Mortimer BTL 2023-1 PLC announced on September 22, 2026 that it has fully redeemed approximately £415 million worth of notes and requested immediate cancellation of their listing on the London Stock Exchange.
The redemption covers six classes of notes originally issued under a prospectus dated November 27, 2023. Class A notes account for the largest share at £366.9 million, followed by Class B at £22.5 million, Class C and Class D each at £8.2 million, Class X at £5.1 million, and Class E at £4.1 million. The notes were due to mature in December 2056.
Registered global certificates associated with the notes have been cancelled. The issuer had previously admitted the notes to the official list of the Financial Conduct Authority and traded them on the regulated market of the London Stock Exchange.
The delisting request was submitted for immediate effect, removing the notes from trading on the exchange.
