Covkid1968#
Well-Known Member
That Debbie is pure filth
That Debbie is pure filthTaken from Facebook bondholder group. FYI I’m not a bond holder, merely an interested party.
“Received this email this morning from Redmayne Bentley, who are my brokers in this matter.
Dear Mr XXX
Re: Wasps Finance Plc – Final Redemption (Update)
Further to our previous letter dated 5th July 2022 with regard to your holding of 6.5% bonds due 13th May 2022 (bonds) in Wasps Finance Plc (Wasps), we are writing to inform you of a further update to the refinancing and redemption of the bonds.
Wasps made an announcement on 2nd September 2022 confirming that it has received an offer which would see the bonds fully redeemed on completion of this refinancing. Discussions with this lender are at an advanced stage.
Wasps remains in discussions with the UK Listing Authority in relation to the re-listing and subsequent re-admission of the bonds to the London Stock Exchange however there is no guarantee that this process will be concluded before the completion of this proposed refinancing.
As you hold £***** nominal of bonds, we can confirm that you are due to receive £*****. The cash proceeds will be allocated to your account upon receipt. We will send a confirmation letter in due course once the cash proceeds have been credited to your account. If the redemption of the bonds is further delayed or any new information becomes available, then we will write to you to advise.
In parallel with these discussions, Wasps is proceeding with developing the proposed bond terms to be amended as part of any consent solicitation memorandum, should these refinancing discussions not complete.
If you require any further information, please contact the Dealing Room on ***********.
Yours sincerely,
Debbie Rimmer
Head of Asset Services & Settlements”
Or discussions are not happening and never have , they're just hoping they doBasically saying that refinancing discussions continue. Hardly an update
Taken from Facebook bondholder group. FYI I’m not a bond holder, merely an interested party.
“Received this email this morning from Redmayne Bentley, who are my brokers in this matter.
Dear Mr XXX
Re: Wasps Finance Plc – Final Redemption (Update)
Further to our previous letter dated 5th July 2022 with regard to your holding of 6.5% bonds due 13th May 2022 (bonds) in Wasps Finance Plc (Wasps), we are writing to inform you of a further update to the refinancing and redemption of the bonds.
Wasps made an announcement on 2nd September 2022 confirming that it has received an offer which would see the bonds fully redeemed on completion of this refinancing. Discussions with this lender are at an advanced stage.
Wasps remains in discussions with the UK Listing Authority in relation to the re-listing and subsequent re-admission of the bonds to the London Stock Exchange however there is no guarantee that this process will be concluded before the completion of this proposed refinancing.
As you hold £***** nominal of bonds, we can confirm that you are due to receive £*****. The cash proceeds will be allocated to your account upon receipt. We will send a confirmation letter in due course once the cash proceeds have been credited to your account. If the redemption of the bonds is further delayed or any new information becomes available, then we will write to you to advise.
In parallel with these discussions, Wasps is proceeding with developing the proposed bond terms to be amended as part of any consent solicitation memorandum, should these refinancing discussions not complete.
If you require any further information, please contact the Dealing Room on ***********.
Yours sincerely,
Debbie Rimmer
Head of Asset Services & Settlements”
That Debbie is pure filth
That Debbie is pure filth
Well she did do Dallas!That Debbie is pure filth
It’s the broker taking 2 weeks to inform their clients, which is pretty poor. No wonder many of them knew nothing about the consent solicitation from October 20Unless I've misread it, that's the broker basically saying that there's been nothing from Wasps since 2nd September. I could have told them that, and I bet I'd charge less than the broker too.
Wasps are desperate to stall any action from the bondholders because they know that would be the beginning of the end. They've been in "advanced discussions" before, as I recall...
With trustees. It is the trustees who have ordered the review of the security.Wonder if they've pursued it with or without the office of the Trustees ?
When/ where do they publish attendance figures?
I think there is more people on the pitch…Taken from Twitter -
To be fair both the posted pics are during the warm up
That makes sense, then. There must’ve been 20,000 people still queueing to get in.To be fair both the posted pics are during the warm up
Yes, their fans on their forum are worried about a forthcoming relegation battle, they don't even know the format of the current system with no relegationAm I right in thinking that if they finish last, they don't get relegated? Thought there was some form of vote in the Premiership Rugby format?
Am I right in thinking that if they finish last, they don't get relegated? Thought there was some form of vote in the Premiership Rugby format?
Yes, and yes.Was this their season opener too?
i.e. when you would probably expect to see one of your biggest crowds of the season?
Was this their season opener too?
i.e. when you would probably expect to see one of your biggest crowds of the season?
There was a page on their website after the CWG where anyone could put their email address in and get free tickets. Literally no requirement other than having an email address.A January bottom of the table clash would halve this number, I bet. They are now competing with Cov Rugby for attendances and I reckon there are still plenty of complementary Wasps tickets going around so Cov probably have more paying punters.
Moving back to London makes zero economic sense - it’s never going to happen
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