Ludgate will hold meetings for benchmark transition

Chicago, Aug. 30 – Ludgate Funding plc announced separate instrument holder meetings aimed at holders of its mortgage-backed floating-rate notes in notices on Tuesday.

Meetings will be held on Sept. 21 starting at 5 a.m. ET for notes due 2060. The meetings relate to the £193.75 million class A2a Notes, the €61 million A2b Notes, the £6 million class Ba Notes, the €9 million class Bb Notes, the €1.3 million class C Notes, the €7.1 million class D Notes and the £2.25 million class E Notes together with £375 million of residual certificates.

Meetings will be held on Sept. 21 starting at 9 a.m. ET for notes due 2061. The meetings relate to the £166.5 million class A2a Notes, €70 million class A2b Notes, £28 million class Ma Notes, €12.5 million class Mb Notes, €21.7 million class Bb Notes, €13 million class Cb Notes, £5 million class Da Notes, €5 million class Db Notes and £4.85 million class E together with the £415 million residual certificates.

Meetings will be held on Sept. 22 starting at 5 a.m. ET for notes due 2061. The meetings relate to the £308 million class A1 Notes, €54.6 million class A2b Notes, €29.1 million class Bb Notes, €19 million class Cb Notes, £8 million class D Notes and £5 million class E Notes and the £400 million residual certificates.

D.F. King & Co., Inc is the information and tender agent for the offer (+44 207 920 9700, nl@dfking.com, https://sites.dfkingltd.com/LudgateFunding).

Ludgate wants to change the benchmark rate for the sterling notes in the series to Sonia from Libor.

Ludgate is based in London.

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