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Name | Symbol | Market | Type |
---|---|---|---|
Vattfall 39 | LSE:96DV | 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% | 158.999 | 0 | 01:00:00 |
TIDM96DV
RNS Number : 7572W
Vattenfall AB
16 November 2017
LEI: 549300T5RZ1HA5HZ3109
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY TO ANY US PERSON (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT (AS DEFINED BELOW)) OR IN OR INTO THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE US VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THE TENDER OFFER MEMORANDUM.
16 November 2017
VATTENFALL AB (publ) ANNOUNCES FINAL RESULTS OF TENDER OFFER
Further to its announcement earlier today, Vattenfall AB (publ) (the "Company") now announces the final results and pricing for the purposes of its invitation to Qualifying Holders of its outstanding GBP1,000,000,000 6.875 per cent. Notes due 2039 (ISIN: XS0422688019) (the "Notes") to submit offers to sell Notes held by such holders to the Company for cash (the "Tender Offer").
The Tender Offer was announced on 8 November 2017 and on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 8 November 2017 (the "Tender Offer Memorandum"). Capitalised terms used but not otherwise defined in this announcement shall have the meaning given to them in the Tender Offer Memorandum.
The Expiration Time for the Tender Offer was 4.00 p.m. (London time) on 15 November 2017.
ANNOUNCEMENT OF FINAL ACCEPTANCE AMOUNT, PURCHASE SPREAD, PURCHASE YIELD, PURCHASE PRICE, ACCRUED INTEREST AMOUNT AND SCALING FACTOR
The Company hereby announces that:
(a) the Final Acceptance Amount is equal to the aggregate nominal amount set out in the table below;
(b) on the basis of the Final Acceptance Amount, it will accept for purchase all Notes validly Offered for Sale under the Tender Offer pursuant to Non-Competitive Electronic Instructions on a pro-rata basis in accordance with the Scaling Factor set out in the table below. Accordingly, the Company will not accept for purchase any Notes which were Offered for pursuant to Competitive Electronic Instructions; and
(c) the Purchase Spread, Purchase Yield, Purchase Price, Accrued Interest Amount and Scaling Factor will be at the levels set out in the table below.
Description of ISIN Outstanding Benchmark Security Maximum Purchase Final Purchase Purchase Accrued Scaling the Notes Nominal Amount Purchase Spread Acceptance Yield Price Interest Factor Spread Amount Amount ------------------ -------------- ------------------ ---------------------- ---------- ---------- ---------------- --------- --------- --------- --------- GBP1,000,000,000 UKT 4.25 per cent. 6.875 per cent. due 2039 (ISIN: Notes due 2039 XS0422688019 GBP1,000,000,000 GB00B3KJDS62) 105 bps 105 bps GBP250,000,000 2.936% 161.902% 4.14% 0.84489 ------------------ -------------- ------------------ ---------------------- ---------- ---------- ---------------- --------- --------- --------- ---------
Notes purchased by the Company pursuant to the Tender Offer will be cancelled by the Company. Notes which have not been validly submitted and accepted for purchase pursuant to the Tender Offer will remain outstanding.
The Settlement Date for the Tender Offer is expected to be 21 November 2017, subject to the right of the Company to amend or vary the terms of (including the timetable for) the Tender Offer.
Any requests for information in relation to the Tender Offer should be directed to the Dealer Manager whose contact details are listed below.
DEALER MANAGER Barclays Bank PLC 5 The North Colonnade Canary Wharf London E14 4BB Tel: +44 (0) 20 3134 8515 Attn: Liability Management Group Email: eu.lm@barclays.com
THE TENDER AND INFORMATION AGENT
Lucid Issuer Services Limited
Tankerton Works
12 Argyle Walk
London WC1H 8HA
United Kingdom
Tel: +44 (0) 20 7704 0880
Attn: Victor Parzyjagla
Email: vattenfall@lucid-is.com
OFFER RESTRICTIONS
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 Tender Offer. If any Qualifying Holder is in any doubt as to the action it should take, it is recommended to seek its own financial advice, including as to any tax consequences, from a stockbroker, bank manager, solicitor, tax advisor, accountant or other appropriately authorised independent financial adviser. None of the Dealer Manager, the Tender and Information Agent or any of their respective directors, employees, officers, agents or affiliates makes any representation or recommendation whatsoever regarding this announcement or the Tender Offer Memorandum, or takes any responsibility for the contents of this announcement or the Tender Offer Memorandum.
Nothing in this announcement or the Tender Offer Memorandum or the electronic transmission thereof constitutes an invitation to participate in the Tender Offer in or from any jurisdiction in or from which, or to or from any person to or from whom, it is unlawful to make such invitation under applicable securities laws. The distribution of this announcement and 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 Dealer Manager and the Tender and Information Agent to inform themselves about, and to observe, any such restrictions.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
November 16, 2017 10:56 ET (15:56 GMT)
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