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INTU PROPERTIES PLC - Appointment of Administrators

Release Date: 30/06/2020 13:00
Code(s): ITU     PDF:  
Wrap Text
Appointment of Administrators

(Registration number UK3685527)
ISIN Code: GB0006834344
JSE Code:     ITU

intu properties plc (in administration) (“PLC”)

Intu (Jersey) 2 Ltd (the “Company”)
Provider: Ogier Corporate Finance Ltd

30 June 2020

intu (Jersey) 2 Limited has noted the announcement on 26 June 2020 that administrators
have been appointed in relation to intu properties plc and that trading in PLC shares has
been suspended. The Company is considering the consequences of this development
further and will be making further announcements as appropriate. Investors in the
Company’s Guaranteed Convertible Bonds due 2022 (the “Convertible Bonds”) should
note that the Company’s ability to make future payments in relation to the Convertible Bonds
is likely to depend on its ability to recover amounts due under intercompany loans made by
the Company to PLC and/or other intu group entities in administration.


Susan Marsden

Company Secretary

+44 (0)207 960 1200

JSE   Sponsor:

Merrill Lynch South Africa (Pty) Limited

Date: 30-06-2020 01:00:00
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