http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=An

General Announcement::Redemption of 10 3/4 Per Cent. First Mortgage Debenture Stock 2014 Of GLH Hotels

Limited

Issuer & Securities

Issuer/ Manager GUOCOLEISURE LIMITED Securities GUOCOLEISURE LIMITED - BMG4210D1020 - B16 Stapled Security No


Announcement Details

Announcement Title General Announcement Date & Time of Broadcast 30-Dec-2014 17:05:10 Status New Announcement Sub Title Redemption of 10 3/4 Per Cent. First Mortgage Debenture Stock 2014 Of

GLH Hotels Limited

Announcement Reference SG141230OTHRVWTI Submitted By (Co./ Ind. Name) Susan Lim Designation Group Company Secretary

Description (Please provide a detailed description of the event in the box below)

Please refer to the attached.

Attachments

GLAnnc_Debenture_Redemption_Listing_Cancellation_30122014_FINAL.pdf

Total size =37K

Like 0



Tweet 0 0

ANNOUNCEMENT REDEMPTION OF 10¾ PER CENT. FIRST MORTGAGE DEBENTURE STOCK 2014 (SEDOL Code 0607401) OF GLH HOTELS LIMITED ("2014 DEBENTURE STOCK")

Further to the announcement dated 27 November 2014 by GuocoLeisure Limited
("Company"), the Board of Directors of the Company ("Board") wishes to announce that:
a. all the outstanding £138 million in principal amount of the 2014 Debenture Stock was redeemed, and all accrued interest was paid, on 20 December 2014, the maturity date of the 2014 Debenture Stock ("Redemption"); and
b. the 2014 Debenture Stock was removed from the Official List of the UK Listing Authority, and its trading on the Main Market of the London Stock Exchange ceased, on 29 December 2014.
The Board wishes to clarify that the final paragraph of the Company's 27 November 2014 announcement should have read:
"The application of funds made available under the Facilities Agreement towards satisfaction of the amounts due under the Redemption will result in interest savings of approximately US$7 million for the period 20 December 2014 to 30 June 2015 at current benchmark interest rates. Such savings may result in an increase in the earnings per share of the GuocoLeisure Group for the financial year ending 30 June 2015 ("FY2015"). The Facilities Agreement and the Redemption are not expected to have any material impact on the net tangible assets of the GuocoLeisure Group for FY2015."
By Order of the Board
SUSAN LIM
Group Company Secretary
30 December 2014

GuocoLeisure Limited

Registered Address: Canon's Court, 22 Victoria Street, Hamilton HM 12, Bermuda

Corporate Office: 20 Collyer Quay #18-05 Singapore 049319 Tel: (65) 64380002 Fax: (65) 64350040

distributed by