FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
October 17, 2005
BRITISH ENERGY GROUP PLC
(Registrant's name)
Systems House
Alba Campus
Livingston
EH54 7EG
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F..X.. Form 40-F.....
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ..... No ..X..
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b):
Exhibit Index
The following document (bearing the exhibit number listed below) is furnished
herewith and is made a part of this Report pursuant to the General Instructions
for Form 6-K:
Exhibit Description
No. 1 RNS Announcement, re: Proposed Amendments to Bonds dated
17th October 2005
17 October 2005
BRITISH ENERGY GROUP PLC
BRITISH ENERGY HOLDINGS PLC GBP700,000,000 7% GUARANTEED BONDS DUE 2005-2022
(the "Bonds").
PROPOSED AMENDMENTS EXPECTED TO BE APPROVED.
British Energy Holdings PLC (the "Issuer"), a wholly owned subsidiary of British
Energy Group PLC, announced on 28 September 2005 proposals (the "Proposals") to
make certain amendments to the terms and conditions of the Bonds. The Proposals
are detailed in an Explanatory Memorandum dated 28 September 2005 (the
"Explanatory Memorandum") and sent to Bondholders. A copy of the Explanatory
Memorandum is available on the Company's website, www.british-energy.com. The
Issuer has convened a meeting of Bondholders to consider and, if thought fit,
approve the Proposals. The Meeting will be held on 24 October 2005.
As at the Expiration Time on the Early Instruction Date, being 16:00 GMT on
Friday 14 October 2005, the Issuer had received valid irrevocable Instructions
in favour of the Proposals from holders of more than 75 per cent. of the Bonds;
accordingly the Issuer expects the Proposals to be approved. All Bondholders who
delivered valid irrevocable Instructions in favour of or against the Proposals
by the Expiration Time on the Early Instruction Date will be eligible to receive
a payment from the Issuer of GBP1.00 per GBP1,000.00 nominal principal amount of
outstanding Bonds which are the subject of a Bondholders' instruction (the
"Early Instruction Fee"), subject to the passing of the Proposals.
To participate in the meeting, any Bondholders that have not already submitted
valid Instructions must provide their instructions so that instructions are
received by the Registrar (the "Registrar") by 4.00 p.m. on 21 October 2005 (the
"Expiration Date").
The Settlement Date for payment of the Early Instruction Fee is expected to be
Thursday, 27 October 2005.
The proposals are made subject to the conditions contained in the Explanatory
Memorandum and terms used in this announcement and not otherwise defined have
the meanings given to them in the Explanatory Memorandum.
Citigroup Global Markets Limited is the sole Consent Co-ordinator. Copies of the
Notice of Meeting and Explanatory Memorandum are available from the Consent
Co-ordinator. For further information please contact Liability Management Group
on +44 20 7986 8969.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Date: October 17, 2005 BRITISH ENERGY GROUP PLC
By:____John Searles____
Name: John Searles
Title: Director - Investor Relations