REG - Agroton PL - Tender Offer <Origin Href="QuoteRef">AGTP.WA</Origin>

Agroton PublicAnnouncement

05/01/2016 13:18

RNS Number : 7447E
Agroton Public Limited
05 November 2015
NOT FOR DISTRIBUTION TO ANY UNITED STATES PERSON
OR TO ANY PERSON RESIDENT AND/OR LOCATED IN THE UNITED STATES.
This announcement does not constitute an invitation to participate in the Invitation to Tender (as defined herein) 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 offer under applicable securities laws or otherwise. The distribution of this announcement in certain jurisdictions (in particular, the United States, the United Kingdom, Italy, France and Belgium) may be restricted by law. Persons into whose possession this announcement comes are required by Agroton Public Limited to inform themselves about, and to observe, any such restrictions. No action that would permit a public offer has been or will be taken in any jurisdiction by Agroton Public Limited.
RNS Announcement
TO:  The London Stock Exchange plc
Company Announcements Department
AGROTON PUBLIC LIMITED
London, 5 November 2015
AGROTON PUBLIC LIMITED ANNOUNCES PRICING AND FINAL RESULTS OF THE INVITATION TO TENDER IN RESPECT OF THE US$50,000,000 12.50 PER CENT. NOTES DUE 2019 WITH INTEREST RATE STEP DOWN TO 6.00 PER CENT. IN 2013 WITH ISIN: XS0627994477 AND COMMON CODE: 062799447
On 28 October 2015, Agroton Public Limited (the "Company") announced an invitation to the holders ("Noteholders") of its US$50,000,000 12.50 per cent. Notes due 2019 with interest rate step down to 6.00 per cent. in 2013 with ISIN: XS0627994477 and Common Code: 062799447 (the "Notes") to tender Notes for repurchase by the Company for cash, subject to the Maximum Acceptance Amount described below (the "Invitation to Tender"). The Invitation to Tender was made upon the terms and subject to the conditions contained in the tender offer memorandum dated 28 October 2015 (the "Tender Offer Memorandum") prepared in connection with the Invitation to Tender, and is subject to the offer and distribution restrictions set out below. Capitalised terms used in this announcement and not otherwise defined have the meanings ascribed to them in the Invitation to Tender.
Following the expiration of the Invitation to Tender at 4.00 PM (London time) on 4 November 2015, the Company is pleased to announce that it has accepted for purchase US$10,350,000 in aggregate principal amount of the Notes at the Purchase Price of 30 per cent. of the principal amount of the Notes tendered plus accrued and unpaid interest in accordance with the terms and conditions of the Invitation to Tender. All Notes tendered at the Purchase Amount have been accepted in full and will be tendered for cancellation by the Company. 
In addition, the Companyhereby announces that US$22,100,000 in aggregate principal amount of the Notes previously purchased by the Company will also be cancelled.
Upon settlement of the Invitation to Tender and cancelation of the previously purchased Notes, US$17,550,000 in aggregate principal amount of the Notes will remain outstanding. 
The applicable Purchase Amount, together with accrued but unpaid interest for the Notes, will be paid to Holders whose Notes have been accepted for purchase by the Company. Settlement of the Invitation to Tender is expected to occur on 10 November 2015. 
Further Information
The Invitation to Tender is described in full in the Tender Offer Memorandum which is available for collection from the Tender Agent and Tabulation Agent. 
Requests for information in relation to the Invitation to Tender should be directed to:
Issuer
Agroton Public Limited
1 Lampousas Street
CY-1095
Nicosia
Cyprus
Tel: +380504231855
Attention: Oleg Platonov
Email: orlova@agroton.com.ua
Requests for copies of the Tender Offer Memorandum, for information in relation to the procedures for tendering Notes in the Invitation to Tender and the submission of Tender Instructions should be directed to:
Tender Agent and Tabulation Agent
The Bank of New York Mellon, London Branch
One Canada Square
London, E14 5AL
United Kingdom
Tel: +44 1202 689644
Fax: +44 20 7964 2536
Attention: Debt Restructuring Services
Email: debtrestructuring@bnymellon.com

This information is provided by RNS
The company news service from the London Stock Exchange
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