SMBC Nikko Capital Markets Limited Stabilisation Notice (3086O)
01 October 2019 - 6:03PM
UK Regulatory
TIDM46XU
RNS Number : 3086O
SMBC Nikko Capital Markets Limited
01 October 2019
PRE-STABILISATION ANNOUNCEMENT
Date: 1(st) October 2019
Not for the distribution, directly or indirectly in to the
United States or any jurisdiction in which such distribution would
be unlawful.
Cadent Finance PLC
Pre - Stabilisation Notice
SMBC Nikko Capital Markets Limited ("SMBC Nikko") (contact:
Steve Apted +44 20 3527 7442) hereby gives notice that the
Stabilising Manager(s) named below may stabilise the offer of the
following securities in accordance with Commission Regulation (EC)
No. 2273/2003 implementing the Market Abuse Directive
(2003/6/EC).
The Securities:
Issuer: Cadent Finance PLC
-------------------------------------
Guarantor (if any): Cadent Gas Limited
-------------------------------------
Aggregate Nominal Amount: GBP (TBD)
-------------------------------------
Description: GBP Bonds due 10/2035
Senior, Unsecured, Reg S
English Law
Listing: London Stock Exchange
ISIN: XS2062820290
-------------------------------------
Offer price: TBD
-------------------------------------
Other offer terms: Denoms: GBP 200,000 + 1k; Make
Whole Call
-------------------------------------
Stabilisation:
-------------------------------------
Stabilising manager(s): SMBC Nikko (Stabilising Coordinator)
Morgan Stanley International
Barclays
-------------------------------------
Stabilisation Period expected 1 October 2019
to start on:
-------------------------------------
Stabilisation period expected 9 November 2019 (30 days after
to end no later than: the proposed issue date of the
securities)
-------------------------------------
Existence, maximum size and conditions The Stabilising Manager(s) may
of use of over-allotment facility: over-allot the securities to
the extent permitted in accordance
with applicable law.
-------------------------------------
Stabilisation trading venue: London Stock Exchange (Regulated
Market)
-------------------------------------
In connection with the offer of the above securities, the
Stabilising Manager(s) may over-allot the securities or effect
transactions with a view to supporting the market price of the
securities at a level higher than that which might otherwise
prevail. However, there is no assurance that the Stabilising
Manager(s) will take any stabilisation action and any stabilisation
action, if begun, may be ended at any time, but must end no later
than the earlier of 30 days after the issue date of the securities
and 60 days after the date of the allotment of the securities. Any
stabilisation action or over-allotment shall be conducted in
accordance with all applicable laws and rules.
This announcement is for information purposes only and does not
constitute an invitation or offer to underwrite, subscribe for or
otherwise acquire or dispose of any securities of the Issuer in any
jurisdiction.
This announcement is not for distribution, directly or
indirectly, in or into the United States or any other jurisdiction
in which such distribution would be unlawful.
This announcement and the offer of the securities to which it
relates are only addressed to and directed at persons outside the
United Kingdom and persons in the United Kingdom who have
professional experience in matters related to investments or who
are high net worth persons within article 12(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 and
must not be acted on or relied on by other persons in the United
Kingdom.
In addition, if and to the extent that this announcement is
communicated in, or the offer of the securities to which it relates
is made in, any EEA Member State that has implemented Directive
2003/71/EC (together with any applicable implementing measures in
any Member State, the "Prospectus Directive") before the
publication of a prospectus in relation to the securities which has
been approved by the competent authority in that Member State in
accordance with the Prospectus Directive (or which has been
approved by a competent authority in another Member State and
notified to the competent authority in that Member State in
accordance with the Prospectus Directive), this announcement and
the offer are only addressed to and directed at persons in that
Member State who are qualified investors within the meaning of the
Prospectus Directive (or who are other persons to whom the offer
may lawfully be addressed) and must not be acted on or relied on by
other persons in that Member State.
This announcement is not an offer of securities for sale into
the United States. The securities have not been, and will not be,
registered under the United States Securities Act of 1933 and may
not be offered or sold in the United States absent registration or
an exemption from registration. There will be no public offer of
securities in the United States.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
STAEAPEFEEENFEF
(END) Dow Jones Newswires
October 01, 2019 04:03 ET (08:03 GMT)
Cadent Fin 28 (LSE:46XU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cadent Fin 28 (LSE:46XU)
Historical Stock Chart
From Jul 2023 to Jul 2024
