Audley Funding Plc Company AnnouncementSource: RNS
Audley Funding Plc company announcement
Audley Funding Plc 2016-CI1 ISIN - GB00BYWLR290 10 year 6% (the "Notes")
Audley Funding Plc 2016-CI1 ISIN - GB00BYWLQZ51 10 year 6% (the "Notes")
Audley Funding Plc 2016-CI1 ISIN - GB00BYWLR183 10 year 6% (the "Notes")
Audley Funding Plc (the "Issuer") announces that interest payments due on the Notes on 15 May 2019 and 15 November 2019 were not made due to a shortfall in the payment of amounts due to the Issuer by The Resort Group PLC ("TRG").
The Trustee has been informed and will convene a meeting of noteholders, seeking further instructions. Noteholders will be notified in due course.
The Issuer will provide a further update by 15 May 2020.
The Notes are listed on the Frankfurt Stock Exchange, Euronext Dublin.
Capitalised terms used but not defined herein have the meaning given to them in the terms and conditions of the Notes as set out in the Pricing Supplement dated 15 November 2016 relating to the Notes.
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