetual Debenture Stock of such relevant holders wasreduced to zero in the register of the relevant Perpetual Debenture Stock heldat Computershare Investor Services PLC (the "Registrar") and the Registrarcancelled the certificate representing the repurchased Perpetual DebentureStock. It is further announced that the Company will today notify the UK ListingAuthority of (i) the redemption of all of the relevant Redeemable DebentureStock, (ii) the repurchase of the requisite amount of the Perpetual DebentureStock, as set out above and (iii) that it wishes to cancel the listing on theOfficial List of the outstanding 4 per cent. Perpetual Debenture Stock and 5 percent. Perpetual Debenture Stock with effect from 8 a.m. 23 May 2005, incompliance with the required minimum 20 business days' notice of intendedcancellation made through a Regulatory Information Service. In the meantime,trading in the outstanding 4 per cent. Perpetual Debenture Stock and 5 per cent.Perpetual Debenture Stock will continue on normal market basis until thecancellation of the listing. With effect from 23 May 2005, the listing of the 4per cent. Perpetual Debenture Stock and 5 per cent. Perpetual Debenture Stock onthe Official List and their trading on the London Stock Exchange plc's marketfor listed securities will be terminated. Northumbrian Water Limited (Incorporated and registered in England and Wales with registered number 2366703) Registered Office: Northumbria House, Abbey Road, Pity Me, Durham DH1 5FJ Dated: 21st April 2005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Natwest