10/07/2014
Dignity Finance PLC Notice of meeting of Class A Noteholders
On 18 June 2014 Dignity plc announced that its subsidiary, Dignity Finance PLC had issued a notice of meeting of the holders of the Class A Notes.
The purpose of the meeting was to seek approval, by Extraordinary Resolution of the holders of the Class A Notes, to waive certain technical defaults arising out of a technical drafting error in the Issuer/Borrower Loan Agreement ("IBLA") and to amend the drafting error in the IBLA.
At the meeting held earlier today the quorum required for the Extraordinary Resolution to be considered was not present. Accordingly, Dignity Finance PLC has given notice of an adjourned meeting ("Notice of Adjourned Meeting") pursuant to the provisions of the Trust Deed constituting the Notes. The Adjourned Meeting will be held on 25 July 2014.
A copy of the Notice of Adjourned Meeting is available on the Group's website www.dignityfunerals.co.uk/corporate/ and will be submitted to the National Storage Mechanism and will shortly be available for inspection at www.morningstar.co.uk/uk/NSM.
The adjournment is not unexpected and reduced quorum requirements apply for the Adjourned Meeting, details of which are set out in the Notice of Adjourned Meeting.
For further information please contact:
Mike McCollum, Chief Executive
Steve Whittern, Finance Director
Dignity plc +44 (0) 121 354 1557
Richard Oldworth
Sophie McNulty
Clare Akhurst
Buchanan +44 (0) 207 466 5000
www.buchanan.uk.com