Anglo American PLC Result of Tender Offer (4668R)

TIDMAAL TIDM38JO

RNS Number : 4668R

Anglo American PLC

21 September 2017

Anglo American Capital plc announces final results and pricing of Tender Offers for certain of its Notes

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 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 OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS) OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT (SEE "DISTRIBUTION RESTRICTIONS" BELOW)

21 September 2017.

Further to its indicative results announcement earlier today, Anglo American Capital plc[1] (the "Company") announces the final results and pricing of its invitations to holders of such of its outstanding notes as are listed below (together, the "Notes") to tender to the Company for purchase by the Company for cash (the "Tender Offers") (i) any and all of the Any and All Notes listed below and (ii) the Capped Notes listed below for an aggregate consideration of up to the Capped Spend Amount, in each case upon the terms and subject to the conditions set out in the tender offer memorandum dated 13 September 2017 (the "Tender Offer Memorandum") prepared by the Company. The Tender Offers expired at 16:00 hours (London time) on 20 September 2017. Capitalised terms used but not defined in this announcement have the meanings given to them in the Tender Offer Memorandum.

The Company hereby announces it will accept for purchase all validly tendered Notes pursuant to the Tender Offers on the basis of (i) the Any and All Notes Acceptance Amount; and (ii) the Series Acceptance Amounts for each series of Capped Notes set out in the table below, which also includes the relevant Purchase Price, Accrued Interest and, in respect of the Fixed Spread Notes accepted for purchase, the relevant Reference Rate:

 
      Notes             ISIN        Reference    Purchase    Purchase    Purchase        Series       Pro-Rating   Accrued      Aggregate 
                                       Rate        Yield      Spread       Price       Acceptance       Factor     Interest   nominal amount 
                                                                                        Amounts                                outstanding 
                                                                                                                                after the 
                                                                                                                                Settlement 
                                                                                                                                   Date 
-----------------  --------------  -----------  ----------  ----------  ----------  ---------------  -----------  ---------  --------------- 
 Any and All 
 Notes 
-----------------  --------------  -----------  ----------  ----------  ----------  ---------------  -----------  ---------  --------------- 
  EUR600,000,000 
  1.500 per cent. 
    Notes due 1 
    April 2020                                                            103.661 
  (the "Notes due                   -0.106 per   0.044 per                  per                                    0.73 per 
   April 2020")     XS1211292484       cent.       cent.      15 bps       cent.     EUR394,631,000      N/A        cent.     EUR205,369,000 
-----------------  --------------  -----------  ----------  ----------  ----------  ---------------  -----------  ---------  --------------- 
 Capped Notes 
-----------------  --------------  -----------  ----------  ----------  ----------  ---------------  -----------  ---------  --------------- 
  EUR750,000,000 
  2.500 per cent. 
   Notes due 18 
  September 2018 
  (the "Notes due                                 -0.150                  102.603 
     September                                      per                     per                                    0.05 per 
      2018")        XS0830380639       N.A.        cent.       N.A.        cent.     EUR88,948,000       N.A.       cent.     EUR159,832,000 
-----------------  --------------  -----------  ----------  ----------  ----------  ---------------  -----------  ---------  --------------- 
  EUR750,000,000 
  2.750 per cent. 
    Notes due 7 
     June 2019                                    -0.100                  104.848 
  (the "Notes due                                   per                     per                                    0.83 per 
    June 2019")     XS0789283792       N.A.        cent.       N.A.        cent.     EUR216,508,000      N.A.       cent.     EUR357,496,000 
-----------------  --------------  -----------  ----------  ----------  ----------  ---------------  -----------  ---------  --------------- 
  EUR600,000,000 
  2.875 per cent. 
   Notes due 20 
   November 2020                                                          108.479 
  (the "Notes due                   -0.024 per   0.176 per                  per                                    2.43 per 
  November 2020")   XS0995040051       cent.       cent.      20 bps       cent.     EUR245,723,000      N.A.       cent.     EUR354,277,000 
-----------------  --------------  -----------  ----------  ----------  ----------  ---------------  -----------  ---------  --------------- 
 

Settlement

Settlement of the Tender Offers and payment of the Tender Consideration in respect of Notes accepted for purchase is expected to take place on 25 September 2017.

Notes that have not been tendered or accepted for purchase pursuant to the Tender Offers will remain outstanding.

Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, MUFG Securities EMEA plc and UniCredit Bank AG are acting as Joint Dealer Managers for the Tender Offers and Lucid Issuer Services Limited is acting as Tender Agent.

 
                                 JOINT DEALER MANAGERS 
 
       Commerzbank Aktiengesellschaft               Crédit Agricole Corporate 
                                                          and Investment Bank 
         Mainzer Landstrasse 151-153                   12, Place des Etats-Unis 
           DLZ-Geb. 1, CC-APM DCM                              CS 70052 
                    Bonds 
           60327 Frankfurt am Main                      92547 Montrouge Cedex 
         Federal Republic of Germany                            France 
 
            Tel: [phone]                       Tel: [phone] 
       Attention: Liability Management             Attention: Liability Management 
 Email: [e-mail]    Email: [e-mail] 
 
          MUFG Securities EMEA plc                        UniCredit Bank AG 
               Ropemaker Place                            Arabellastrasse 12 
             25 Ropemaker Street                            D-81925 Munich 
               London EC2Y 9AJ                                  Germany 
                United Kingdom 
 
          Tel: [phone]/+44                     Tel: [phone] 
                 207 577 4218                       Attention: Liability Management 
       Attention: Liability Management             Email: [e-mail] 
                    Group 
         Email: [e-mail] 
 
 
 
                                     THE TENDER AGENT 
 
                             Lucid Issuer Services Limited 
                                    Tankerton Works 
                                     12 Argyle Walk 
                                    London WC1H 8HA 
                                     United Kingdom 
                                 Tel: [phone] 
                       Attention: Thomas Choquet / David Shilson 
                           Email: [e-mail] 
 
 
 
 

This announcement is released by Anglo American Capital 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 Tender Offers described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by John Mills (Group Company Secretary) at Anglo American Capital plc.

DISCLAIMER

Subject to applicable law, the Company or any of its affiliates may at any time following completion of the Tender Offers purchase remaining outstanding Notes by tender, in the open market, by private agreement or otherwise on such terms and at such prices as the Company, or if applicable, its affiliates may determine. Such terms, consideration and prices may be more or less favourable than those offered pursuant to the Tender Offers.

This announcement must be read in conjunction with the Tender Offer Memorandum. If any Noteholder is in any doubt as to the content of this announcement or the Tender Offer Memorandum or the action it should take, it is recommended to seek its own financial advice, including in respect of any tax consequences, from its broker, bank manager, solicitor, accountant or other independent financial, tax or legal adviser.

DISTRIBUTION RESTRICTIONS

The distribution of this announcement and/or 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 Company, the Joint Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions. Neither this announcement nor the Tender Offer Memorandum constitutes an offer to buy or the solicitation of an offer to sell Notes or an invitation to participate in the Tender Offers.

[1] (LEI TINT358G1SSHR3L3PW36)

This information is provided by RNS

The company news service from the London Stock Exchange

END

RTELBMJTMBMTBIR

(END) Dow Jones Newswires

September 21, 2017 09:25 ET (13:25 GMT)