We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Name | Symbol | Market | Type |
|---|---|---|---|
| Bp Cap 29 | LSE:74WM | London | Medium Term Loan |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 103.798 | 0 | 01:00:00 |
From Apr 2019 to Apr 2024
TIDM74WM
RNS Number : 2888Z
BP Capital Markets PLC
17 September 2020
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 OF AMERICA, 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 IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT (SEE "OFFER AND DISTRIBUTION RESTRICTIONS" BELOW).
BP Capital Markets p.l.c. announces tender offers for certain series of its Euro and Sterling denominated Notes
17 September 2020
BP Capital Markets p.l.c. (the Offeror) today announces separate invitations to holders of its outstanding (i) EUR1,250,000,000 1.373 per cent. Guaranteed Notes due 2022 (ISIN: XS1375956569) (the March 2022 Notes), (ii) EUR1,150,000,000 1.526 per cent. Guaranteed Notes due 2022 (ISIN: XS1114477133) (the September 2022 Notes), (iii) EUR1,250,000,000 1.109 per cent. Guaranteed Notes due 2023 (ISIN: XS1190973559) (the February 2023 Notes), (iv) GBP650,000,000 1.177 per cent. Guaranteed Notes due 2023 (ISIN: XS1475051162) (the August 2023 Notes), (v) EUR925,000,000 1.117 per cent. Guaranteed Notes due 2024 (ISIN: XS1527126772) (the January 2024 Notes), (vi) EUR1,000,000,000 1.876 per cent. Guaranteed Notes due 2024 (ISIN: XS2135797202) (the April 2024 Notes), (vii) EUR1,000,000,000 0.900 per cent. Guaranteed Notes due 2024 (ISIN: XS1851277969) (the July 2024 Notes), (viii) EUR850,000,000 0.830 per cent. Guaranteed Notes due 2024 (ISIN: XS1492671158) (the September 2024 Notes), (ix) GBP400,000,000 2.030 per cent. Guaranteed Notes due 2025 (ISIN: XS1566187214) (the February 2025 Notes), (x) EUR750,000,000 1.953 per cent. Guaranteed Notes due 2025 (ISIN: XS1375957294) (the March 2025 Notes); (xi) EUR850,000,000 1.077 per cent. Guaranteed Notes due 2025 (ISIN: XS1637863629) (the June 2025 Notes); (xii) GBP400,000,000 1.827 per cent. Guaranteed Notes due 2025 (ISIN: XS1992928116) (the September 2025 Notes); and (xiii) EUR900,000,000 1.594 per cent. Guaranteed Notes due 2028 (ISIN: XS1851278777) (the 2028 Notes and, together with the March 2022 Notes, the September 2022 Notes, the February 2023 Notes, the August 2023 Notes, the January 2024 Notes, the April 2024 Notes, the July 2024 Notes, the September 2024 Notes, the February 2025 Notes, the March 2025 Notes, the June 2025 Notes and the September 2025 Notes, the Notes and each a Series), to tender their Notes for purchase by the Offeror for cash (each such invitation an Offer and together the Offers).
The Offers are being made on the terms and subject to the conditions contained in the tender offer memorandum dated 17 September 2020 (the Tender Offer Memorandum) prepared by the Offeror, and are subject to the offer restrictions set out below and as more fully described in the Tender Offer Memorandum.
Copies of the Tender Offer Memorandum are (subject to distribution restrictions) available from the Tender Agent as set out below. Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.
Summary of the Offers
Hot Features
Premium
First
Optional Relevant Benchmark Target
Priority ISIN / Outstanding Call Rate or Benchmark Purchase Purchase Consideration
Level Notes Coupon Common Code Nominal Amount Date Security Spread Yield(1) Amount
--------- ---------- ------- ------------- ----------------- --------- --------------------- --------- --------- -----------------
1 March 1.373% XS1375956569 EUR1,250,000,000 N/A N/A N/A -0.35 Subject as set
2022 / 137595656 per out in the
Notes cent. Tender Offer
Memorandum, an
aggregate
nominal amount
of Notes such
that the total
amount payable
for such Notes
(or, where
applicable, its
Euro Equivalent)
is
up to
EUR3,500,000,000
(excluding for
payment of
Accrued Interest
(as defined in
the Tender
Offer
Memorandum) in
respect of Notes
accepted for
purchase)
--------- ---------- ------- ------------- ----------------- --------- --------------------- --------- ---------
September -0.30
2022 XS1114477133 per
1 Notes 1.526% / 111447713 EUR1,150,000,000 N/A N/A N/A cent.
--------- ---------- ------- ------------- ----------------- --------- --------------------- --------- ---------
February -0.30
2023 XS1190973559 per
1 Notes 1.109% / 119097355 EUR1,250,000,000 N/A N/A N/A cent.
--------- ---------- ------- ------------- ----------------- --------- --------------------- --------- ---------
1 August 1.177% XS1475051162 GBP650,000,000 12 May 2.25 per cent. UK 25 bps N/A
2023 / 147505116 2023 Treasury Gilt due
Notes September 2023
(ISIN: GB00B7Z53659)
--------- ---------- ------- ------------- ----------------- --------- --------------------- --------- ---------
1 January 1.117% XS1527126772 EUR925,000,000 25 January 2024 Notes 20 bps N/A
2024 / 152712677 October Interpolated
Notes 2023 Mid-Swap Rate
--------- ---------- ------- ------------- ----------------- --------- --------------------- --------- ---------
1 July 2024 0.900% XS1851277969 EUR1,000,000,000 N/A July 2024 Notes 30 bps N/A
Notes / 185127796 Interpolated
Mid-Swap Rate
--------- ---------- ------- ------------- ----------------- --------- --------------------- --------- ---------
2 April 1.876% XS2135797202 EUR1,000,000,000 N/A April 2024 Notes 35 bps N/A
2024 / 213579720 Interpolated
Notes Mid-Swap Rate
--------- ---------- ------- ------------- ----------------- --------- --------------------- --------- ---------
2 September 0.830% XS1492671158 EUR850,000,000 19 June September 2024 Notes 35 bps N/A
2024 / 149267115 2024 Interpolated
Notes Mid-Swap Rate
--------- ---------- ------- ------------- ----------------- --------- --------------------- --------- ---------
2 February 2.030% XS1566187214 GBP400,000,000 N/A 5.00 per cent. UK 50 bps N/A
2025 / 156618721 Treasury Gilt due
Notes March 2025 (ISIN:
GB0030880693)
--------- ---------- ------- ------------- ----------------- --------- --------------------- --------- ---------
2 March 1.953% XS1375957294 EUR750,000,000 N/A March 2025 Notes 40 bps N/A
2025 / 137595729 Interpolated
Notes Mid-Swap Rate
--------- ---------- ------- ------------- ----------------- --------- --------------------- --------- ---------
2 June 2025 1.077% XS1637863629 EUR850,000,000 26 March June 2025 Notes 40 bps N/A
Notes / 163786362 2025 Interpolated
Mid-Swap Rate
--------- ---------- ------- ------------- ----------------- --------- --------------------- --------- ---------
2 September 1.827% XS1992928116 GBP400,000,000 N/A 2.00 per cent. UK 60 bps N/A
2025 / 199292811 Treasury Gilt due
Notes September 2025
(ISIN: GB00BTHH2R79)
2028 Notes
2028 XS1851278777 Interpolated
2 Notes 1.594% / 185127877 EUR900,000,000 N/A Mid-Swap Rate 75 bps N/A
1. For information purposes only, the applicable Purchase Price, when determined in the manner
described in the Tender Offer Memorandum on the basis of a Settlement Date of 29 September
2020, will be (i) in respect of the March 2022 Notes, 102.466 per cent., (ii) in respect of
the September 2022 Notes, 103.653 per cent. and (iii) in respect of the February 2023 Notes,
103.374 per cent. Should the Settlement Date in respect of any Series of Fixed Purchase Yield
Notes accepted for purchase pursuant to the relevant Offer(s) differ from 29 September 2020,
the relevant Purchase Price in respect of such Series of Fixed Purchase Yield Notes will be
recalculated, all as further described in the Tender Offer Memorandum.
Rationale for the Offers
The Offers allow the Offeror to manage its bond redemption profile, and are consistent with the Offeror's priority to maintain a strong, resilient balance sheet as detailed in the recent Q2 results and strategy presentation.
The Offeror intends to cancel all Notes it purchases pursuant to the relevant Offer(s).
Purchase Prices and Accrued Interest
In respect of each Series, for any Notes of the relevant Series validly tendered and accepted for purchase by the Offeror pursuant to the relevant Offer, the Offeror will pay a purchase price for such Notes (each a Purchase Price) to be determined:
(a) in the case of each Series of Fixed Purchase Yield Notes, in the manner described in the Tender Offer Memorandum by reference to the relevant Purchase Yield specified in the table above; or
(b) at or around (1) 9.00 a.m. (London time) on 25 September 2020 (the Sterling Pricing Time) in the case of each Series of Sterling-denominated Notes; and (2) 11.00 a.m. (London time) on 25 September 2020 (the Euro Pricing Time) in the case of each other Series of Fixed Purchase Spread Notes, in each case in accordance with standard market practice by reference to the sum (such sum being annualised in the case of the September 2025 Notes) (each such sum, together with the relevant Purchase Yield specified in the table above in respect of the relevant Series of Fixed Purchase Yield Notes, a Purchase Yield) of:
(i) the relevant Purchase Spread specified in the table above; and (ii) the relevant Benchmark Rate.
Each Purchase Price will be determined in accordance with market convention and expressed as a percentage of the nominal amount of the Notes of the relevant Series accepted for purchase pursuant to the relevant Offer (rounded to the nearest 0.001 per cent., with 0.0005 per cent. rounded upwards), and is intended to reflect (I) in the case of the August 2023 Notes, the January 2024 Notes, the September 2024 Notes and the June 2025 Notes, a yield to the first optional call date for the relevant Series (as specified in the table above) on the Settlement Date based on the relevant Purchase Yield or (II) in the case of each other Series, a yield to maturity of the Notes of the relevant Series on the Settlement Date based on the relevant Purchase Yield. Specifically, the Purchase Price applicable to the Notes of a particular Series will equal (a) the value of all remaining payments of principal and interest on the relevant Series up to and including (in the case of the August 2023 Notes) 12 May 2023, (in the case of the January 2024 Notes) 25 October 2023, (in the case of the September 2024 Notes) 19 June 2024, (in the case of the June 2025 Notes) 26 March 2025 or (in the case of each other Series) the scheduled maturity date of the relevant Series, in each case discounted to the Settlement Date at a discount rate equal to the relevant Purchase Yield, minus (b) Accrued Interest for such Series. For the avoidance of doubt, the Purchase Yield for the September 2025 Notes will be annualised to match the coupon frequency of the September 2025 Notes.
The Offeror will also pay an Accrued Interest Payment in respect of any Notes accepted for purchase pursuant to the relevant Offer(s).
Target Consideration Amount, Final Consideration Amount and Priority of Acceptance
Target Consideration Amount and Final Consideration Amount
If the Offeror decides to accept any validly tendered Notes for purchase pursuant to the relevant Offer(s), it proposes to accept for purchase an aggregate nominal amount of such Notes such that the total amount payable by it for all such Notes accepted for purchase pursuant to the relevant Offer(s) (excluding all Accrued Interest Payments in respect of such Notes accepted for purchase), converted (where applicable) into the Euro Equivalent at the Applicable Sterling/Euro Exchange Rate, is up to EUR3,500,000,000 (the Target Consideration Amount), although the Offeror reserves the right, in its sole discretion, to allocate a significantly lower or a significantly higher amount for the purchase of Notes pursuant to the relevant Offer(s) (the final amount so allocated for the purchase of Notes being the Final Consideration Amount).
Priority of Acceptance
If the Offeror decides to accept any Notes for purchase pursuant to the relevant Offer(s), it proposes to accept Notes validly tendered for purchase pursuant to the relevant Offer(s) in the order of the related Priority Level set out in the table above (each a Priority Level), beginning with the Notes with Priority Level 1. The Offeror does not intend to accept any valid tenders of Notes shown in the table above with a Priority Level of 2 unless it has accepted all valid tenders of Notes shown in the table above with a Priority Level of 1 in full, with no pro rata scaling. The final aggregate amount payable for all Notes accepted for purchase in respect of each Priority Level (excluding all Accrued Interest Payments in respect of such Notes accepted for purchase), converted (where applicable) into the Euro Equivalent at the Applicable Sterling/Euro Exchange Rate, is referred to as a Priority Level Consideration Amount.
The aggregate nominal amount of Priority Level 1 Notes and Priority Level 2 Notes outstanding is approximately EUR6.3 billion and EUR5.2 billion, respectively.
The Offeror will determine the allocation of a Priority Level Consideration Amount between each Series with the relevant Priority Level in its sole discretion, and reserves the right to accept significantly more or significantly less (or none) of any Series as compared to any other Series with the same Priority Level (the final aggregate nominal amount of each Series (if any) accepted for purchase pursuant to the relevant Offer being a Series Acceptance Amount).
Scaling
In respect of each Series, if the Offeror decides to accept any validly tendered Notes of such Series for purchase pursuant to the relevant Offer and the aggregate nominal amount of the relevant Series validly tendered for purchase is greater than the relevant Series Acceptance Amount, the Offeror intends to accept such Notes for purchase on a pro rata basis such that the aggregate nominal amount of such Series accepted for purchase pursuant to the relevant Offer is no greater than such Series Acceptance Amount, as further described in the Tender Offer Memorandum.
Tender Instructions
In order to participate in, and be eligible to receive the relevant Purchase Price and Accrued Interest Payment pursuant to the relevant Offer, Noteholders must validly tender their Notes by delivering, or arranging to have delivered on their behalf, a valid Tender Instruction that is received by the Tender Agent by 4.00 p.m. (London time) on 24 September 2020, unless extended, re-opened, amended and/or terminated as provided in the Tender Offer Memorandum (the Expiration Deadline).
Tender Instructions will be irrevocable except in the limited circumstances described in the Tender Offer Memorandum.
Tender Instructions must be submitted in respect of a minimum nominal amount of Notes of the relevant Series of no less than the minimum denomination for such Series, being EUR100,000 in the case of each Series of Euro-denominated Notes and GBP100,000 in the case of each Series of Sterling-denominated Notes, and may thereafter be submitted in integral multiples of the relevant permitted integral multiple amount for such Series, being EUR1,000 in the case of each Series of Euro-denominated Notes and GBP1,000 in the case of each Series of Sterling-denominated Notes. A separate Tender Instruction must be completed on behalf of each beneficial owner and in respect of each Series.
Indicative Timetable for the key events relating to the Offers
Events Times and Dates
(All times are London time)
Commencement of the Offers
Offers announced. Tender Offer Memorandum available from Thursday, 17 September 2020
the Tender Agent.
Expiration Deadline
Final deadline for receipt of valid Tender Instructions 4.00 p.m. on Thursday, 24 September 2020
by the Tender Agent in order for Noteholders
to be able to participate in the Offers.
Announcement of Indicative Results
Announcement by the Offeror of a non-binding indication Prior to the Sterling Pricing Time on Friday, 25
of the level at which it expects to September 2020
set each Series Acceptance Amount, and indicative details
of any Scaling Factor applicable
to valid tenders of Notes of each relevant Series that
will be applied in the event that it
decides to accept valid tenders of Notes of such Series
pursuant to the relevant Offer(s).
Sterling Pricing Time
In respect of each Series of Sterling-denominated Notes, At or around 9.00 a.m. on Friday, 25 September 2020
determination of each applicable
Benchmark Rate, each applicable Purchase Yield and each
applicable Purchase Price.
Euro Pricing Time
In respect each other Series of Fixed Purchase Spread At or around 11.00 a.m. on Friday, 25 September 2020
Notes, determination of each applicable
Benchmark Rate, each applicable Purchase Yield and each
applicable Purchase Price.
Announcement of Results and Pricing
Announcement of whether the Offeror will accept valid As soon as reasonably practicable after the Euro Pricing
tenders of Notes pursuant to all or Time on Friday, 25 September 2020
any of the Offers and, if so accepted, each Series
Acceptance Amount, the Purchase Yield for
each Series of Fixed Purchase Spread Notes, each
Benchmark Rate, each Purchase Price, the
Applicable Sterling/Euro Exchange Rate and any Scaling
Factors that will be applied to Notes
of any Series.
Settlement Date
Expected Settlement Date for the Offers. Tuesday, 29 September 2020
The times and dates above are indicative only. The Offeror may, in its sole discretion, extend, re-open, amend, waive any condition of or terminate any Offer at any time (subject to applicable law and as provided in the Tender Offer Memorandum) and the above times and dates are subject to the right of the Offeror to so extend, re-open, amend and/or terminate any Offer. Accordingly, the actual timetable may differ significantly from the timetable above. Noteholders are advised to check with any broker, dealer, bank, custodian, trust company, nominee or other intermediary through which they hold Notes when such intermediary would need to receive instructions from a Noteholder in order for that Noteholder to be able to participate in, or (in the limited circumstances in which revocation is permitted) revoke their instruction to participate in, an Offer before the deadlines set out above. The deadlines set by any such intermediary and each Clearing System for the submission and (where permitted) withdrawal of Tender Instructions will be earlier than the relevant deadlines set out above and in the Tender Offer Memorandum.
Unless stated otherwise, announcements in connection with the Offers will be made (i) by publication through RNS and (ii) by the delivery of notices to the Clearing Systems for communication to Direct Participants. Such announcements may also be made on the relevant Reuters Insider Screen and by the issue of a press release to a Notifying News Service. Copies of all such announcements, press releases and notices can also be obtained upon request from the Tender Agent, the contact details for which are below. Significant delays may be experienced where notices are delivered to the Clearing Systems and Noteholders are urged to contact the Tender Agent for the relevant announcements during the course of the Offers.
Noteholders are advised to read carefully the Tender Offer Memorandum for full details of, and information on the procedures for, participating in the Offers.
Questions and requests for assistance in connection with (i) the Offers may be directed to the Dealer Managers, and (ii) the delivery of Tender Instructions may be directed to the Tender Agent, the contact details for each of which are set out below.
DEALER MANAGERS
Deutsche Bank AG, London Branch MUFG Securities EMEA plc
Winchester House Ropemaker Place
1 Great Winchester Street 25 Ropemaker Street
London EC2N 2DB London EC2Y 9AJ
United Kingdom United Kingdom
Telephone: +44 20 7545 8011 Telephone: +44 20 7577 4218
Attention: Liability Management Group Attention: Liability Management Group
Email: liability.management@mufgsecurities.com
TER AGENT
Lucid Issuer Services Limited
Tankerton Works
12 Argyle Walk
London WC1H 8HA
United Kingdom
Telephone: +44 20 7704 0880
Attention: Arlind Bytyqi
Email: bp@lucid-is.com
This announcement is released by the Offeror 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 Gary Admans, Head of Liquidity and Capital Markets at the Parent.
LEI Number: 549300CRVT18MXX0AG93
DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum. This announcement and the Tender Offer Memorandum contain important information which should be read carefully before any decision is made with respect to the Offers. If any Noteholder is in any doubt as to the contents of 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. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee must contact such entity if it wishes to tender such Notes pursuant to the Offers. None of the Offeror, BP p.l.c. (the Parent), the Dealer Managers or the Tender Agent or any of their respective directors, employees or affiliates makes any recommendation whether Noteholders should tender Notes pursuant to the Offers.
Offer and 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 come(s) are required by each of the Offeror, the Parent, the Dealer Managers and the Tender Agent to inform themselves about, and to observe, any such restrictions. Nothing in this announcement nor the Tender Offer Memorandum constitutes an offer to buy or a solicitation of an offer to sell Notes (and tenders of Notes in the Offers will not be accepted from any Noteholders) in any circumstances in which such offer or solicitation is unlawful. In those jurisdictions where the securities, blue sky or other laws require an Offer to be made by a licensed broker or dealer and any Dealer Manager or any of the Dealer Managers' respective affiliates is such a licensed broker or dealer in any such jurisdiction, such Offer shall be deemed to be made by such Dealer Manager or such affiliate, as the case may be, on behalf of the Offeror in such jurisdiction.
United States
The Offers are not being made, and will not be made, directly or indirectly in or into, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of or of any facilities of a national securities exchange of, the United States. This includes, but is not limited to, facsimile transmission, electronic mail, telex, telephone, the internet and other forms of electronic communication. The Notes may not be tendered in the Offers by any such use, means, instrumentality or facility from or within the United States or by persons located or resident in the United States. Accordingly, copies of this announcement, the Tender Offer Memorandum and any other documents or materials relating to the Offers are not being, and must not be, directly or indirectly mailed or otherwise transmitted, distributed or forwarded (including, without limitation, by custodians, nominees or trustees) in or into the United States or to any persons located or resident in the United States. Any purported tender of Notes in the Offers resulting directly or indirectly from a violation of these restrictions will be invalid and any purported tender of Notes made by a person located in the United States or any agent, fiduciary or other intermediary acting on a non-discretionary basis for a principal giving instructions from within the United States will be invalid and will not be accepted.
Each Noteholder participating in an Offer will represent that it is not located in the United States and is not participating in such Offer from the United States, or it is acting on a non-discretionary basis for a principal located outside the United States that is not giving an order to participate in such Offer from the United States. For the purposes of this and the above paragraph, United States means the United States of America, 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 of America and the District of Columbia.
Italy
None of the Offers, this announcement, the Tender Offer Memorandum or any other document or materials relating to the Offers have been or will be submitted to the clearance procedures of the Commissione Nazionale per le Società e la Borsa (CONSOB) pursuant to Italian laws and regulations. Each Offer is being carried out in Italy as an exempted offer pursuant to article 101-bis, paragraph 3-bis of the Legislative Decree No. 58 of 24 February 1998, as amended (the Financial Services Act) and article 35-bis, paragraph 4 of CONSOB Regulation No. 11971 of 14 May 1999, as amended. Noteholders or beneficial owners of the Notes that are located in Italy can tender Notes for purchase in the Offers through authorised persons (such as investment firms, banks or financial intermediaries permitted to conduct such activities in the Republic of Italy in accordance with the Financial Services Act, CONSOB Regulation No. 20307 of 15 February 2018 , as amended from time to time, and Legislative Decree No. 385 of 1 September 1993, as amended) and in compliance with applicable laws and regulations or with requirements imposed by CONSOB or any other Italian authority.
Each intermediary must comply with the applicable laws and regulations concerning information duties vis-à-vis its clients in connection with the Notes and/or the Offers.
United Kingdom
The communication of this announcement, the Tender Offer Memorandum and any other documents or materials relating to the Offers is not being made and such documents and/or materials have not been approved by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000. Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or materials as a financial promotion is only being made to those persons in the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the Financial Promotion Order)) or persons who are within Article 43 of the Financial Promotion Order or any other persons to whom it may otherwise lawfully be made under the Financial Promotion Order.
France
The Offers are not being made, directly or indirectly, to the public in the Republic of France (France). Neither this announcement, the Tender Offer Memorandum nor any other document or material relating to the Offers have been or shall be distributed in France to qualified investors as defined in Article 2(e) of Regulation (EU) 2017/1129. Neither this announcement nor the Tender Offer Memorandum have been or will be submitted for clearance to nor approved by the Autorité des marches financiers.
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
TENLRMRTMTBBMPM
(END) Dow Jones Newswires
September 17, 2020 03:21 ET (07:21 GMT)
1 Year Bp Cap 29 Chart |
1 Month Bp Cap 29 Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
