Notice of Exchange
20 Dezembro 2005 - 7:01AM
UK Regulatory
RNS Number:9336V
South Staffordshire Water PLC
20 December 2005
SOUTH STAFFORDSHIRE WATER PLC
(the Issuer)
(Incorporated in England and Wales
under the Companies Act 1985 and 1989 with registered number 2662742)
NOTICE OF EXCHANGE
to the holders of those of the
#85,000,000 3.75 per cent. Retail Price Index-Linked Bonds due 2025
of the Issuer
presently outstanding
(the "Bondholders" and the "Bonds" respectively)
NOTICE IS HEREBY GIVEN to the holders of the above Bonds that pursuant to Clause
5(a) of the terms and conditions of the Bonds as amended following the meeting
of the Bondholders held on 12 December 2005, the Issuer intends to exchange all
of the outstanding Bonds at the Exchange Price on 20 December, 2005, subject
only to the satisfaction of the Exchange Conditions. Bondholders should consult
the Consent Solicitation Document dated 18 November 2005 for specific details on
the Exchange Conditions and terms used in the Consent Solicitation Document
shall have the same meaning where used herein.
The Exchange Price will be delivered on 20 December, 2005 in the form of new
bonds issued by Artesian Finance III plc (the "New Bonds") to Eligible Holders
or paid in cash to Ineligible Holders as provided in the Consent Solicitation
Document. The Exchange Ratio which will be used for the determination of the
number of New Bonds that may be delivered in exchange for the Bonds is 0.9121.
This Notice is given by
South Staffordshire Water Plc
Green Lane
Walsall WS2 7PD
Dated 19 December, 2005.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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