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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Segro Plc | LSE:SGRO | London | Ordinary Share | GB00B5ZN1N88 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -5.60 | -0.66% | 843.40 | 843.20 | 843.80 | 853.60 | 835.80 | 847.40 | 4,472,635 | 16:35:16 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Agents & Mgrs | 749M | -253M | -0.2084 | -40.46 | 10.24B |
From Apr 2019 to Apr 2024
TIDMSGRO
RNS Number : 7170G
SEGRO PLC
31 May 2017
31 May 2017
Redemption of GBP200 million 5.50 per cent Notes due 2018 ("the notes")
(ISIN: XS0221323693)
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE.
SEGRO (or "the Company") announces that it has today given notice to the holders of the Notes that it will fully redeem all of the Notes outstanding on 16 June 2017 in accordance with Condition 6.3 of the Notes. The Notes will be redeemed at their Redemption Amount of GBP210,364,000, together with accrued interest. This represents a premium of approximately GBP10 million above the nominal value of the Notes.
The redemption of the Notes forms part of a refinancing exercise currently being undertaken by SEGRO that is intended to extend SEGRO's debt maturity profile and reduce the overall cost of its debt. As part of this exercise, the Company is in advanced discussions with a number of US institutional investors in relation to a potential issue of private placement notes.
Following redemption, the Notes will be cancelled pursuant to Condition 6.7 of the Notes. Accordingly, the listing of the Notes on the Official List of the FCA and the admission of the Notes to trading on the Regulated Market of the London Stock Exchange plc will be cancelled on, or shortly after, 29 June 2017.
ENDS
For further information, please contact:
Harry Stokes (Head of Investor Relations and Research)
Tel: +44 (0) 20 7451 9124 / harry.stokes@segro.com
Notes to Editors:
ABOUT SEGRO
SEGRO is a UK Real Estate Investment Trust (REIT), and a leading owner, manager and developer of modern warehouses and light industrial property. It owns or manages 6.4 million square metres (69 million square feet) of space valued at GBP8 billion, serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in nine other European countries.
See www.SEGRO.com for further information.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCBBGDUXUXBGRB
(END) Dow Jones Newswires
May 31, 2017 07:55 ET (11:55 GMT)
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