RNS Number:2485P
ELM BV
03 March 2008
ELM B.V. (the "Issuer")
Prins Bernhardplein 200,
1097 JB Amsterdam,
The Netherlands
ANNOUNCEMENT
For immediate release
Series 48
EUR 22,500,000 Leveraged Asset Backed Securities due 2056 (the "Notes")
(ISIN: XS0256345199)
3 March 2008
The issuer wishes to announce that pursuant to a Supplemental Constituting
Instrument dated 3 March 2008 the Terms of the Notes have been amended so that:
(A) item 2(vi)(i) is replaced with the following wording:
"(i) the nominal amount of any Reference Securities comprised in the
Reference Portfolio is decreased as a result of amortisation and/or redemption
(the decreased portion of such Reference Securities the "Amortised Reference
Securities"), provided that if such amortisation and/or redemption occurs prior
to the initial Call Valuation Date the R&P Agent gives a Proposed Replenishment
Notice specifying Replenishment Assets to replace the Amortised Reference
Securities and the R&P Agent does not receive the consent or deemed consent of
the holders of at least 50 per cent. of the principal amount of the Notes for
the time being outstanding, to the addition of such Replenishment Assets to the
Reference Portfolio to replace the Amortised Reference Securities; or";
(B) the second paragraph of item 2(vi)(ii) is replaced with the
following wording:
"then with effect from the date of the occurrence of the relevant decrease of
the nominal amount of any Reference Securities or, where relevant, the
Replenishment Consent Date specified in the Proposed Replenishment Notice (in
the case of (i) above) or the applicable Call Valuation Date (in the case of
(ii) above) (in all cases the "Spread Adjustment Date") the Spread shall be
adjusted to a percentage per annum determined by the Calculation Agent in
accordance with the formula:"; and
(C) the final paragraph of the section entitled "Reference Portfolio
Replenishments" under item 3 is replaced with the following wording:
"If the Proposing Party does not receive the consent or deemed consent of the
Consenting Party to the addition of Replenishment Assets to the Reference
Portfolio specified in any Proposed Replenishment Notice, such Replenishment
Assets shall not be added to the Reference Portfolio and, if the Consenting
Party is the Noteholders of at least 50 per cent. of the principal amount of the
Notes for the time being outstanding, the Spread shall be adjusted in accordance
with paragraph 2(vi) of these Terms.".
Capitalised terms used in this notice but not defined herein shall have the
meanings given to them with respect to each Series in the related Series
Documents.
For further information, please contact:
Arthur Cox Listing Services Limited
Earlsfort Centre
Earlsfort Terrace
Dublin 2
Ireland
Attn: Kate Boyle
Telephone No: +353 1 618 1108
ELM B.V. (the "Issuer")
Prins Bernhardplein 200,
1097 JB Amsterdam,
The Netherlands
ANNOUNCEMENT
For immediate release
Series 79
EUR 22,500,000 Leveraged Asset Backed Securities due 2026 (the "Notes")
(ISIN: XS0259538600)
3 March 2008
The issuer wishes to announce that pursuant to a Supplemental Constituting
Instrument dated 3 March 2008 the Terms of the Notes have been amended so that:
(D) item 2(vi)(A)(i) is replaced with the following wording:
"(i) the nominal amount of any Reference Securities comprised in the
Reference Portfolio is decreased as a result of redemption in whole or in part
(the decreased portion of such Reference Securities the "Amortised Reference
Securities"), provided that if such redemption occurs prior to the initial Call
Valuation Date, the holders of at least 50 per cent. of the principal amount of
the Notes for the time being outstanding have not consented to the addition to
the Reference Portfolio of the Replenishment Assets proposed in a Portfolio
Replenishment Notice to replace the Amortised Reference Securities in accordance
with provisions set out under "Noteholders Right to Refusal" below; or"; and
(E) the first paragraph of item 2(vi)(A)(iii)(iii.a) is replaced with
the following wording:
"in the case of (i) above, with effect from the date of the occurrence of the
relevant decrease of the nominal amount of any Reference Securities or, where
relevant, the relevant Initial Portfolio Replenishment Notice Date (as defined
below) (the "Spread Adjustment Date") the Spread shall be adjusted to a
percentage per annum determined by the Calculation Agent in accordance with the
formula:".
Capitalised terms used in this notice but not defined herein shall have the
meanings given to them with respect to each Series in the related Series
Documents.
For further information, please contact:
Arthur Cox Listing Services Limited
Earlsfort Centre
Earlsfort Terrace
Dublin 2
Ireland
Attn: Kate Boyle
Telephone No: +353 1 618 1108
ELM B.V. (the "Issuer")
Prins Bernhardplein 200,
1097 JB Amsterdam,
The Netherlands
ANNOUNCEMENT
For immediate release
Series 102
EUR 50,000,000 Variable Coupon Leveraged Asset Backed Securities due 2027 (the "
Notes")
(ISIN: XS0290097087)
3 March 2008
The issuer wishes to announce that pursuant to a Supplemental Constituting
Instrument dated 3 March 2008 the Terms of the Notes have been amended so that:
(F) item 2 (vi)(A)(i) is replaced with the following wording:
"(i) the nominal amount of any Reference Securities comprised in the
Reference Portfolio is decreased as a result of redemption in whole or in part
(the decreased portion of such Reference Securities the "Amortised Reference
Securities"), provided that if such redemption occurs prior to the initial Call
Valuation Date, the holders of at least 50 per cent. of the principal amount of
the Notes for the time being outstanding have not consented to the addition to
the Reference Portfolio of the Replenishment Assets proposed in a Portfolio
Replenishment Notice to replace the Amortised Reference Securities in accordance
with provisions set out under "Noteholders Right to Refusal" below; or"; and
(G) the first paragraph of item 2(vi)(a)(iii)(iii.a)is replaced with
the following wording:
"in the case of (i) above, with effect from the date of the occurrence of the
relevant decrease of the nominal amount of any Reference Securities or, where
relevant, the relevant Initial Portfolio Replenishment Notice Date (as defined
below) (the "Spread Adjustment Date") the Spread shall be adjusted to a
percentage per annum determined by the Calculation Agent in accordance with the
formula:".
Capitalised terms used in this notice but not defined herein shall have the
meanings given to them with respect to each Series in the related Series
Documents.
For further information, please contact:
Arthur Cox Listing Services Limited
Earlsfort Centre
Earlsfort Terrace
Dublin 2
Ireland
Attn: Kate Boyle
Telephone No: +353 1 618 1108
This announcement has been issued through the Companies Announcement Service of
The Irish Stock Exchange
This information is provided by RNS
The company news service from the London Stock Exchange
END
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