24th Mar 2005 09:37
City of Birmingham24 March 2005 NEC Finance plc today announced that, in conjunction with the Exchange OfferMemorandum issued today by Birmingham City Council (the "City") in relation toan offer to exchange approximately £215,000,000 in aggregate principal amount ofNotes due 2030 of the City for any and all outstanding (i) £100,000,00010 5/8 per cent. Debenture Stock due 2016 and (ii) £115,000,000 13 5/8per cent. Debenture Stock due 2016 each of NEC Finance plc (the "NEC DebentureStock"), they have notified the holders of NEC Debenture Stock (the "Stockholders") of a meeting of Stockholders to be held on 18 April 2005, inorder to approve a Stockholders' resolution accepting the exchange offer on theterms set out in the Exchange Offer Memorandum. UBS Investment Bank will managethe exchange. Contacts:UBS Investment Bank Rob RitchieTel: +44 207 567 3348 Carlo Las MariasTel: +44 207 568 3118 Tim LaceyTel +44 207 567 8940 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Nec Fin.7.5625%