1st Aug 2005 12:00
Wolverhampton& Dudley Breweries PLC01 August 2005 1 August 2005 THE WOLVERHAMPTON & DUDLEY BREWERIES, PLC Debt Refinancing Further to its announcement of 8th July 2005, The Wolverhampton & DudleyBreweries, PLC ("W&DB", and together with its subsidiaries the "W&DB Group" or "the Group") announces that the holders of each of the Group's six series ofexisting debenture stocks (the "Existing Debenture Stockholders") have todaypassed extraordinary resolutions approving the Group's proposals in respect ofeach series of debenture stocks as contained in the consent solicitationdocument posted to Existing Debenture Stockholders on 8th and 14th July 2005. As a consequence of the extraordinary resolutions, the size of thesecuritisation is expected to be £805m. The pricing date for the four classesof notes (Class A1 Notes, Class A2 Notes, Class A3 Notes and Class B Notes) tobe issued under the Group's proposed securitisation is expected to be 4th August2005. Following pricing of the securitisation notes, W&DB, Mansfield Brewery Limitedand Burtonwood Group Limited expect to issue Notices of Redemption on 4th August2005 pursuant to the conditions of each series of debenture stocks (as amendedby the terms of the extraordinary resolutions passed today). It is expectedthat the settlement date for the redemptions of each of the six series ofdebenture stock will be 9th August 2005. Contact details The Wolverhampton & Dudley Breweries, PLC Ralph Findlay, Chief Executive 01902 329 [email protected] Paul Inglett, Finance Director 01902 329 [email protected] The Royal Bank of Scotland plc (Debenture Solicitation Agent and New IssueArranger) All questions from bondholders should be directed to The Royal Bank of Scotlandplc. Andrew Burton 020 7085 [email protected] Malcolm Jackson 020 7085 [email protected] gcg hudson sandler (PR Adviser to W&DB) Andrew Hayes 020 7796 [email protected] Nick Lyon 020 7796 [email protected] Important Notice The contents of this press release have been prepared by and are the soleresponsibility of the W&DB Group. This press release does not constitute anoffer to sell or the solicitation of an offer to buy securities of W&DB,Mansfield Brewery Limited, Burtonwood Group Limited or W&DB Issuer PLC. Nothingin this press release constitutes advice on the merits of buying or selling aparticular investment or exercising any right conferred by the securitiesdescribed. Any investment decision as to any purchase of securities referred toherein must be made solely on the basis of information contained in the finalform of the Offering Circular and no reliance may be placed on the completenessor accuracy of the information contained in this press release. Securities are not suitable for everyone. The value of securities can go down aswell as up. You should not deal in securities unless you understand their natureand the extent of your exposure to risk. You should be satisfied that they aresuitable for you in the light of your circumstances and financial position. Ifyou are in any doubt you should consult an appropriately qualified financialadvisor. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Marstons