Preferred Residential Securities 7 Redemption Notice (0221I)
17 March 2018 - 12:39AM
UK Regulatory
TIDM72UH
RNS Number : 0221I
Preferred Residential Securities 7
16 March 2018
REDEMPTION NOTICE
PREFERRED RESIDENTIAL SECURITIES 7 PLC
Notice to the holders of all outstanding
GBP206,400,000 CLASS A1 Mortgage Backed Floating Rate Notes due
2025
Issue Price: 100 per cent.
GBP309,600,000 CLASS A2 Mortgage Backed Floating Rate Notes due
2041
with Class A Detachable Coupons due 2006
Issue Price: 100 per cent. plus a premium
GBP40,500,000 CLASS B Mortgage Backed Floating Rate Notes due
2041
Issue Price: 100 per cent.
GBP37,500,000 CLASS C Mortgage Backed Floating Rate Notes due
2041
Issue Price: 100 per cent.
GBP6,000,000 CLASS D Mortgage Backed Floating Rate Notes due
2041
Issue Price: 100 per cent.
(together, the "Notes")
issued by Preferred Residential Securities 7 PLC (the
"Issuer")
The Issuer refers to its notice dated 13 February 2018 (the
"Issuer's Notice").
NOTICE IS HEREBY GIVEN to the Noteholders that in accordance
with the Issuer's notice to Noteholders of its intention to redeem
the Notes pursuant to Condition 5(d) (Mandatory Redemption), as set
out in the Issuer's Notice, the Issuer has redeemed the Notes in
full at their Principal Amount Outstanding including all accrued
but unpaid interest on 15 March 2018. Accordingly, the listing of
the Notes on the Official List of the FCA and the admission of the
Notes to trading on the Regulated Market of the London Stock
Exchange plc will be cancelled on, or shortly after, 16 March
2018.
Noteholders who have queries in relation to the above matters
should contact the Directors of Preferred Residential Securities 7
PLC c/o Wilmington Trust SP Services (London) Limited, Third Floor,
1 King's Arms Yard, London, EC2R 7AF; telephone number: +44 (0) 20
7397 3600, email: transactionteam@Wilmingtontrust.com; attn.: The
Directors for further information.
Defined terms used in this notice will have the meaning given to
them in the prospectus of the Issuer dated 31 December 2003.
16 March 2018
for and on behalf of
Preferred Residential Securities 7 PLC
This information is provided by RNS
The company news service from the London Stock Exchange
END
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