Business
Excluded Entity Designation Notice
Excluded Entity Designation Notice.
About this update from Grainger Plc
[{"type":"text","content":"\n \nRNS Number : 0572U Grainger PLC 26 March 2019 \n\nGRAINGER PLC\nEXCLUDED ENTITY DESIGNATION NOTICE TO THE HOLDERS OF\n£350,000,000 3.375 per cent. Guaranteed Secured Notes due 2028 (ISIN: XS1790055229; Common Code: 179005522) (the Notes)\nDated: 26 MARCH 2019\n1. This Excluded Entity Designation Notice is delivered to you in accordance with Condition 3.6 (Excluded Entities) and Condition 14 (Notices) of the Terms and Conditions of the Notes in Definitive Form (the Terms and Conditions) as set out in Schedule 4 of the trust deed dated 24 April 2018 (and as further amended or supplemented from time to time, the Trust Deed) and made between Grainger plc (the Issuer), the various subsidiaries of Grainger plc named therein as guarantors (the Guarantors) and HSBC Corporate Trustee Company (UK) Limited (the Trustee).\n2. Terms defined in the Trust Deed shall have the same meaning in this Excluded Entity Designation Notice unless given a different meaning in this Excluded Entity Designation Notice.\n3. Pursuant to Condition 3.6 (Excluded Entities) and Condition 14 (Notices) of the Terms and Conditions, the Issuer hereby notifies the Noteholders of the designation of each of the following entities as an Excluded Entity:\n\n\n\n\nName of Relevant Entity\n\n\n\n\nGRAINGER TRUST LIMITED\n\n\n\n\n \n4. The Issuer has given written notice to the Trustee of such designation on 22 March 2019 and received notice of confirmation from the Trustee on 26 March 2019, at which point each of the entities referenced in 3 above was automatically designated an Excluded Entity. \n5. A copy of this Excluded Entity Designation Notice is being sent to all holders of record of the Notes.\n6. Questions regarding this Excluded Entity Designation Notice should be directed to the Company at:\nGrainger plc\nCitygate\nSt James' Boulevard\nNewcastle upon Tyne\nNE1 4JE\nFor the attention of: Mark Whitehead\nThis Excluded Entity ...