Thames Water Utilities Limited Announces STID Proposal Results
Why we think this is neutral
The RNS announcement provides details on the approval of Thames Water Utilities Limited's STID proposal, which is a regulatory update without any material financial impact information. As such, the news is considered neutral from an investment perspective.
Key Points
- TWUL's STID proposal has been approved
- The Consent and Waiver under the STID proposal has been approved by the Majority Creditors
- The STID Proposal shall apply from the date on which the Security Trustee executes the Consent and Waiver Letter
Summary
The utility company has announced the approval of its STID proposal by the Majority Creditors.
Thames Water Utilities Limited (TWUL) has announced that its STID (Security Trustee Instruction Deed) proposal has been approved. The STID proposal was previously launched on 24 January 2025, and the Security Trustee has now received the required votes in favour from the Majority Creditors.
GENERAL UPDATE