Thames Water Utilities
Limited
31 January 2025
Liquidity Extension Update -
Sanction Hearing
Thames Water Utilities Limited
("TWUL") confirms details
of the sanction hearing (the "Sanction Hearing") in relation to the
restructuring plan proposed by Thames Water Utilities Holdings
Limited (the "Plan
Company") pursuant to Part 26A of the Companies Act 2006
(the "Plan") in connection
with implementing the liquidity extension transaction.
Details of the Sanction Hearing are
as follows:
Start Date: 3 February
2025
Time: 10:00 am (London
time)
Location: 7 Rolls Buildings,
Fetter Lane, London EC4A 1NL
The Sanction Hearing is scheduled to
start on 3 February 2025 and is anticipated to run to 6 February
2025, although the Sanction Hearing may be extended in the event
that the Court considers an extension to the Sanction Hearing
timetable to be necessary.
At the Sanction Hearing, the Court
will consider whether to grant an order to sanction the
Plan.
Julian Gething, TWUL's Chief
Restructuring Officer said, "Our plan remains the only
implementable solution to putting the business on a firmer
financial footing. Its approval will not affect customer
bills but will unlock billions of pounds for investment in our
network, fixing pipes, upgrading our sewage treatment works and
maintaining high-quality drinking water."
The creditors affected by the Plan
("Plan Creditors") have the
right to attend in person or through counsel and make
representations at the Sanction Hearing.
The time of the Sanction Hearing
will also be posted on the Plan
website (https://deals.is.kroll.com/thameswater).
Plan Creditors should contact the
Information Agent appointed for the Plan at thameswater@is.kroll.com with any
questions on this notice.
For further information
Investor enquiries
Frederick Maroudas - Director of
Corporate Finance
debt.investorrelations@thameswater.co.uk
Media enquiries
Simon Haynes - Media Relations
Manager
simon.haynes@thameswater.co.uk
M: 07747644910
Alex Simmons
thameswater@edelmansmithfield.com
