Company Announcements

Series Fleet 2017-1 Early Redemption Notice

Source: RNS
RNS Number : 6757S
London Wall Mortgage Capital PLC
15 July 2022
 

NOTICE OF EARLY REDEMPTION

 

London Wall Mortgage Capital plc

(Registered in England and Wales under number 10001337)

(the Issuer)

 

Series Fleet 2017‑01 Class A Notes (ISIN XS1654186979)

Series Fleet 2017‑01 Class B Notes (ISIN XS1654194486)

Series Fleet 2017‑01 Class C Notes (ISIN XS1654195459)

Series Fleet 2017‑01 Class Z Notes (ISIN XS1654196184) (the Notes)

 

The Series Fleet 2017‑01 Class S Notes (ISIN XS1654201950) have already been fully redeemed.

 

Clause 1 (Standard Interpretation Provision) of the RMBS Framework Terms, Edition 1, dated 1 November 2016 and signed by or on behalf of Citibank, N.A., London Branch (as the Security Trustee) for the purposes of identification (as the same may be amended, varied or supplemented from time to time) in relation to the Issuer's residential mortgage backed securities programme shall apply to this notice as if set out in this paragraph and treating this notice as the Principal Document.

 

NOTICE IS HEREBY GIVEN to each Holder of a Note that:

 

(a) all of the outstanding Notes will be redeemed by the Issuer on 15 August 2022 (the Optional Redemption Date), pursuant to Base Condition 6.4 (Full redemption at the option of the Issuer) of the Note Conditions in respect of the Series Fleet 2017‑01 Notes;

 

(b) the Series Fleet 2017‑01 Notes will be redeemed at the Note Principal Amount Outstanding of each of the Series Fleet 2017‑01 Notes on the Optional Redemption Date plus all other accrued and unpaid liabilities in respect of each of the Series Fleet 2017‑01 Notes on the Optional Redemption Date (including all accrued interest outstanding);

 

(c) payment of principal and interest in respect of each Note will be made to the person shown as at the close of business on the relevant Series Note Register Record Date as the Holder of such Note in the Series Note Register in accordance with the payment details held as at the close of business on the Series Note Register Record Date by the Series Note Registrar in respect of such person; and

 

(d) the Issuer (as seller) has entered into a Series Portfolio Disposal Agreement dated 15 July 2022 with London Wall Capital Investments LLP (as purchaser) in accordance with Clause 12.1(a)(1) (Authorised disposals) of the Security Deed whereby, among other things, London Wall Capital Investments LLP has agreed to purchase the Series Portfolio in respect of Series Fleet 2017‑01 to allow a redemption of Notes by the Issuer pursuant to Base Condition 6.4 (Full redemption at the option of the Issuer) of the Note Conditions in respect of the Series Fleet 2017‑01 Notes.

 

London Wall Mortgage Capital plc

8th Floor

100 Bishopsgate

London EC2N 4AG

By: Citibank, N.A., London Branch

as Series Registrar

Dated 15 July 2022

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