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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Standard Life Aberdeen Plc | LSE:SLA | London | Ordinary Share | GB00BF8Q6K64 | ORD 13 61/63P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 274.10 | 273.20 | 273.40 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSLA
RNS Number : 5033H
Standard Life Aberdeen plc
15 November 2018
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 INTO ANY JURISDICTION OR TO ANY PERSON WHERE OR TO WHOM IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT.
ANNOUNCEMENT OF RESULTS OF THE PROPOSAL AND MEETING IN RESPECT OF CERTAIN SECURITIES
On 24 October 2018, Standard Life Aberdeen plc (the "Company") announced an invitation (the "Proposal") to Proposal Eligible Noteholders (as defined below) of its outstanding $750,000,000 4.25 per cent. Fixed Rate Reset Subordinated Notes due 2048 (ISIN: XS1698906259) (the "Notes") to consider at a meeting of the holders of the Notes (the "Noteholders") (the "Meeting") and, if thought fit, approve by way of extraordinary resolution (the "Extraordinary Resolution") certain modifications to the terms and conditions of the Notes and the entry into a supplemental trust deed, a supplemental agency agreement and a new global certificate in respect of the Notes. The Meeting was held earlier today and the Company now announces (inter alia) the results of the Meeting.
The full terms and conditions of the Proposal were contained in the consent solicitation memorandum dated 24 October 2018 (the "Consent Solicitation Memorandum") prepared by the Company.
Capitalised terms used in this announcement but not defined have the meanings given to them in the Consent Solicitation Memorandum.
Consent Conditions
The implementation of the Proposal was conditional on:
(i) the Proposal not having been terminated; (ii) the passing of the Extraordinary Resolution; and
(iii) the quorum required for, and the requisite majority of votes cast at, the Meeting being satisfied by Noteholders who are (a) located and resident outside the United States and not a U.S. person and (b) otherwise a person to whom the Proposal can be lawfully made and that may lawfully participate in the Proposal (each a "Proposal Eligible Noteholder" and, together, the "Proposal Eligible Noteholders"), irrespective of any participation at the Meeting by Noteholders who are not Proposal Eligible Noteholders ("Proposal Ineligible Noteholders") (and would also have been satisfied if any Proposal Ineligible Noteholders who provide confirmation only of their status as Proposal Ineligible Noteholders and waive their right to attend and vote (or be represented) at the Meeting had actually participated at such Meeting) (the "Eligibility Condition") (together, the "Consent Conditions").
Results of the Meetings
NOTICE IS HEREBY GIVEN to Noteholders that, at the Meeting, the necessary quorum was achieved, the Extraordinary Resolution was duly passed and the Eligibility Condition was satisfied. Accordingly, the Consent Conditions were satisfied.
In accordance with the indicative timetable set out in the Consent Solicitation Memorandum and as a result of the satisfaction of the Consent Conditions, the Supplemental Trust Deed, the Supplemental Agency Agreement and the new global certificate in respect of the Notes will be entered into on 15 November 2018, being the Amendment Effective Date.
The Company is very pleased with the overall outcome of the Proposal and the high level of Noteholder support received.
Fee Payment Date
The Fee Payment Date, on which date Noteholders will receive any applicable Consent Fee or Ineligible Holder Payment, as the case may be, is expected to be 19 November 2018.
Further Information
A copy of the Notice has been submitted to the National Storage Mechanism and will be available for inspection at http://www.morningstar.co.uk/uk/NSM in due course.
This announcement is released by the Company and contains information in relation to the Notes 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 Proposal. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this Notice is made by Kenneth Gilmour, Group Company Secretary, for the Company.
Solicitation Agents
(in respect of the Proposal made to Relevant Noteholders)
Barclays Bank PLC J.P. Morgan Securities Merrill Lynch International 5 The North Colonnade plc 2 King Edward Street Canary Wharf 25 Bank Street London EC1A 1HQ London E14 4BB Canary Wharf United Kingdom United Kingdom London E14 5JP Telephone: +44 20 7996 Telephone: +44 20 3134 Telephone: +44 20 7134 5420 8515 2468 Email: DG.LM_EMEA@baml.com Email: eu.lm@barclays.com Email: emea_lm@jpmorgan.com Attention: Liability Attention: Liability Attention: Liability Management Group Management Group Management TABULATION AGENT Lucid Issuer Services Limited Tankerton Works 12 Argyle Walk London WC1H 8HA Telephone: +44 207 704 0880 Email: sla@lucid-is.com Attention: David Shilson
General
No offer or invitation to acquire any securities is being made pursuant to this announcement. The distribution of this announcement in certain jurisdictions may be restricted by law. Persons into whose possession this announcement comes are required by each of the Company, the Solicitation Agents and the Tabulation Agent to inform themselves about and to observe any such restrictions.
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.
END
ROMLLFELLILELIT
(END) Dow Jones Newswires
November 15, 2018 06:54 ET (11:54 GMT)
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