Lake Acquisitions Limited
Jan 19, 2009
Law Debenture appointed as trustee for Guaranteed Contingent Value Right Instruments
£520,157,401 Guaranteed Contingent Value Rights Instruments
We have been appointed as trustee of the Guaranteed Contingent Value Right Instruments which have been issued by Lake acquisitions Limited and guaranteed by EDF Energy PLC in connection with the acquisition of British Energy plc.
Shareholders in British Energy were offered either cash or a combination of cash and notes linked to the Guaranteed Contingent Value Right Instruments which entitle the holders to a contingent right to receive cash payments over a ten year period. This innovative arrangement offers holders economic exposure to the power output from British Energy's nuclear power stations and certain UK wholesale power prices.