Business
Consent Solicitation Fee
Consent Solicitation Fee.
About this update from Fuller, Smith & Turner P.l.c. Class A
[{"type":"text","content":"\n \n\n\nFuller, Smith & Turner PLC (FSTA)\n\n\n\nFuller, Smith & Turner PLC: Consent Solicitation Fee03-Jun-2021 / 07:00 GMT/BSTDissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.The issuer is solely responsible for the content of this announcement.\n\n\n \n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"EUWA\").\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS DOCUMENT. NOTHING IN THIS ANNOUNCEMENT CONSTITUTES OR CONTEMPLATES AN OFFER OF, AN OFFER TO PURCHASE OR THE SOLICITATION OF AN OFFER TO SELL SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION.\n\nFULLER, SMITH & TURNER PLC ANNOUNCES FEE FOR CONSENT SOLICITATION\n\n \n\n3 June 2021\n\nOverview\n\nFuller, Smith & Turner PLC (the Company) announced on 14 May 2021 a consent solicitation (the Consent Solicitation) in respect of the £6,000,000 10.70 per cent. First Mortgage Debenture Stock due 2023 (the 2023 Stock) and the £20,000,000 6.875 per cent. Debenture Stock due 2028 (the 2028 Stock, and together with the 2023 Stock, the Stock). \n\nThe Consent Solicitation has been launched in order to seek the approval of the holders of the Stock (the Stockholders) (by way of Extraordinary Resolutions) to waivers and an amendment in respect of the Trust Deeds to which the Company is a party, as described further in the announcement of the Company dated 14 May 2021 and the Solicitation Memoranda dated 14 May 2021 (the Solicitation Memoranda).\n\nCapitalised terms used in this announcement (the Announcement) and not defined herein shall have the meanings ascribed to them in the Solicitation Memoranda.\n\nAmendment of terms of Consent Solicitation - consent fee\n\nThe Company has decided to amend the terms of the Consent Solicitation by agreeing to offer a fee to all Eligible Stockholders in the amount of 0.15% of the principal amount of the Stock, if the Extraordinary Resolution is passed (the Consent Fee).\n\nThe Consent Fee will be paid by the...