Tender Offer Memorandum
24 March 2009 - 8:32PM
UK Regulatory
TIDM49WI
RNS Number : 3610P
Banco de Sabadell, S.A.
24 March 2009
Series I/2006 EUR 500,000,000 Step-Up Fixed/Floating Rate Non-Cumulative
Perpetual Preferred Securities (ISIN: XS0267456084; Common Code: 026745608) (the
"Preferred Securities") of Banco de Sabadell, S.A. (the "Company")
The Company has today given notice to the Holders of the Preferred Securities
through Euroclear and Clearstream, Luxembourg of:
(i) a cash tender offer in respect of up to EUR250,000,000 of the outstanding
amount of Preferred Securities; and
(ii) proposals (the "proposals") to amend the terms and conditions of the
Preferred Securities to permit the repurchase and subsequent cancellation of
Preferred Securities accepted by the Company for tender.
Consent of the Bank of Spain to the partial cash tender offer was obtained on 18
March 2009.
A meeting of Holders of Preferred Securities is scheduled for 10:00 a.m. CET on
Thursday, 23 April 2009 at the offices of Clifford Chance, S.L. Avenida Diagonal
682, 08034 Barcelona, Spain to consider, and if thought fit, pass an
extraordinary resolution in respect of the proposals.
Information in respect of the partial cash tender offer and the proposals may be
found in a tender offer and consent solicitation memorandum dated 24 March 2009
which is available on request by eligible Holders of Preferred Securities from
Lucid Issuer Services Limited at:
Lucid Issuer Services Limited
Leroy House
436 Essex Road
London N1 3QP
United Kingdom
Tel: +44 20 7704 0880
Attention: Lee Pellicci / Sunjeeve D. Patel
Email:Sabadell@lucid-is.com
The Dealer Manager is HSBC Bank plc.
The offer period in respect of the partial cash tender offer will commence today
and will expire at 17.00 CET on 21 April 2009 unless it is extended at the
Company's discretion.
THE OFFER IS NOT BEING MADE IN, AND TENDERS WILL NOT BE ACCEPTED FROM, ANY
JURISDICTION WHERE IT WOULD BE DEEMED TO BE ILLEGAL.
IN PARTICULAR THE OFFER IS NOT BEING MADE TO ANY U.S. PERSON OR ITALIAN PERSON
OR TO ANY PERSON OR ADDRESS IN THE UNITED STATES OR THE REPUBLIC OF ITALY.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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