UNITED UTILITIES PLC (incorporated with limited liability in England)

Similar documents
U.S.$40,000,000,000 Global Medium Term Note Programme

ROYAL BANK OF CANADA SECOND AMENDED AND RESTATED UNDERWRITING AGREEMENT

First Supplemental Trust Deed

Whilst in global form the Notes will have the benefit of deed of covenant to be dated..(the "Deed of Covenant").

1335. Power to substitute memorandum and articles for deed of settlement. Chapter 1 Public offers of securities

DRYDEN 39 EURO CLO 2015 B.V.

ATLANTIA S.p.A. (incorporated as a joint stock company in the Republic of Italy)

Debt Instruments Issuance Programme

NOTICE OF VOTING RESULTS IN REGARD TO STID PROPOSAL & STID DIRECTIONS REQUEST (THE "NOTICE")

PROGRAMME AGREEMENT DATED 8 AUGUST GKN HOLDINGS plc 2,000,000,000 EURO MEDIUM TERM NOTE PROGRAMME. Allen & Overy LLP

FIRST AMENDING AGREEMENT TO THE AMENDED AND RESTATED DEALERSHIP AGREEMENT

Amendment to Program Information

SHARE ISSUANCE FORM (this Form )

10 per cent. IGas Energy Plc. Senior Secured Callable Bond Issue 2013/2018 (the "Bonds")

1 APRIL Law on Takeover Bids

ROYAL BANK OF CANADA. Global Covered Bond Programme SUPPLEMENTAL AGENCY AGREEMENT. 7 August 2013

GOODMAN HK FINANCE (Incorporated with limited liability in the Cayman Islands) Company Stock Code: 5763

CLIFFORD CHANCE LLP. Draft dated 28 July 2017 DEED POLL

STANDARD TERMS AND CONDITIONS FOR THE SUPPLY OF GOODS AND SERVICES

AVOCA CLO V PLC (the Issuer )

SHAREHOLDER RELATIONSHIP AGREEMENT

PORTUGAL TELECOM INTERNATIONAL FINANCE B.V. (the Issuer) IMPORTANT NOTICE. to the holders (the Noteholders) of those of the outstanding

WIZZ AIR HOLDINGS PLC MEMORANDUM OF ASSOCIATION

COOPERATION AGREEMENT

DEED OF COVENANT WHEREAS:

NEWHAVEN II CLO, DESIGNATED ACTIVITY COMPANY 3rd Floor, Kilmore House Park Lane, Spencer Dock, Dublin 1, Ireland (the Issuer )

AMENDED AND RESTATED SUPPLEMENTAL TRUST DEED. January 15, 2015

SUPPLEMENTAL AGENCY AGREEMENT. 4 December (supplemental to the Amended and Restated Agency Agreement. dated 24 September 2013)

DISTRIBUTION TERMS. In Relation To Structured Products

Agreement to UOB Banker s Guarantee Terms and Conditions

Credit Policy (Northern States Power Company, a Minnesota Corporation)

House of Commons NOTICES OF AMENDMENTS. given up to and including. Thursday 25 January 2018

THIS NOTICE IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

Model Commercial Paper Dealer Agreement

The Temporary Global Note and the Permanent Global Note will be delivered to a common depositary for.. (".") and. (.").

PART 24 INVESTMENT COMPANIES CHAPTER 1 Preliminary and interpretation Interpretation (Part 24)

POST-ENFORCEMENT CALL OPTION AGREEMENT

IMPORTANT NOTICE IMPORTANT

SCHEDULE 21 PARENT COMPANY GUARANTEE

Dated [ ] PIRELLI INTERNATIONAL PLC, PIRELLI & C. S.p.A. as Issuers. and. PIRELLI TYRE S.p.A. as Guarantor. and

SECURITY SHARING AGREEMENT. THIS SECURITY SHARING AGREEMENT (this Agreement) is made as of June 25, 2014.

THIS NOTICE IS IMPORTANT AND REQUIRES THE IMMEDIATE ATTENTION OF NOTEHOLDERS.

FIRST AMENDMENT TO THE REHABILITATION EXIT SUPPORT AGREEMENT

AFME Model Block Trade Agreement (Without Backstop)

BUSINESS MORTGAGE AGREEMENT

19 May KommuneKredit as Issuer. and

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K CMS ENERGY CORPORATION

REMINGTON OUTDOOR COMPANY, INC. (Exact name of company as specified in its charter)

CODERE FINANCE 2 (LUXEMBOURG) S.A., as Issuer. CODERE, S.A., as Parent Guarantor. GLAS TRUST CORPORATION LIMITED, as Trustee and Security Agent

HEATHROW AIRPORT LIMITED GATWICK AIRPORT LIMITED STANSTED AIRPORT LIMITED HEATHROW EXPRESS OPERATING COMPANY LIMITED BAA (SP) LIMITED

CUSTODIAL AGREEMENT. by and among CANADIAN IMPERIAL BANK OF COMMERCE. as Seller, Servicer and Cash Manager. and

INEOS GRANGEMOUTH PLC

CLIFFORD CHANCE LIMITED LIABILITY PARTNERSHIP

EIGHTH SUPPLEMENTAL INDENTURE OF TRUST WITNESSETH:

CORPORATE SERVICES AGREEMENT. by and among THE BANK OF NOVA SCOTIA. as Client. and SCOTIABANK COVERED BOND GUARANTOR LIMITED PARTNERSHIP.

DEED OF IRREVOCABLE UNDERTAKING

FIRST AMENDMENT TO BA CREDIT CARD TRUST THIRD AMENDED AND RESTATED INDENTURE

THE GOLDMAN SACHS GROUP, INC. (Exact name of registrant as specified in its charter)

CONSENT SOLICITATION MEMORANDUM April 9, Proposal by

Master Guarantee. ofthe REPUBLIC OF AUSTRIA. (the Guarantor ) relating to

SHARE PLEDGE AGREEMENT

THE TAKEOVER PANEL CODE COMMITTEE. Instrument 2016/5 (Instrument 2016/1 Correction) The communication and distribution of information during an offer

LOAN PLEDGE AGREEMENT

PROPOSAL SUBMISSION AGREEMENT

CALCULATION AGENT AGREEMENT W I T N E S S E T H:

BBVA CAPITAL FUNDING LTD. (incorporated with limited liability in the Cayman Islands) 60,000,000 Fixed Rate Notes due 10 October 2011

COMPANIES ACT 2014 CONSTITUTION OF THE GALWAY MUSIC RESIDENCY MEMORANDUM OF ASSOCIATION

SECURITIES AND EXCHANGE COMMISSION FORM S-8 POS. Post-effective amendment to a S-8 registration statement

MASSACHUSETTS WATER RESOURCES AUTHORITY $ Multi-Modal Subordinated General Revenue Bonds Series REMARKETING AGREEMENT

PARADISE TIMBERS PTY LTD APPLICATION FOR COMMERCIAL CREDIT

AMENDING AGREEMENT TO MASTER DEFINITIONS AND CONSTRUCTION AGREEMENT

PROJET DE LOI ENTITLED. The Protection of Investors. (Bailiwick of Guernsey) Law, 2018 ARRANGEMENT OF SECTIONS

TERMS AND CONDITIONS GOVERNING CHILD DEVELOPMENT ACCOUNTS AND SERVICES

U.S.$1,500,000, % NOTES DUE 2020 (ISIN (REG S): XS ; ISIN (RULE 144A): US48667QAE52; CUSIP (RULE 144A): 48667QAE5);

BULLETIN. Auditor s Reports on Revised Accounts and Reports, in the United Kingdom. April /5

CUSTODIAL AGREEMENT. by and among THE TORONTO-DOMINION BANK. as Issuer, Seller, Servicer and Cash Manager. and

The logo on this form may have been updated. The content of this document has not been modified since its original website posting.

Baxter International Inc. One Baxter Parkway Deerfield, Illinois 60015

PaxForex Introducing Broker Agreement

Over 50s Life Cover Proposal and Declaration of Trust for Life Policy

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 8-K

COMPANIES (JERSEY) LAW 1991 ARTICLES OF ASSOCIATION WANDISCO PLC. a public par value limited liability company

IMPORTANT: You must read the following disclaimer before continuing

Total CUSIP and/or ISIN Nos.

(3) [ECP DEALERS] as dealers for the ECP Notes to be issued under the Programme; and

Financial Guidance and Claims Bill [HL]

IRREVOCABLE UNDERTAKING (DIRECTOR AND SHAREHOLDER)

AFFINITY WATER FINANCE (2004) LIMITED AS ISSUER AND AFFINITY WATER LIMITED AS ORIGINAL GUARANTOR AND

DISTRIBUTION TERMS. In Relation To Structured Products

SETTLEMENT AGREEMENT AND COVENANT NOT TO SUE

NOBLE GROUP LIMITED (Incorporated in Bermuda with limited liability)

FEDEX CORP FORM 8-K. (Current report filing) Filed 01/09/15 for the Period Ending 01/09/15

EXHIBIT Q LIMITED GUARANTY OF COMPLETION

COST OVERRUN AND COMPLETION GUARANTEE. (Leslieville)

SumitG Guaranteed Secured Obligation Issuer D.A.C. (the Issuer) CONSENT SOLICITATION MEMORANDUM

Customer means the person, firm or company with whom or with which the Company contracts;

SELECTED INVESTMENT ADVISOR AGREEMENT PREFERRED APARTMENT COMMUNITIES, INC.

CREDIT APPLICATION - 7 DAYS FROM INVOICE

COMCAST CORPORATION (Exact name of registrant as specified in its charter) COMCAST CABLE COMMUNICATIONS, LLC NBCUNIVERSAL MEDIA, LLC

Liability for Misstatement in Prospectus: Where to Stop?

Transcription:

SUPPLEMENTARY OFFERING CIRCULAR DATED 1 JULY 2016 UNITED UTILITIES PLC UNITED UTILITIES WATER FINANCE PLC with obligations under Notes issued by United Utilities Water Finance PLC to be unconditionally and irrevocably guaranteed by UNITED UTILITIES WATER LIMITED EUR 7,000,000,000 Euro Medium Term Note Programme This Supplementary Offering Circular (the Supplement ) to the Offering Circular dated 17 November 2015 (the Offering Circular, which definition includes the Offering Circular as supplemented, amended or updated from time to time and includes all information incorporated by reference therein) which constitutes a base prospectus for the purposes of Directive 2003/71/EC (the Prospectus Directive ), constitutes a supplementary prospectus for the purposes of Section 87G of the Financial Services and Markets Act 2000 ( FSMA ) and is prepared in connection with the EUR 7,000,000,000 Euro Medium Term Note Programme (the Programme ) established by United Utilities PLC ( UU ) and United Utilities Water Finance PLC ( UUWF ) (each an Issuer and together the Issuers ). The payments of all amounts due in respect of Notes issued by UUWF will be unconditionally and irrevocably guaranteed by United Utilities Water Limited ( UUW or the "Guarantor"). This Supplement is supplemental to, forms part of and should be read in conjunction with the Offering Circular and any other supplements to the Offering Circular issued by the Issuers. Except as otherwise provided in this Supplement, terms and expressions defined in the Offering Circular shall have the same meaning when used herein. Each of the Issuers and the Guarantor (together, the Responsible Persons ) accepts responsibility for the information contained in this Supplement. To the best of the knowledge and belief of each of the Responsible Persons (each having taken all reasonable care to ensure that such is the case) the information contained in this Supplement is in accordance with the facts and does not omit anything likely to affect the import of such information. Neither this Supplement nor any other information supplied in connection with the Programme or the issue of any Notes constitutes an offer or invitation by or on behalf of the Issuers, the

2 Guarantor, any of the Dealers or the Trustee to any person to subscribe for or to purchase any Notes. This Supplement has been approved by the United Kingdom Financial Conduct Authority (the "FCA"), which is the United Kingdom competent authority under Part VI of FSMA, for the purposes of the Prospectus Directive and relevant implementing measures in the United Kingdom, as a supplement to the Offering Circular. 1. Purpose The purpose of this Supplement is to: incorporate by reference pages 27 85 (inclusive) of the Report and Financial Statements for the year ended 31 March 2016 for UU; incorporate by reference pages 6 14 (inclusive) of the Report and Financial Statements for the year ended 31 March 2016 for UUWF; incorporate by reference pages 69 124 (inclusive) of the Report and Financial Statements for the year ended 31 March 2016 for UUW; and (D) supplement the section entitled Risk Factors on pages 9 17 (inclusive) of the Offering Circular by: (i) (ii) (iii) (iv) incorporating by reference the table appearing under the title Principal risks and uncertainties on page 48 of the Annual Report and Financial Statements for the year ended 31 March 2016 for United Utilities Group PLC ( UUG ); incorporating by reference the information appearing under the column entitled Current key risks, issues or areas of uncertainty include: on page 49 of the Annual Report and Financial Statements for the year ended 31 March 2016 for UUG; replacing the final sentence of the first paragraph beneath the risk factor entitled Material litigation involving the following two matters is ongoing. on page 10 of the Offering Circular with the following: UUIL has filed a defence to the action and will vigorously resist the proceedings given the robust defences that UUIL has been advised that it has on procedural and substantive grounds. ; and replacing the second paragraph beneath the risk factor entitled Material litigation involving the following two matters is ongoing. on page 10 of the Offering Circular with the following: In March 2010, Manchester Ship Canal Company (MSCC) issued proceedings seeking, amongst other relief, damages alleging trespass against UUW in respect of UUW s discharges

3 of water and treated effluent into the canal. Whilst the matter has not reached a final conclusion, the Supreme Court has found substantively in UUW s favour on a significant element of the claim and the High Court has upheld UU s position on the remainder of the proceedings. We await to see whether MSCC pursue a further claim to introduce additional matters for determination.. 2. Documents incorporated by reference 2.1 On 22 June 2016 the following documents were published: the Report and Financial Statements for the year ended 31 March 2016 for UU ( UU s Report and Financial Statements ); the Report and Financial Statements for the year ended 31 March 2016 for UUWF ( UUWF s Report and Financial Statements ); and the Report and Financial Statements for the year ended 31 March 2016 for UUW ( UUW s Report and Financial Statements ); (D) the Annual Report and Financial Statements for the year ended 31 March 2016 for UUG ( UUG s Annual Report and Financial Statements ). 2.2 By virtue of this Supplement: the audited financial statements of UU for the year ended 31 March which appear on pages 27 85 (inclusive) of UU s Report and Financial Statements, are hereby incorporated in and form part of this Offering Circular; the audited financial statements of UUWF for the year ended 31 March which appear on pages 6 14 (inclusive) of UUWF s Report and Financial Statements, are hereby incorporated in and form part of this Offering Circular; the audited financial statements of UUW for the year ended 31 March which appear on pages 69 124 (inclusive) of UUW s Report and Financial Statements, are hereby incorporated in and form part of this Offering Circular.

4 3. Supplement the section entitled Risk Factors on pages 9 17 (inclusive) of the Offering Circular The section entitled Risk Factors on pages 9 17 (inclusive) of the Offering Circular is supplemented with the: (D) table appearing under the title Principal risks and uncertainties on page 48 of UUG s Annual Report and Financial Statements ; information appearing under the column entitled Current key risks, issues or areas of uncertainty include: on page 49 of UUG s Annual Report and Financial Statements; replacement of the final sentence of the first paragraph beneath the risk factor entitled Material litigation involving the following two matters is ongoing. on page 10 of the Offering Circular with the following: UUIL has filed a defence to the action and will vigorously resist the proceedings given the robust defences that UUIL has been advised that it has on procedural and substantive grounds. ; and replacement of the second paragraph beneath the risk factor entitled Material litigation involving the following two matters is ongoing. on page 10 of the Offering Circular with the following: In March 2010, Manchester Ship Canal Company (MSCC) issued proceedings seeking, amongst other relief, damages alleging trespass against UUW in respect of UUW s discharges of water and treated effluent into the canal. Whilst the matter has not reached a final conclusion, the Supreme Court has found substantively in UUW s favour on a significant element of the claim and the High Court has upheld UU s position on the remainder of the proceedings. We await to see whether MSCC pursue a further claim to introduce additional matters for determination.. These risk factors are hereby incorporated in and form part of the Supplement, and are thereby incorporated in and form part of the Offering Circular. 4. General Save as disclosed in this Supplement no other significant new factor, material mistake or inaccuracy relating to information included in the Offering Circular has arisen or been noted, as the case may be, since the publication of the Offering Circular. Copies of this Supplement and all information incorporated by reference in this Supplement and the Offering Circular can be obtained from the Issuers in the manner described in the Offering Circular. To the extent that there is any inconsistency between (a) any statement in this Supplement and (b) any other statement in, or incorporated by reference in, the Offering Circular, the statements in this Supplement will prevail.

5 If documents which are incorporated by reference themselves incorporate any information or other documents therein, either expressly or implicitly, such information or other documents will not form part of this Supplement for the purposes of the Prospectus Directive except where such information or other documents are specifically incorporated by reference to this Supplement or where this Supplement is specifically defined as including such information. Any information contained in a document incorporated by reference in this Supplement which is not incorporated in, and does not form part of, this Supplement is not relevant for investors or is contained elsewhere in this Supplement. Save as disclosed in this Supplement, there has been no other significant new factor, material mistake or inaccuracy relating to information included in the Offering Circular since the publication of the Offering Circular. No person is or has been authorised by the Issuers to give any information or to make any representation not contained in or not consistent with the Offering Circular or this Supplement or any other information supplied in connection with the Programme or the Notes and, if given or made, such information or representation must not be relied upon as having been authorised by the Issuers, any of the Dealers or the Trustee. Neither the delivery of the Offering Circular and/or this Supplement nor the offering, sale or delivery of any Notes shall in any circumstances imply that the information contained herein concerning the Issuers is correct at any time subsequent to the date hereof or that any other information supplied in connection with the Programme is correct as of any time subsequent to the date indicated in the document containing the same. Copies of the Annual Reports and Accounts, each of which are incorporated by reference into, and form part of, this Supplement are available for viewing at http://www.morningstar.co.uk/uk/nsm.