TIDMSGRO
RNS Number : 6580S
SEGRO PLC
04 October 2017
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.
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR
RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS
(INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN
SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF
THE UNITED STATES OR THE DISTRICT OF COLUMBIA (the United States)
OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE
THIS ANNOUNCEMENT.
SEGRO plc (the Company)
LEI: 213800XC35KGM9NFC641
4 October 2017
SEGRO plc ANNOUNCES INDICATIVE RESULTS OF THE TENDER OFFERS
On 25 September 2017, SEGRO plc (the Company) launched separate
invitations to holders of its outstanding (a) 6.750 per cent. Notes
due 2021 (ISIN: XS0469028319) (the 2021 Notes), (b) 7.000 per cent.
Notes due 2022 (ISIN: XS0125077122) (the 2022 Notes), (c) 6.750 per
cent. Notes due 2024 (ISIN: XS0107099466) (the 2024 Notes), (d)
6.000 per cent. Notes due 2019 (ISIN: XS0179346274) (the 2019
Notes); and (e) 5.625 per cent. Notes due 2020 (ISIN: XS0236149877)
(the 2020 Notes) (the 2021 Notes, the 2022 Notes, the 2024 Notes,
the 2019 Notes and the 2020 Notes, together the Notes and each a
Series), to tender their Notes for purchase by the Company for cash
(each an Offer and together, the Offers), subject to applicable
offer and distribution restrictions.
Capitalised terms used and not otherwise defined in this
announcement have the meanings given in the tender offer memorandum
dated 25 September 2017 (the Tender Offer Memorandum).
The Company today announces that the indicative results of the
Offers are as follows:
Description of the Coupon ISIN / Common Code Aggregate Aggregate Indicative
Notes Principal Amount Principal Amount Scaling Factor
of Notes tendered of Notes expected (per cent.)
to be accepted
for purchase
------------------- ---------------- ------------------- ------------------ ------------------ ------------------
2021 Notes 6.750 per cent. XS0469028319 / GBP220,697,000 GBP220,697,000 Not Applicable
046902831
2022 Notes 7.000 per cent. XS0125077122 / GBP110,876,000 GBP110,876,000 Not Applicable
012507712
2024 Notes 6.750 per cent. XS0107099466 / GBP142,628,000 GBP142,628,000 Not Applicable
010709946
2019 Notes 6.000 per cent. XS0179346274 / GBP75,346,000 GBP75,346,000 Not Applicable
017934627
The Company does not intend to accept any of the 2020 Notes
tendered pursuant to the Offer.
The Company also announces that it has decided to increase the
Maximum Acceptance Amount to GBP549,547,000.
The Company will announce the final aggregate principal amount
of Notes of each Series accepted for purchase and the final scaling
factors (subject to satisfaction or waiver of the New Issue
Condition), as soon as reasonably practicable after the Pricing
Time.
The Offers remain subject to the conditions and restrictions set
out in the Tender Offer Memorandum. The Company is not under any
obligation to accept for purchase any Notes tendered pursuant to
the Offers. The acceptance for purchase by the Company of Notes
tendered pursuant to the Offers is at the sole discretion of the
Company and tenders may be rejected by the Company for any reason.
In addition, the Company may, in its sole discretion, extend,
re-open, amend or waive any condition of or terminate any Offer at
any time (subject to applicable law and as provided in the Tender
Offer Memorandum).
Whether the Company will purchase any Notes validly tendered in
the Offers is subject, without limitation, to the pricing of the
issue of the New Notes and the signing by the Company and the
respective Managers in respect of the New Issue of a subscription
agreement for the purchase of, and subscription for, the New Notes
(the New Issue Condition). The New Issue Condition may be waived by
the Company.
The Purchase Price in relation to each Series of Notes is
expected to be determined at or around 11.00 a.m. (London time)
today in the manner further described in the Tender Offer
Memorandum.
Subject to the satisfaction (or waiver) of the New Issue
Condition, the expected Tender Offer Settlement Date is 11 October
2017.
Full details concerning the Offers are set out in the Tender
Offer Memorandum.
Questions and requests for assistance in connection with the
Offers, may be directed to the Dealer Managers and the Tender
Agent, the contact details for both of which are set out below.
HSBC Bank plc (Telephone: +44 (0) 20 7992 6237; Attention:
Liability Management Group; Email: LM_EMEA@hsbc.com), Lloyds Bank
plc (Telephone+44 (0) 20 7158 1721; Attention: Liability Management
Group; Email: liability.management@lloydsbanking.com) and Banco
Santander, S.A. (Telephone+44 (0) 20 7756 6909 / 6646; Attention:
Liability Management; Email: tommaso.grospietro@santandergcb.com /
king.cheung@santandergcb.com) are acting as Dealer Managers, The
Royal Bank of Scotland plc (trading as NatWest Markets) is acting
as Co Dealer Manager and Lucid Issuer Services Limited (Telephone:
+44 20 7704 0880; Attention: David Shilson; Email:
segro@lucid-is.com) is acting as Tender Agent.
This announcement is released by SEGRO plc 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 (MAR), encompassing information relating
to the Offers described above. For the purposes of MAR and Article
2 of Commission Implementing Regulation (EU) 2016/1055, this
announcement is made by Elizabeth Blease, Group Company Secretary
of SEGRO plc.
DISCLAIMER This announcement must be read in conjunction with
the Tender Offer Memorandum. No offer or invitation to acquire or
sell any securities is being made pursuant to this announcement.
The Dealer Managers do not take responsibility for the contents of
this announcement. The distribution of this announcement and the
Tender Offer Memorandum in certain jurisdictions may be restricted
by law. Persons into whose possession this announcement and/or the
Tender Offer Memorandum come into are required by each of the
Company, the Dealer Managers and the Tender Agent to inform
themselves about, and to observe, any such restrictions.
Stephanie Murton
Legal Counsel
020 7451 9082
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUGGWPUUPMUMC
(END) Dow Jones Newswires
October 04, 2017 03:25 ET (07:25 GMT)
Segro (LSE:SGRO)
Historical Stock Chart
From Apr 2024 to May 2024
Segro (LSE:SGRO)
Historical Stock Chart
From May 2023 to May 2024