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Landmark Mortgages Securities No. 2 - Update

17 MARCH 2023


Full announcements available via Euronext.


"Following the Meetings, the Liquidity Facility Provider requested that certain amendments be made to the Amended and Restated Liquidity Facility Agreement, as set in the Deed of Amendment and Restatement, prior to the entry by the Liquidity Facility Provider into the Amended and Restated Liquidity Facility Agreement.


The Liquidity Facility Provider requested an amendment be made so as to delete the definition of "Applicable Rate" in its entirety and replace the definition with:


""Applicable Rate" means, in relation to any outstanding Advances, the sum of the Note Compounded Daily SONIA plus 0.5193 per cent;".


(the "Amendment"),


in order that the Amended and Restated Liquidity Facility Agreement be amended so that the reference to "SONIA Reference Rate" in the definition of "Applicable Rate" be replaced with "Note Compounded Daily SONIA".

The Liquidity Facility Provider requested to the Issuer that the Amendment be made on the basis that the Amendment would:


a) bring into line the interest rate convention used for both the Notes and the Amended and Restated Liquidity Facility Agreement and avoid a cash flow mismatch within the securitisation structure; and


b) enable the Liquidity Facility Provider to determine what the Applicable Rate should be when making interest calculations under the Amended and Restated Liquidity Facility Agreement.


On the basis that the Amendment would not be materially prejudicial to Noteholders and, in the case of the Trustee, pursuant to its authority under the Extraordinary Resolution to make amendments to the Documents to effect the Noteholders' approval of the Proposal, the Issuer and the Trustee has consented to the Amendment and its incorporation into the Deed of Amendment and Restatement.


The Issuer confirms to Noteholders that the Deed of Amendment and Restatement, incorporating the Amendment, has been implemented on the Effective Date."

 

12 January 2023


Full announcements available via Euronext.



"NOTICE IS HEREBY GIVEN to the Noteholders that at the Meetings of the holders of the Class Ba Notes and the Class C Notes, held virtually from the offices of Fieldfisher LLP at Riverbank House, 2 Swan Lane, London, EC4R 3TT on 7 December 2022 and at the adjourned Meetings of the holders of the Class Aa Notes, the Class Ac Notes, the Class Bc Notes and the Class D Notes, held virtually from the offices of Fieldfisher LLP at Riverbank House, 2 Swan Lane, London, EC4R 3TT on 11 January 2023, access to which for Noteholders that wished to attend virtually or appoint a proxy (other than the Tabulation Agent) was granted only via a Microsoft Teams video conference meeting ID provided by Fieldfisher LLP upon request: (i) the quorum was reached; and (ii) each relevant Extraordinary Resolution previously notified to Noteholders in accordance with the terms of the Trust Deed was duly passed.


The number of votes cast in favour of the Extraordinary Resolution was (i) 198,596,000 votes (representing 100% of the total number of votes cast at the adjourned Meeting) in respect of the Class Aa Notes, (ii) 41,044,776 votes (representing 100% of the total number of votes cast at the adjourned Meeting) in respect of the Class Ac Notes; (iii) 17,412,000 votes (representing 100% of the total number of votes cast at the Meeting) in respect of the Class Ba Notes; (iv) 8,955,224 votes (representing 75% of the total number of votes cast at the adjourned Meeting) in respect of the Class Bc Notes; (v) 10,400,000 votes (representing 100% of the total number of votes cast at the Meeting) in respect of the Class C Notes; and (vi) 2,282,000 votes (representing 100% of the total number of votes cast at the adjourned Meeting) in respect of the Class D Notes.


Effective Date


The Amended and Restated Documents, each as amended and restated pursuant to a deed of amendment and restatement implementing the Proposal, for which each of the Extraordinary Resolutions was passed, will be executed by all relevant parties as soon as practicable and will have effect on and from the Interest Payment Date falling on 17 March 2023 (the "Effective Date"). For the avoidance of doubt, the reference rate applicable to the Notes up to but excluding the Effective Date will continue to be LIBOR and the interest payment to be made on the Effective Date will not be affected by the pricing methodology described in the Consent Solicitation Memorandum."

 

Landmark Mortgage Securities No.2 Plc

(incorporated in England and Wales with limited liability, registered number 006047720) (the "Issuer")

NOTICE OF NOTEHOLDER ADJOURNED MEETING

to the holders of the

€35,000,000 Class Ac Mortgage Backed Floating Rate Notes due 2039

(ISIN: XS0287192727 Common Code: 028719272)

(the "Ac Notes", and the holders thereof, the "Ac Noteholders") of the Issuer presently outstanding.


12th December 2022


Full announcements available via Euronext.

 

Results and Adjournments (LIBOR TRANSITION)


7th December 2022


XS0287189004/XS0287192727/XS0287192131/XS0287193451/XS0287192214/XS0287192644/XS1110731806/XS1110738132/XS1110745004/XS1110750699/XS1110755144


Full announcements available via Euronext.

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