BOS (Shared Appreciation Mrtg) No 4 Direction from Trustee not to sell (1258P)
14 Outubro 2021 - 8:41AM
UK Regulatory
TIDM58LE
RNS Number : 1258P
BOS (Shared Appreciation Mrtg) No 4
14 October 2021
THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF
NOTEHOLDERS. IF NOTEHOLDERS ARE IN ANY DOUBT AS TO THE ACTION THEY
SHOULD TAKE THEY SHOULD IMMEDIATELY CONSULT THEIR OWN INDEPENDENT
PROFESSIONAL ADVISERS AUTHORISED UNDER THE FINANCIAL SERVICES AND
MARKETS ACT 2000, AS AMENDED (IF THEY ARE LOCATED IN THE UNITED
KINGDOM) OR OTHER APPROPRIATELY AUTHORISED INDEPENDENT PROFESSIONAL
ADVISERS (IF THEY ARE LOCATED OUTSIDE OF THE UNITED KINGDOM).
THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST
TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES. IF
APPLICABLE, ALL DEPOSITORIES, CUSTODIANS AND OTHER INTERMEDIARIES
RECEIVING THIS NOTICE ARE REQUIRED TO EXPEDITE TRANSMISSION HEREOF
TO BENEFICIAL OWNERS OF THE NOTES IN A TIMELY MANNER. IF BENEFICIAL
OWNERS OF THE NOTES ARE IN ANY DOUBT AS TO THE MATTERS REFERRED TO
IN THIS NOTICE, THEY SHOULD CONSULT THEIR STOCKBROKER, LAWYER,
ACCOUNTANT OR OTHER PROFESSIONAL ADVISER WITHOUT DELAY.
If you have recently sold or otherwise transferred your entire
holding(s) of Notes referred to below, you should immediately
forward this notice to the purchaser or transferee or to the
stockbroker, bank or other agent through whom the sale or transfer
was effected for transmission to the purchaser or transferee.
IMPORTANT NOTICE TO THE HOLDERS OF THE
GBP203,670,000 Asset Backed Floating Rate Notes due 2073
(the "Notes")
Issued by
BOS (Shared Appreciation Mortgages) No. 4 PLC
as the "Issuer"
on 14 October 2021
The Issuer refers to the trust deed dated 13 February 1998
constituting the Notes and containing the terms and conditions
applicable thereto (as the same may be amended, amended and
restated and/or supplemented from time to time) (the "Trust Deed").
Capitalised terms used but not otherwise defined in this notice
have the same meanings and constructions ascribed to them in the
Trust Deed (including by incorporation). By a notice dated 6
October 2021 (the "First October 2021 Notice"), the Issuer notified
Noteholders that, by an order of the Central London County Court
made on 5 October 2021, additional claimants have been added to the
proceedings referred to in the First October 2021 Notice. The order
of the Central London County Court had triggered undertakings given
by Bank of Scotland plc in the Mortgage Portfolio Agreement dated
10 February 1998 (as the same may be amended, amended and restated
and/or supplemented from time to time) to purchase 3 unredeemed
Mortgage Loans and their Related Security within the Issuer's
Mortgage Pool. According to the terms of the undertakings, unless
the Trustee agreed or required otherwise, the relevant Mortgage
Loans and their Related Security had to be purchased within 10 days
of receipt of written notice of the issue of proceedings (in this
case, the order of the Central London County Court).
The Issuer hereby notifies Noteholders that on 12 October the
Issuer was instructed by the Trustee, acting in accordance with the
Mortgage Portfolio Agreement, not to proceed with the proposed sale
of the relevant Mortgage Loans and their Related Security.
Accordingly, the Issuer will not sell the relevant Mortgage Loans
and their Related Security and the relevant Mortgage Loans and
their Related Security will remain within the Issuer's Mortgage
Pool.
This notice and any non-contractual obligations arising out of
or in connection with it are governed by English law and the
English courts are to have exclusive jurisdiction in respect of any
disputes arising from this notice.
All enquiries should be directed to:
Investor Relations
Douglas Radcliffe +44 (0) 20 7356 1571
Group Investor Relations Director
Lloyds Banking Group
Email: douglas.radcliffe@lloydsbanking.com
Corporate Affairs
Matt Smith +44(0)7788352487
Head of Media Relations
Lloyds Banking Group
Email: matt.smith@lloydsbanking.com
BOS (Shared Appreciation Mortgages) No. 4 PLC
Registered Address: Trinity Road, Halifax, HX1 2RG
ENDS
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END
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