Bowbell No. 1 Plc - Notice of Extraordinary Resolution
Press Release Source: CNF 15:29, Wednesday 4 May 2011
FOR IMMEDIATE RELEASE
BOWBELL NO.1 PLC
7th Floor, Phoenix House, 18 King William Street, London EC4N 7HE
(a company incorporated in England and Wales with limited liability (registered number registered number 7254777)
NOTICE OF EXTRAORDINARY RESOLUTION
£5,738,000,000 Class A Mortgage Backed Floating Rate Notes due 2059
(ISIN XS0552792094)
(the "Notes")
Terms used herein and not otherwise defined shall have the meanings given to them in the Prospectus dated 28 October 2010.
Notice is hereby given that, on 27 April 2011, the GIC Account was transferred from The Governor and Company of the Bank of Ireland (Irish: BIR.IR - news) to Société Générale, London Branch (as "New GIC Provider") and that a new collateral account (the "Collateral Account") was established with Société Générale, London Branch (as "Collateral Account Bank").
This transfer was effected pursuant to a master deed amendment and restatement deed (the "Master Amendment and Restatement Deed") dated 27 April 2011, between, among others, The Governor and Company of the Bank of Ireland, Bank of Ireland (UK) PLC, Citicorp Trustee Company Limited (the "Trustee"), the Issuer and Société Générale, London Branch.
Pursuant to the Master Amendment and Restatement Deed, amendments were made to certain Transaction Documents, including the Cash Management Agreement, the Master Definitions Schedule, the Trust Deed and the Terms and Conditions of the Notes.
Further, on 27 April 2011, the Issuer and the Trustee (among others) entered into a supplemental deed of charge, granting security over, among other things, the new GIC Account and Collateral Account Bank (the "Supplemental Deed of Charge"), and a deed of partial release (the "Deed of Partial Release") in order to release the security granted over the original GIC Account.
The Trustee entered into the Master Amendment and Restatement Deed, the Supplemental Deed of Charge and the Deed of Partial Release pursuant to an extraordinary resolution of the Noteholders, approved on 27 April 2011.
For further information, please contact the Issuer on:
Telephone: +44 (0) 20 7800 4100
Fax: +44 (0) 20 7800 4180
Email: spvservices@capitafiduciary.co.uk
BOWBELL NO.1 PLC
4 May 2011
http://uk.finance.yahoo.com/news/...-2501877048.html?x=0&.v=1