Stock WASPS FINANCE PLC 6.5% GTD 13/05/2022 GBP
Event Type Mandatory Redemption
Description Partial Redemption
Percentage of bonds redeemed: approximately 38.34%
Redemption price: GBP0.383439548724 per redeemed bond
Redemption date: 2nd May 2023
Pay date: Upon receipt
FRP Advisory, acting as Administrator for Wasps Holdings Limited, Arena Coventry Limited, and Arena Coventry (2006) Limited, has announced the partial redemption of approximately 38.34% of the Wasps Finance plc 6.5% 13 May 2022 bonds in issue, at a price of GBP0.383439548724 per bond. The redemption date is 2nd May 2023. Cash proceeds will be issued to entitled shareholders upon receipt from the Depository.
This money is an initial payment relating to the sale of leasehold interests in the Coventry Arena related to Arena Coventry Limited, and Arena Coventry (2006) Limited. The Administrator has indicated that a further final distribution in relation to this is expected to be made in due course, although no rate or payment date has been announced. Any returns to bondholders in relation to Wasps Holdings Limited will also be announced and paid in due course although at present there are no further details available.