LONDON – MRG Finance UK plc has announced the successful passage of an extraordinary resolution by its note holders. The resolution pertains to the €50 million 8.75% notes due in 2026, under a £300 million Euro Medium Term Note Programme guaranteed by Sonel (WA:) Investments S.A.M., previously known as Monaco Resources Group S.A.M.
The adjourned meeting of the holders of the Series 1 Notes was convened on the morning of Tuesday and held at the offices of Norton Rose Fulbright LLP in London. The extraordinary resolution, as outlined in the notice dated November 27, 2024, was passed during this meeting.
The terms of the Trust Deed, dated June 25, 2018, between MRG Finance UK plc and U.S. Bank Trustees Limited, govern the Series 1 Notes. While the specific details of the resolution were not disclosed, the passing indicates agreement on key matters affecting the note holders.
This announcement was made in accordance with the regulations set by the Financial Conduct Authority in the United Kingdom (TADAWUL:). The information is considered reliable as it is sourced directly from a press release statement issued by MRG Finance UK plc, which is recognized by the London Stock Exchange (LON:)’s news service RNS as a Primary Information Provider.
Investors holding these notes should note the outcome of the meeting, as it could influence the terms and conditions under which the notes are held. However, the press release did not provide further details on the implications of the extraordinary resolution’s passage for the note holders or the broader market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
