26th Apr 2006 14:00
Stagecoach Transport Holdings PLC26 April 2006 STAGECOACH TRANSPORT HOLDINGS PLC 26 April 2006 SUBSTITUTION OF ISSUER IN RELATION TO US$ NOTES Stagecoach Transport Holdings plc ("Stagecoach Transport") and Stagecoach Groupplc ("Stagecoach Group") today announced the intention to enter into aSupplemental Indenture on or around April 27th with Deutsche Bank Trust CompanyAmericas as Trustee of the Stagecoach Transport Holdings plc 8 5/8% Notes Due2009 (the "Notes"). Following the execution of the Supplemental Indenture, Stagecoach Group andStagecoach Transport will be jointly and severally bound by the terms of theoriginal Indenture relating to the Notes. In addition to Stagecoach Groupbecoming co-obligor, the effect of the Supplemental Indenture will be tosubstitute Stagecoach Group as Issuer of the Notes for the purpose of admittingthe Notes to the Official List of the UK Listing Authority and the London StockExchange and the admission of the Notes to trading on the London StockExchange's Gilt Edged and Fixed Interest Market. The execution of the Supplemental Indenture, which has been carried out inaccordance with the terms of the US$ Notes, has no impact on the consolidatednet debt of the Stagecoach Group. Application has been made to the UK Listing Authority and to the London StockExchange, for the US$ Notes with Stagecoach Group plc as issuer to be admittedto the official list and to trading on the London Stock Exchange with effectfrom 28th April 2006. The relevant prospectus has been submitted to the UK Listing Authority and willbe shortly available for inspection at the Document Viewing Facility of theFinancial Services Authority, which is situated at : 25 Colonnade, Canary Wharf,London EH14 5HS. The purpose of this change of issuer for listing for listing purposes is toremove an administrative and cost burden on Stagecoach Transport. Contacts: Nicholas Guest, Stagecoach Group plc tel 01783 442 111Steven Stewart, Stagecoach Group plc tel 01738 442 111John Kiely, Smithfield Financial tel 020 7903 0667 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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