REG - Allied Irish Banks - Tender Results

AIBAnnouncement

23/06/2020 12:25

RNS Number : 8066Q
  
Allied Irish Banks PLC
  
23 June 2020
  
 

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA 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 DOCUMENT.
Allied Irish Banks, p.l.c. announces the results of its Tender Offer in respect of its €500,000,000 Fixed Rate Reset Additional Tier 1 Perpetual Contingent Temporary Write-Down Securities (ISIN: XS1328798779) 
23 June 2020. On 16 June 2020, Allied Irish Banks, p.l.c. (the Offeror) announced an invitation to eligible holders of its outstanding €500,000,000 Fixed Rate Reset Additional Tier 1 Perpetual Contingent Temporary Write-Down Securities (ISIN: XS1328798779) (the Securities) to tender their Securities for purchase by the Offeror for cash (such invitation, the Offer). 
The Offer was made on the terms and subject to the conditions contained in a tender offer memorandum dated 16 June 2020 (the Tender Offer Memorandum) prepared by the Offeror, and subject to the offer restrictions set out in the Tender Offer Memorandum. Capitalised terms used in this announcement but not defined have the meanings given to them in the Tender Offer Memorandum.
The Expiration Deadline for the Offer was 4.00 p.m. (London time) on 22 June 2020. The Offeror hereby announces the results of the Offer.
Results of the Offer
As at the Expiration Deadline, €202,183,000 in aggregate principal amount of the Securities was validly tendered for purchase in the Offer. The Offeror announces that it has decided to set the Final Acceptance Amount at €202,183,000 and, accordingly, that it accepts for purchase all such Securities validly tendered in the Offer in full, with no pro rata scaling. In addition, the Offeror confirms that the New Financing Condition has been satisfied. 
The Settlement Date for the Offer is expected to be 24 June 2020.
 
Goldman Sachs International (Telephone: +44 20 7552 6157; Email: liabilitymanagement.eu@gs.com; Attention: Liability Management Group), J.P. Morgan Securities plc (Telephone: +44 20 7134 2468; Email: liability_management_EMEA@jpmorgan.com; Attention: Liability Management), and Merrill Lynch International (Telephone: +44 20 7996 5420; Email: DG.LM-EMEA@bofa.com; Attention: Liability Management Group) are acting as Dealer Managers for the Offer.
Lucid Issuer Services Limited (Telephone: +44 20 7704 0880; Attention: Arlind Bytyqi; Email: aib@lucid-is.com) is acting as Tender and Information Agent for the Offer.
MARKET ABUSE REGULATION
This announcement is released by Allied Irish Banks, p.l.c. 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 results of the Offer. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Mark Whelan, Head of Term Funding.
DISCLAIMER This announcement must be read in conjunction with the Tender Offer Memorandum. No offer or invitation to acquire any Securities is being made pursuant to this announcement. 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 the Tender Offer Memorandum comes are required by each of the Offeror, the Dealer Managers and the Tender and Information Agent to inform themselves about, and to observe, any such restrictions. The Offer has now expired. 
This announcement has been issued through the Companies Announcement Service of Euronext Dublin.
 


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