MCG Mobico Group Plc

TIDMNEX

RNS Number : 0272W

Merrill Lynch Intl (DTG) Syndicate

09 November 2017

9(th) November 2017

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

National Express Group PLC

Pre-stabilisation Period Announcement

Merrill Lynch International (contact: Joe Smith-Morgan ; telephone: 0044 207 9953966) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).

 
 The securities: 
--------------------------  -------------------------------------------- 
 Issuer:                     National Express Group PLC 
--------------------------  -------------------------------------------- 
 Guarantor (if               West Midlands Travel Limited 
  any): 
--------------------------  -------------------------------------------- 
 Aggregate nominal           EUR250mn 
  amount: 
--------------------------  -------------------------------------------- 
 Description:                2.5yr FRN 
--------------------------  -------------------------------------------- 
 Offer price:                IPTs @ 3mEUR+55a 
--------------------------  -------------------------------------------- 
 Other offer terms:          n/a 
--------------------------  -------------------------------------------- 
 Stabilisation: 
--------------------------  -------------------------------------------- 
 Stabilisation               Merrill Lynch International 
  Manager(s):                 Mitsubishi UFJ Securities International 
                              plc 
--------------------------  -------------------------------------------- 
 Stabilisation               9(th) November 2017 
  period expected 
  to start on: 
--------------------------  -------------------------------------------- 
 Stabilisation               9(th) December 2017 (30 days after the 
  period expected             commencement of the stabilisation period) 
  to end no later 
  than: 
--------------------------  -------------------------------------------- 
 Existence, maximum          The Stabilisation Manager(s) may over-allot 
  size and conditions         the securities to the extent permitted 
  of use of over-allotment    in accordance with applicable law. 
  facility: 
--------------------------  -------------------------------------------- 
 Stabilisation               Over the counter (OTC) 
  trading venue: 
--------------------------  -------------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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