Last checked at 13 Dec 2010 07:00
13 December 2010
TAYLOR WIMPEY PLC(incorporated with limited liability in England and Wales with registration number 00296805)(the "Issuer")
NOTICE TO THE HOLDERS OF £200,000,000 VARIABLE RATE BONDS DUE 2019 (ISIN: XS0193226965) (THE "BONDS")
Voluntary redemption payments to be made to the holders ofthe Bonds (the "Bondholders")
All capitalised terms used in this notice have the meanings applicable to them in the Supplemental Trust Deed dated 30 April 2009 in respect of the Bonds (the "STD"), except where otherwise defined.
Further to the notice given by the Issuer to the Bondholders on 7 December 2010 (the "First Redemption Notice"), the Issuer hereby gives notice that, in accordance with Condition 7(2) of the terms and conditions applicable to the Bonds (as set out in the STD), payments of £200,754,360 in aggregate will be made to the Bondholders. Each Bondholder will be entitled to receive, for each £1,000 in original nominal amount of the Bonds held by such Bondholder, the following amounts:
Voluntary Redemption Price (per £1,000 of original nominal amount) | £983.41276 |
Interest accrued in respect of the principal to be redeemed (per £1,000 of original nominal amount) | £13.2414917 |
Capitalised amounts (per £1,000 of original nominal amount) | £7.11755 |
In accordance with the advice received from the financial advisor approved by the Trustee, the Voluntary Redemption Price was calculated using 4.5 per cent. Treasury Stock 2019. Following the voluntary redemption payments referred to above no amount of principal will remain outstanding.
Entitlements in respect of £1,000 in principal amount of Bonds will be rounded downwards, if necessary, to the nearest penny.
In accordance with Condition 7(17) of the terms and conditions applicable to the Bonds, interest in respect of the principal to be redeemed shall accrue to but excluding 14 December 2010 (being the date upon which the Restructuring Agent will receive the payments in respect of the principal to be redeemed, on account of the Bondholders, prior to such payments in turn being made to the Bondholders).
This notice is given by:
Taylor Wimpey plc(Company number 00296805)80 New Bond StreetLondon, W1S 1SB
13 December 2010
For further information please contact:
Taylor Wimpey plc Tel: +44 (0) 7816 517 039
Pete Redfern, Group Chief ExecutiveRyan Mangold, Group Finance DirectorJonathan Drake, Investor Relations
Finsbury Tel: +44 (0) 20 7251 3801
Faeth BirchAndrew Dowler