Saltaire Finance PLC Notice to Noteholders (6497X)
21 December 2023 - 11:18PM
UK Regulatory
TIDMSV78
RNS Number : 6497X
Saltaire Finance PLC
21 December 2023
Issuer : Saltaire Finance plc
Date : 21 December 2023
Saltaire Finance PLC
(the "Issuer")
(incorporated with limited liability in England and Wales
with registration number 12967182)
Expansion of the Affordable Homes Guarantee Scheme ("AHGS")
This announcement is released by Saltaire Finance plc and
contains inside information for the purposes of Article 7 of the
Market Abuse Regulation (EU) 596/2014 (as it forms part of domestic
UK law pursuant to the European Union (Withdrawal) Act 2018) (UK
MAR). For the purposes of UK MAR and Article 2 of the Commission
Implementing Regulation (EU) 2016/1055 (as it forms part of
domestic UK law pursuant to the European Union (Withdrawal) Act
2018), this announcement is made by 21 December 2023 on behalf of
Intertrust Directors 1 Limited as Director of Saltaire Finance plc
.
Amended and restated concessionaire agreement
The Issuer is pleased to announce today the entry by Saltaire
Housing Ltd, as the Concessionaire (as defined in the Programme
Memorandum (as defined below)), and the Secretary of State for
Housing, Communities and Local Government (the " Guarantor ") into
a concession agreement originally dated 16 October 2020 as amended
and restated by an amendment and restatement agreement dated on or
around the date of this announcement (the " ACA ").
As part of the amendments to the AHGS and pursuant to the ACA,
the range of delivery undertakings which may be eligible for
funding will be broadened and the current rules of the scheme will
be modified. In addition, the Guarantor has agreed to issue further
debt capital guarantees in an aggregate principal amount not
exceeding GBP6 billion. Saltaire Housing Ltd will continue to
manage and deliver the AHGS as amended.
Bond programme
The Issuer notes that any consequential amendments to its
GBP3,000,000,000 guaranteed secured bond programme, the subject of
a programme memorandum issued by the Issuer on 9 June 2021 (the
"Programme Memorandum"), will be the subject of a separate
announcement to the extent required by applicable regulatory and
other disclosure obligations.
For further information, please contact Venn Partners LLP
(trading as ARA Venn).
Email: legal@ara-venn.com and operations@ara-venn.com
Tel: +44 (0)20 7073 9350
DISCLAIMER - INTENDED ADDRESSEES
This announcement does not constitute an offering of securities
and is not for distribution in the United States. The securities
described in the Programme Memorandum (the "Securities") have not
been, and will not be, registered under the U.S. Securities Act of
1933, as amended (the "Securities Act"), or under any relevant
securities laws of any state of the United States of America and
are subject to U.S. tax law requirements. Subject to certain
exceptions, the Securities may not be offered or sold directly or
indirectly within the United States or to, or for the account or
benefit of, U.S. persons or to persons within the United States of
America, as such terms are defined in Regulation S under the
Securities Act. Any forwarding, distribution or reproduction of the
Programme Memorandum in whole or in part is prohibited. Failure to
comply with this notice may result in a violation of the Securities
Act or the applicable laws of other jurisdictions. There will be no
public offering of the Securities in the United States.
Your right to access this service is conditional upon complying
with the above requirements. In particular, your accessing this
service will constitute your representation that you are not in the
United States and you are not a U.S. person within the meaning of
Regulation S under the Securities Act and the U.S. Internal Revenue
Code and regulations thereunder.
END
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END
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