REG - Mizuho International - Stabilisation Notice - AVY
30/10/2024 14:15
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RNS Number : 2710K Mizuho International plc 30 October 2024
30(th) October 2024
Not for distribution, directly or indirectly, in or into the United States or
any jurisdiction in which such distribution would be unlawful.
Avery Dennison Corporation
Pre-stabilisation Period Announcement
Mizuho International plc (contact: Syndicate Desk; telephone: 020 7090 6625)
hereby gives notice, as Stabilisation Coordinator, that the Stabilisation
Manager(s) named below may stabilise the offer of the following securities in
accordance with Commission Delegated Regulation EU/ 1052 /2016 under the
Market Abuse Regulation (EU/596/2014).
The securities:1
Issuer: Avery Dennison Corporation
Aggregate nominal EUR 500m
amount:
Description: Senior Unsecured, SEC Registered
Offer price: TBC
Other offer terms: N/A
Stabilisation:
Stabilisation Mizuho International plc (Stabilisation Coordinator)
Manager(s): Merrill Lynch International
SMBC Bank International plc
Stabilisation period 30 October 2024
expected to start on:
Stabilisation period 4 December 2024 (30 days after the proposed issue date of the
expected to end no Securities)
later than:
Existence, maximum The Stabilisation Manager(s) may over‑allot 5% of the aggregate nominal
amount
size and conditions of
use of over‑allotment
facility:
In connection with the offer of the above securities, the Stabilisation
Manager(s) may over‑allot the securities or effect transactions with a view
to supporting the market price of the securities during the stabilisation
period at a level higher than that which might otherwise prevail. However,
stabilisation may not necessarily occur and any stabilisation action, if
begun, may cease at any time9. Any stabilisation action or over‑allotment
shall be conducted in accordance with all applicable laws and rules.
This announcement is for information purposes only and does not constitute an
invitation or offer to underwrite, subscribe for or otherwise acquire or
dispose of any securities of the Issuer in any jurisdiction.
This announcement and the offer of the securities to which it relates are only
addressed to and directed at persons outside the United Kingdom and persons in
the United Kingdom who have professional experience in matters related to
investments or who are high net worth persons within Article 12(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and
must not be acted on or relied on by other persons in the United Kingdom10.
In addition, if and to the extent that this announcement is communicated in,
or the offer of the securities to which it relates is made in, any EEA Member
State that has implemented Directive 2003/71/EC, as amended (together with any
applicable implementing measures in any Member State, the "Prospectus
Directive") before the publication of a prospectus in relation to the
securities which has been approved by the competent authority in that Member
State in accordance with the Prospectus Directive (or which has been approved
by a competent authority in another Member State and notified to the competent
authority in that Member State in accordance with the Prospectus Directive),
this announcement and the offer are only addressed to and directed at persons
in that Member State who are qualified investors within the meaning of the
Prospectus Directive (or who are other persons to whom the offer may lawfully
be addressed) and must not be acted on or relied on by other persons in that
Member State11.
This announcement is not an offer of securities for sale into the United
States. The securities have not been, and will not be, registered under the
United States Securities Act of 1933 and may not be offered or sold in the
United States absent registration or an exemption from registration. There
will be no public offer of securities in the United States.
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