61NM Kennedy Wil. 25

TIDM61NM

RNS Number : 3710O

Kennedy Wilson Europe Real Estate

07 October 2021

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 (AS IT FORMS PART OF DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018)

NOTICE OF MAKE WHOLE REDEMPTION PRICE

to the holders of the outstanding

Sterling-denominated 3.95 per cent. Bonds due 2022 (ISIN: XS1117292554)

(the "Bonds")

issued by

Kennedy Wilson Europe Real Estate Limited

(formerly known as Kennedy Wilson Europe Real Estate Plc)

(the "Issuer")

NOTICE IS HEREBY GIVEN to the holders of the Bonds (the "Bondholders") of the Make Whole Redemption Price, following the publication by the Issuer on 8 September 2021 of a notice announcing that it had elected to redeem all of the outstanding Bonds in accordance with (i) Condition 5(c) (Redemption at the Option of the Issuer) of the Terms and Conditions of the Bonds (the "Conditions") and (ii) the terms of the permanent global bond representing the Bonds.

Terms used in this notice but not defined herein shall have the meaning given them in the Conditions.

In accordance with Condition 5(c), the aggregate nominal amount of the Bonds called for redemption will be redeemed on 11 October 2021 (the "Optional Redemption Date") at the Make Whole Redemption Price, together with interest accrued to (but excluding) the Optional Redemption Date.

The Issuer appointed Chatham Financial Europe, Ltd (such appointment having been approved by the Trustee in accordance with Condition 5(c)) as the Financial Adviser for the purposes of (i) reporting the relevant price referred to in the definition of Make Whole Redemption Price and (ii) calculating the Gross Redemption Yield.

Following the calculation of the Make Whole Redemption Price in accordance with Condition 5(c) on the date of this notice, such date being the second business day in London prior to the Optional Redemption Date, the Make Whole Redemption Price per Calculation Amount is hereby confirmed as GBP1,024.96 amounting to a total of GBP225,296,431.03 in respect of all of the Bonds called for redemption. In addition, an amount equal to GBP11.15 per Calculation Amount in respect of interest accrued to (but excluding) the Optional Redemption Date shall be payable, amounting to a total of GBP2,450,128.73 in respect of all of the Bonds called for redemption.

In accordance with the Conditions, all of the Bonds called for redemption will be cancelled and may not be re-issued or resold.

For further information you may contact:

Daven Bhavsar, CFA

Vice President of Investor Relations

+1 (310) 887-3431

dbhavsar@kennedywilson.com

This notice, which is irrevocable, is given by Kennedy Wilson Europe Real Estate Limited on 7 October 2021.

This notice is released by the Issuer and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018) ("MAR"), encompassing information relating to the partial redemption of Bonds described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055 (as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018), this announcement is made by Padmini Singla, General Counsel, Europe of the Issuer.

LEI Number: 213800WIL553Z1T6DZ52

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCFLFVIIELDIIL

(END) Dow Jones Newswires

October 07, 2021 06:37 ET (10:37 GMT)

Kennedy Wil. 25 (LSE:61NM)
Historical Stock Chart
From Oct 2024 to Nov 2024

Kennedy Wil. 25 (LSE:61NM)
Historical Stock Chart
From Nov 2023 to Nov 2024