Marston's PLC COVID-19 Update: Result Noteholder Consent Request (4522H)
03 December 2020 - 9:34PM
UK Regulatory
TIDMMARS
RNS Number : 4522H
Marston's PLC
03 December 2020
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014.
3 December 2020
MARSTON'S PLC
("Marston's" or "the Group")
COVID-19 Update re: Results of Noteholder Consent Request
As previously announced on 11 November 2020, Marston's Issuer
PLC (the "Issuer") formally asked the holders of its Secured Class
A Notes (the "Noteholders") for a limited number of further
technical waivers ("the Proposals") during the first half of 2021
as a precautionary measure following the renewed lockdown
restrictions introduced in Wales on 23 October, and in England on 5
November. The waivers being requested are required solely as a
consequence of the enforced temporary re-closure of its pubs in
England by the UK Government as a result of the COVID--19 pandemic
measures, together with the continued uncertainty with regard to
further potential lockdowns over the winter months.
The meeting of the Noteholders took place at 10.00am today.
The Group is pleased to confirm that the Noteholders which were
present, or represented, at the meeting held 99.76 per cent of the
total amount outstanding of the Secured Class A Notes and 100 per
cent voted in favour of the Extraordinary Resolution regarding the
Proposals, thereby giving their consent to the technical waivers
and amendments requested by the Issuer.
As a result, the Issuer will now proceed with the implementation
of the Proposals.
ENQUIRIES:
Marston's PLC Tel: 01902 329516 Instinctif Partners
Ralph Findlay, Chief Executive Justine Warren Tel: 020 7457
Officer 2010
Andrew Andrea, Chief Financial Matthew Smallwood Tel: 020 7457
and 2005
Co rporat e Development
Officer
For the purposes of the Market Abuse Regulation (EU) 596/2014
and Article 2 of Commission Implementing Regulation (EU) 2016/1055,
this Announcement is made by Anne-Marie Brennan at Marston's
PLC.
NOTES TO EDITORS
-- Marston's is a leading pub operator.
-- It has an estate of 1,379 pubs situated nationally,
comprising managed, franchised and leased pubs
-- The Group also owns a 40% stake in a new brewing joint
venture with Carlsberg, the Carlsberg Marston's Brewing
Company.
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END
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