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DJ Lake Acquisitions Limited NPN Quarterly Disclosure

TIDMNU.P

RNS Number : 7926B

Lake Acquisitions Limited

12 January 2018

12 January 2018

Lake Acquisitions Limited

Quarterly information statement for 1 October 2017 to 31 December 2017 inclusive ("Q4 2017")

The following information is provided by Lake Acquisitions Limited as issuer of the CVRs to which the Nuclear Power Notes are linked, in satisfaction of its disclosure obligations under the Conditions of the CVRs, but is not directly relevant to the calculation of any payment due under the CVRs or the Nuclear Power Notes, for the reasons described below.

 
 1. Month Ahead Prices 
  Month Ahead Prices in respect of 
  Q4 2017 
   *    October 2017                    : 46.45 GBP/MWh(1) 
                                        : 53.03 GBP/MWh(1) 
                                        : 53.31 GBP/MWh(1) 
   *    November 2017 
 
 
   *    December 2017 
 2. Contribution to Eligible Nuclear 
  Output                                 : 15.2 TWh(2) 
  Contribution to Eligible Nuclear 
  Output in respect of Q4 2017 
 Cumulative Contribution to Eligible   : 63.9 TWh(2) 
  Nuclear Output in respect of the 
  calendar year 2017 (1 January 2017 
  to 31 December 2017 inclusive) 
 3. Likely maximum theoretical output before 
  unplanned losses 
  The likely maximum theoretical output before 
  unplanned losses is not relevant for Q4 2017 
  because the date of the end of Q4 2017 is the 
  same as the date of the end of the calendar 
  year 2017. 
 4. Total quantum of planned power outages(3) 
  The total quantum of planned power outages 
  is not relevant for Q4 2017 because the date 
  of the end of Q4 2017 is the same as the date 
  of the end of the calendar year 2017. 
 

Investors should note that for the purposes of calculating the Yearly Payment on the CVRs:

-- The Contribution to Eligible Nuclear Output figure disclosed in each quarterly information statement is a preliminary figure. The final figure for the Eligible Nuclear Output for the relevant year will be set out in the Payment Calculation Notice, is subject to a cap of 65 TWh in any calendar year, and may not be equal to the sum of the contribution to Eligible Nuclear Output figures disclosed in each quarterly information statement for the relevant calendar year.

For further details, including in respect of the calculation of the Yearly Payment on the CVRs, please see the Terms and Conditions of the Nuclear Power Notes and the Terms and Conditions of the CVRs which are set out on pages 65 to 120 of the prospectus for the Nuclear Power Notes issued by Barclays Bank PLC on 5 November 2008 ("Prospectus"). A supplement to the Prospectus was issued by Barclays Bank PLC on 10 February 2009.

In this announcement, capitalised terms that are not defined have the meaning set out in the Prospectus.

Contacts:

 
 Sue Fletcher   01452 652233   (Media Enquiries) 
 Davina         020 8935       (Financial Communications) 
  Ferrier        2883 
 

Notes:

   (1)   Source - ICIS Heren European Daily Electricity Markets 
   (2)   This number is rounded 
   (3)   Planned power outages include load restrictions 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

January 12, 2018 11:52 ET (16:52 GMT)