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Name | Symbol | Market | Type |
---|---|---|---|
Morrison.wm 31 | LSE:91WZ | 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% | 0 | - |
TIDM91WZ
RNS Number : 4419V
Morrison(Wm.)Supermarkets PLC
13 December 2021
Date: 13 December 2021
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION TO ANY PERSON LOCATED OR
RESIDENT IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS
ANNOUNCEMENT. OTHER RESTRICTIONS APPLY (SEE "OFFER AND DISTRIBUTION
RESTRICTIONS" BELOW).
ANNOUNCEMENT OF FINAL RESULTS OF PUT RIGHTS IN RELATION TO
WM MORRISON SUPERMARKETS LIMITED'S NOTES DUE 2023, 2026, 2029 AND 2031
Reference is made to (w) the Market Bidco Limited (the "Offeror") announcement dated 21 October 2021 relating to the ( a ) invitations by the Offeror to the Noteholders of each Series of Notes referred to below issued by Wm Morrison Supermarkets Limited (formerly Wm Morrison Supermarkets Plc) (the "Company") and guaranteed by Safeway Limited to tender the Notes for purchase by the Offeror or, if directed by the Offeror, the Company or any of its affiliates, for cash at the relevant Purchase Price plus the Early Tender Premium or Early Consent Premium, as applicable, and ( b ) solicitations by the Offeror, as agent of the Company, for the approval by the Noteholders, by extraordinary resolution at meetings convened by the Company, of ( i ) the Change of Control Waiver and ( ii ) certain modifications to the Conditions of each Series of Notes to grant a new Put Right to the Noteholders of such Series of Notes in connection with the Acquisition, in each case subject to the Transaction Conditions being satisfied or waived by the Offeror, (x) the Offeror's announcement dated 27 October 2021 relating to (a) increases by the Offeror of the Early Tender Premium and (b) extensions by the Offeror of the timetable for the Offers and Proposals in relation to the Notes, (y) the Offeror's announcement dated 16 November 2021 relating to the Offers and Proposals as of the Early Deadline and (z) the Offeror's announcement dated 1 December 2021 relating to the final results of the Offers and Proposals.
Capitalised terms used in this announcement but not otherwise defined have the meanings given to them in the tender offer and consent solicitation memorandum, dated 21 October 2021 (the "Tender Offer and Consent Solicitation Memorandum"), which is available, subject to certain restrictions, on the following website: www.lucid -is.com/morrison
Final Results of Put Rights
The deadline to exercise the Put Right in respect of each Series of Notes following a five-calendar-day put period expired on 6 December 2021 at 4:00 p.m., London time (the "Put Right Expiration Deadline"). The Offeror hereby announces the final results of the Put Right in relation to each Series of Notes set forth below.
As of the Put Right Expiration Deadline, Noteholders representing the aggregate principal amount of each Series of Notes set forth in the table below under "Aggregate Principal Amount Put" exercised the relevant Put Right and validly put their Notes to the Offeror. The Offeror accepted for purchase all of the Notes that were validly put as of the Put Right Expiration Deadline and settled payment of the principal amount of each Series of Notes put, plus accrued interest to, but excluding, the settlement date, on 8 December 2021.
Description of the Notes ISIN Code Aggregate Principal Amount Remaining Aggregate Common Code Put Principal Amount Outstanding (Regulation S Notes) Following Put Right Expiration Date GBP400,000,000 4.625 per cent. XS0717069073 GBP403,000 GBP181,110,000 Notes due 8 December 2023 071706907 (the "2023 Notes") ---------------------- ------------------------------ ----------------------------- GBP400,000,000 3.500 per cent. XS0808629389 GBP1,200,000 GBP36,867,000 Notes due 27 July 2026 (the "2026 Notes") 080862938 ---------------------- ------------------------------ ----------------------------- GBP300,000,000 4.750 per cent. XS1083226321 GBP28,685,000 GBP45,093,000 Notes due 4 July 2029 108322632 (the "2029 Notes") ---------------------- ------------------------------ ----------------------------- GBP350,000,000 2.500 per cent. XS2058692471 GBP400,000 GBP1,231,000 Notes due 1 October 2031 205869247 (the "2031 Notes") ---------------------- ------------------------------ -----------------------------
OFFER AND DISTRIBUTION RESTRICTIONS
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN ANY JURISDICTION WHERE IT IS UNLAWFUL TO DO SO.
General
Neither this announcement nor the electronic transmission thereof constitutes an offer to buy or the solicitation of an offer to sell Notes in any circumstances in which such offer or solicitation is unlawful.
United Kingdom
The communication of this announcement 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(2) of the Financial Promotion Order or any other persons to whom it may otherwise lawfully be made under the Financial Promotion Order.
United States
The Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction of the United States and may not be offered or sold in the United States, except in a registered transaction under the Securities Act or in a transaction in reliance on an exemption therefrom.
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.
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END
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(END) Dow Jones Newswires
December 13, 2021 07:02 ET (12:02 GMT)
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