Redcastle PLC - Redemption of Bonds
01 July 1997 - 5:33PM
UK Regulatory
RNS No 7285n
REDCASTLE PLC
1st July 1997
REDEMPTION OF ZERO COUPON SECURED BONDS 1997 OF REDCASTLE PLC,
A WHOLLY OWNED SUBSIDIARY OF THE BURTON GROUP PLC
It is hereby announced that pursuant to the terms of the Trust
Deed constituting #100,000,000 Zero Coupon Secured Bonds 1997
(the "Bonds") dated 30th June 1992 between Redcastle plc (the
"Company") and The Law Debenture Trust Corporation p.l.c., all
Bonds were redeemed yesterday at their principal amount in
accordance with Condition 5(A) of the terms and conditions of
the Bonds. Pursuant to the terms of the Trust Deed and
related documents, the sum of #100,000,000, being a proportion
of the proceeds of sale of the Company's development
properties to Prudential Assurance Company Limited in May
1994, has been held on deposit pending its use for redemption
of the Bonds
Redcastle plc. Registered in England. Company No. 2355079
Registered Office: 214 Oxford Street London W1N 9DF
END