Mid South. Water - Re Water Srvcs Restructuring
09 Novembro 1998 - 10:00AM
UK Regulatory
RNS No 3923r
MID SOUTHERN WATER PLC
9th November 1998
MID SOUTHERN WATER PLC
SAUR WATER SERVICES RESTRUCTURING
The following letter has been sent today to the registered holders of the
following debenture stocks in issue by Mid Southern Water plc:
31/2% perpetual stock
4% perpetual stock
5% perpetual stock
51/2% perpetual stock
6% perpetual stock
Enquiries:
Mid Southern Water plc Willi Robertson 01323 411 411
European Capital Co. Ltd Maurice Hochschild 0171 600 3138
TEXT OF LETTER
Dear Sir
SAUR Water Services Group Restructuring
The Board of SAUR Water Services plc ("SWS") announced today its intention to
restructure its subsidiary companies.
SWS currently has five water operating company subsidiaries, namely Eastbourne
Water plc, Mid Southern Water plc, South East Water Limited, Mid-Sussex Water
plc and West Kent Water plc. The restructuring aims to transfer the assets
and liabilities of Eastbourne Water plc, Mid Southern Water plc, South East
Water Limited and West Kent Water plc into Mid-Sussex Water plc. This
transfer will be carried out in accordance with Schedule 2 of the Water
Industry Act 1991 ("WIA").
As part of this restructuring, the listed debenture stocks of Eastbourne Water
plc, Mid Southern Water plc and West Kent Water plc will be transferred to Mid-
Sussex Water plc. Mid-Sussex Water plc already has its own debenture stocks
in issue which are listed on the Stock Exchange.
Application, in accordance with the Stock Exchange Listing Rules, will be made
by Mid-Sussex Water plc for the transferred debenture stocks to be listed on
the Stock Exchange. This will necessitate Listing Particulars which will be
sent to you in due course.
FROM:
Dick Barnhoorn
Chairman
SAUR Water Services plc
END
MSCAILLALSLAIAT
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