Workspace Group PLC Notice of early redemption (4411X)
10 August 2018 - 4:00PM
UK Regulatory
TIDMWKP
RNS Number : 4411X
Workspace Group PLC
10 August 2018
RNS ANNOUNCEMENT
Not for distribution, directly or indirectly, in or into the
United States
Notice of early redemption by Workspace Group PLC (the "Issuer")
in respect of its issuance of GBP57,500,000 million 6.00 per cent
fixed rate bonds due 2019 (the "Bonds")
Workspace Group PLC has decided to exercise its option to redeem
early all of the outstanding Bonds. Set out below are details of
the notice of redemption, which is also being given to Bondholders
in accordance with the terms and conditions of the Bonds.
Notice of redemption:
WORKSPACE GROUP PLC (the "Issuer")
GBP57,500,000 million 6.00 per cent fixed rate bonds due 2019
(ISIN: XS0832324981) (the "Bonds") issued by the Issuer on 9
October 2012
NOTICE OF EARLY REDEMPTION
NOTICE IS HEREBY GIVEN to the Bondholders in accordance with the
terms and conditions of the Bonds (the "Conditions") that the
Issuer will redeem all of the Bonds then outstanding on 10
September 2018 (the "Optional Redemption Date") at the Redemption
Price, to be calculated on 6 September 2018 as specified in
Condition 5(c) of the Conditions (Redemption at the Option of the
Issuer).
Following such redemption, the Bonds will be cancelled and there
will be no Bonds outstanding. The Issuer intends to complete any
formalities relating to the delisting of the Bonds from the London
Stock Exchange as soon as possible following the redemption of the
outstanding Bonds on the Optional Redemption Date.
Capitalised terms used in this notice shall have the same
meanings as those ascribed to them in the Conditions.
By WORKSPACE GROUP PLC
Dated: 10 August 2018
For further information, please contact:
Workspace Group PLC
Clare Marland, Head of Corporate Communications 020 7138
3300
This announcement is made by Workspace Group 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 (the "MAR"), encompassing information
relating to the optional redemption of the Bonds described above.
For the purposes of MAR and Article 2 of Commission Implementing
Regulation (EU) 2016/1055, this announcement is made by Graham
Clemett, Director of Workspace Group PLC.
DISCLAIMER - INTENDED ADDRESSEES
This announcement is for information purposes only and is not a
prospectus and does not constitute an offer to subscribe for or buy
shares, the Bonds or other securities of the Issuer (the
"Securities") in any jurisdiction. This announcement and the fact
of its distribution is not and should not be seen as an inducement
in relation to a decision to purchase Securities.
The contents of this announcement have been prepared by and are
the sole responsibility of the Issuer.
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
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