Sampo Oyj Sampo Plc Announces Indicative Results Of Its Cash Tender Offers
01 December 2020 - 6:35PM
Dow Jones News
TIDMSAMPO
NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, 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 OR IN OR INTO ANY OTHER
JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT
SAMPO PLC STOCK EXCHANGE RELEASE 1 December 2020 at 9:05
am
Sampo plc announces indicative results of its cash tender offers in
respect of its outstanding EUR 500,000,000 1.50 per cent. Notes due 16
September 2021, SEK 700,000,000 0.875 per cent. Notes due 23 May 2022,
SEK 1,300,000,000 Floating Rate Notes due 23 May 2022, EUR 750,000,000
1.00 per cent. Notes due 18 September 2023 and EUR 500,000,000 1.250 per
cent. Notes due 30 May 2025
This announcement is released by Sampo plc and contains inside
information for the purposes of Article 7 of the Market Abuse Regulation
(EU) 596/2014 ("MAR"), encompassing information relating to the 2021
Notes, 2022 Fixed Rate Notes, 2022 Floating Rate Notes, 2023 Notes and
2025 Notes described above (each as defined below). For the purposes of
MAR and Article 2 of the Commission Implementing Regulation (EU)
2016/1055, this announcement is made by Jarmo Salonen, the Head of
Investor Relations and Group Communications of Sampo plc.
Sampo plc (the "Issuer") today announces the indicative results of its
invitations to holders of its outstanding EUR 500,000,000 1.50 per cent.
Notes due 16 September 2021 (ISIN: XS1110299036) (the "2021 Notes"), SEK
700,000,000 0.875 per cent. Notes due 23 May 2022 (ISIN: XS1823483414)
(the "2022 Fixed Rate Notes"), SEK 1,300,000,000 Floating Rate Notes due
23 May 2022 (ISIN: XS1823484222) (the "2022 Floating Rate Notes"), EUR
750,000,000 1.00 per cent. Notes due 18 September 2023 (ISIN:
XS1520733301) (the "2023 Notes") and EUR 500,000,000 1.250 per cent.
Notes due 30 May 2025 (ISIN: XS1622193750) (the "2025 Notes") (together,
the "Securities" and each series of Securities, a "Series") to (i)
tender any and all of their 2023 Notes and (ii) to tender their 2021
Notes, 2022 Fixed Rate Notes, 2022 Floating Rate Notes and 2025 Notes up
to (subject as set out herein and allocated in the Issuer's sole
discretion) an aggregate principal amount of the Euro Equivalent of
EUR750,000,000 less the aggregate principal amount of the 2023 Notes
validly tendered and accepted for purchase, in each case for purchase by
the Issuer for cash.
Such invitations (the "Tender Offers") were announced on 23 November
2020 and were made on the terms and subject to the conditions and the
offer and distribution restrictions contained in the tender offer
memorandum dated 23 November 2020 (the "Tender Offer Memorandum")
prepared by the Issuer. Capitalised terms used and not otherwise
defined in this announcement have the meanings given thereto in the
Tender Offer Memorandum.
The Tender Offers
The Issuer hereby informs holders of the non-binding indicative results
of the Tender Offers. As at the Expiration Time, being 5:00 pm Central
European time on 30 November 2020, the Issuer had received valid tenders
for purchase pursuant to the Tender Offers of: (i) EUR 139,609,000 of
the 2021 Notes; (ii) SEK 582,000,000 of the 2022 Fixed Rate Notes; (iii)
SEK 1,050,000,000 of the 2022 Floating Rate Notes; (iv) EUR 228,448,000
of the 2023 Notes; and (v) EUR 127,161,000 of the 2025 Notes. The Issuer
expects that the principal amounts of the Securities accepted for
purchase will be as follows:
EUR 750,000,000 EUR 500,000,000
1.00 per EUR 500,000,000 SEK 700,000,000 SEK 1,300,000,000 1.250 per
cent. Notes 1.50 per cent. 0.875 per cent. Floating Rate cent. Notes
Description due 18 September Notes due 16 Notes due 23 Notes due due 30 May
of the Securities 2023 September 2021 May 2022 23 May 2022 2025
------------------- ----------------- --------------- ---------------- ----------------- ---------------
ISIN XS1520733301 XS1110299036 XS1823483414 XS1823484222 XS1622193750
------------------- ----------------- --------------- ---------------- ----------------- ---------------
Expected
Principal
Amounts
of the Securities
Accepted
for Purchase EUR 228,448,000 EUR 139,609,000 SEK 582,000,000 SEK1,050,000,000 EUR 127,161,000
------------------- ----------------- --------------- ---------------- ----------------- ---------------
Expected N/A N/A N/A N/A N/A
Scaling
Factor
------------------- ----------------- --------------- ---------------- ----------------- ---------------
Holders should note that this is a non-binding indication of the level
at which the Issuer expects to set the acceptance amount in respect of
each Series, and any Scaling Factor that may apply as a consequence. The
Issuer expects to accept all validly tendered Securities, without any
scaling or pro-ration.
Pricing
Pricing for the Tender Offers will take place at or around 2:00 pm
Central European time today (the "Pricing Time"). As soon as practicable
after the Pricing Time, the Issuer will announce whether it will accept
valid tenders of Securities pursuant to all or any of the Tender Offers
and, if so accepted, (i) the Final Acceptance Amount and, in respect of
each Series of Securities so accepted, the aggregate principal amount of
Securities of the relevant Series accepted, including details of any
Scaling Factors (in respect of the 2021 Notes, 2022 Fixed Rate Notes,
2022 Floating Rate Notes and 2025 Notes, if applicable) and the relevant
Tender Price and Accrued Interest, and (ii) in respect of the 2025 Notes,
the 2025 Notes Fixed Purchase Yield and the 2025 Notes Interpolated
Mid-Swap Rate.
The Settlement Date in respect of the Securities accepted for purchase
pursuant to the Tender Offers is expected to be 2 December 2020.
Contact information
Dealer Managers for the Tender Offers:
Citigroup Global Markets Limited
Telephone: +44 20 7986 8969
Attention: Liability Management Group
Email:
https://www.globenewswire.com/Tracker?data=by7UumA0V6ddWDjT_2XAMS7h4GroAEefP4TOEk3UFGC2oXM7oilVcDA5rFqb0jEiX7lf73ZPNkhlfwSYQXRgXNjPivppyKhFvFCAxiq-XtFyfc8VpI0oXopp-8v2F18U5wygzk3zStN8BtDKPPTLBg==
liabilitymanagement.europe@citi.com
Nordea Bank Abp
Telephone: +45 61612996
Attention: Nordea Liability Management
Email:
https://www.globenewswire.com/Tracker?data=ONAVZo-l8J3c5HUje7Yu9HT5fHmRQvkGDQQJ_UdKl7dkPPn2LDFJuW3a3-e3Q9GBaS5snHF2NvcnBUUoOVuAqZymQo09HLm6Blix8j3x_AGBIs8m6kHZITFTOKzu20Qxg0rU01ga6IXUv4DtpAP9IQ==
nordealiabilitymanagement@nordea.com
Tender Agent for the Tender Offers:
Lucid Issuer Services Limited
Telephone: +44 20 7704 0880
Attention: Paul Kamminga
Email:
https://www.globenewswire.com/Tracker?data=B9I9ESWSwi-YS5mXge9BX_Pi4CpIszVNYE3TFtuqg854Yq9uWaSkECoFWqf-bl-GlOVH54DizRKOMAVoMugBTfKhtK8L9PHCtJ2QSL4yGao=
sampo@lucid-is.com
Issuer:
SAMPO PLC
Maria Silander
Communications Manager, Media Relations
Telephone: +358 10 516 0031
Email:
https://www.globenewswire.com/Tracker?data=yhqs2j_MxzsZQofxVGvzCJG54GwZ7mfdLGjCuwG5pVBV4fvzHb8xh9sMlDJFqeALf6A78itBWn_EPniJ32zyJozQPVChtZJFaEZoNdrSXKI=
maria.silander@sampo.fi
Mirko Hurmerinta
Investor Relations and Communications Specialist
Telephone: +358 10 516 0032
Email:
https://www.globenewswire.com/Tracker?data=0s5ySigbjNTwhLdDvxkUtIRvCxsl8_JYy6prkEc5qoMF7Y7W11eJWMmuEdZcaUbj0RB4yZrCXxmFfZgqHzDIQDO-TacO1jDJmq5SvN_ZExoKAaTZSNC9UkbheEAtdiAb
mirko.hurmerinta@sampo.fi
DISCLAIMER:
The offer period for the Tender Offers has now expired. No further
tenders of any Securities may be made pursuant to the Tender Offers.
This announcement must be read in conjunction with the Tender Offer
Memorandum. No offer or invitation to acquire any securities is being
made pursuant to 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 comes are required by
each of the Issuer, the Dealer Managers and the Tender Agent to inform
themselves about, and to observe, any such restrictions.
Distribution:
Nasdaq Helsinki
London Stock Exchange
The principal media
Financial Supervisory Authority
https://www.globenewswire.com/Tracker?data=VGJ93Std-mJnyhnwDcncaSeM-wrFOpxbk4Bomx3nH0tkCC6bBMIIvd1RH7LgRUON75xweY0IINbYk9jiSpDFNw==
www.sampo.com
(END) Dow Jones Newswires
December 01, 2020 02:20 ET (07:20 GMT)
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