Additionally, the Canaries Bonds will become repayable at the option of Bondholders:

Material Asset Sales

at 101% of their principal amount, plus accrued interest,
upon the occurrence of a Material Asset Sale. For these
purposes a ‘Material Asset Sale’ means a sale, lease or
transfer to a thir
d party of the Club’s Carrow Road stadium
or Colney training facilities; and

Change of control

at 101% of their principal amount, plus accrued interest
upon the occurr
ence of a Change of Control. For these
purposes a ‘Change of Control’ means a change to the
current majority shareholders of the Company.

Posted By: Ralf Scrampton on March 21st 2018 at 20:37:12


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